Page 31 - Maruti Suzuki
Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more
From the govt planning to offload its Rs 40,000-cr stake in BPCL to four- and two-wheeler sales falling by almost half in Aug from the equivalent month last year, here are today's top business stories
 "Top 10 biz headlines: BPCL stake sale likely, Aug auto sales plunge & more")
Maruti reports 33% drop in August sales at 1,06,413 units; exports down 11%
Sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, fell 23.9% at 54,274 units as against 71,364 cars in August last year.
 "Maruti reports 33% drop in August sales at 1,06,413 units; exports down 11%")
Maruti's plans to launch electric car faces 2 issues: cost, charging infra
Maruti Suzuki India is currently testing a fleet of 50 prototype EVs based on WagonR model platform developed by Suzuki Motor Corporation in Japan
 "Maruti's plans to launch electric car faces 2 issues: cost, charging infra")
Toyota Glanza, Baleno spinning tracks for millennial, first-time car buyers
The rebadging experiment is the outcome of a broader agreement that Toyota Motor Corp and Suzuki Motor Corp stitched up in March 2018
 "Toyota Glanza, Baleno spinning tracks for millennial, first-time car buyers")
Facing slowdown, and inventory glut, Maruti cuts 3,000 contract jobs
With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check
 "Facing slowdown, and inventory glut, Maruti cuts 3,000 contract jobs")
Hyundai plans to roll out BS6 models early next year; to sell BS4 till FY20
In comparison, Maruti Suzuki has seven petrol models that are now BS6 emission norms compliant
 "Hyundai plans to roll out BS6 models early next year; to sell BS4 till FY20")
Auto sector gets a breather as FM announces measures to boost demand
Resumption of car purchase by govt departments, increase in depreciation to 30% may boost sales
 "Auto sector gets a breather as FM announces measures to boost demand")
Top 10 biz headlines: Suitors for RCom assets grow, FPI norms eased & more
From Anil Agarwal and Mukesh Ambani joining the suitors' list for acquiring RCom assets to Sebi easing the process for onboarding overseas investors, here are the top business headlines for Thursday
 "Top 10 biz headlines: Suitors for RCom assets grow, FPI norms eased & more")
Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch
As sales falter, banks tighten lending norms for auto dealers
 "Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch")
In pics: Maruti launches multi-purpose vehicle XL6 starting at Rs 9.7 lakh
The new model is powered by a 1.5 litre petrol engine coupled to a progressive smart hybrid system that features a lithium-ion battery
 "In pics: Maruti launches multi-purpose vehicle XL6 starting at Rs 9.7 lakh")
Maruti Suzuki launches new XL6 multipurpose vehicle at Rs 9.79 lakh
The XL6 will be available in five-speed manual and 4-speed automatic transmission options
Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more
From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday
 "Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more")
Maruti seeks GST benefit for hybrid, CNG cars to promote green mobility
The hybrid cars are 25% to 30% more efficient and will help reduce oil imports
 "Maruti seeks GST benefit for hybrid, CNG cars to promote green mobility")
'Part of the business': Maruti says 3,000 temporary jobs cut in slowdown
Maruti chairman R C Bhargava wants the government to reduce taxes to help the automobile industry
 "'Part of the business': Maruti says 3,000 temporary jobs cut in slowdown")
Hero MotoCorp shuts plants from Aug 15-18, says market situation to blame
Company says while the closure of plants has been partly due to holidays for Independence Day and Raksha Bandhan, it also reflects the prevailing market demand scenario
 "Hero MotoCorp shuts plants from Aug 15-18, says market situation to blame")
Amid slowing sales, carmakers fear fee hike will further dent demand
The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals
 "Amid slowing sales, carmakers fear fee hike will further dent demand")
Maruti cuts production by 25% for the sixth consecutive month in July
The company produced a total of 1,33,625 units in July
Maruti Suzuki bets on CNG to meet BS-VI norms, expects 44% jump in sale
Leader in the car market, Maruti is encouraged by government plans to expand the network of CNG filling stations
 "Maruti Suzuki bets on CNG to meet BS-VI norms, expects 44% jump in sale")
Tata Sons Chairman Chandrasekaran says migration to EVs need to be planned
Chandrasekaran said the demand for EVs needs to be created with the right incentives
 "Tata Sons Chairman Chandrasekaran says migration to EVs need to be planned")
Maruti Suzuki net profit plunges 27% to Rs 1,435 crore in Q1; outlook grim
The firm witnessed a sharp rise in overall expenses as a result of an increase in raw material and depreciation and amortisation costs
 "Maruti Suzuki net profit plunges 27% to Rs 1,435 crore in Q1; outlook grim")
