India's largest carmaker Maruti Suzuki India (MSI) has said that it will discontinue sale of diesel cars in the country from April next year, coinciding with the transition of the automobile industry
Management anticipates 4 - 8 per cent sales growth in FY20; analysts say this is the weakest guidance in at least five years
The carmaker's net profit fell by 4.6 per cent to Rs 1,795.6 crore
Diesel cars account for almost a third of sales
Bhargava expects the buyer preference to change swiftly in favour of petrol, compressed natural gas (CNG), and other alternative technologies
Maruti Suzuki's revenue growth may fall below 5%, commentary on demand revival key for sentiment reversal
Toyota also wants to learn the art of selling small cars in India from Maruti and train its workers
Eeco is currently priced between Rs 3.37 lakh and Rs 6.33 lakh (ex-showroom Delhi)
The cut comes amid demand uncertainties ahead of the Lok Sabha elections and Assembly polls in some states
The new Ignis is now equipped with co-driver seat belt reminder and high speed alert system along with reverse parking assist system as standard features across all variants, Maruti Suzuki India said
In the domestic market, the company sold 1,42,150 units as against 1,40,600 units in the same month last year, a growth of 1.1%
Maruti Suzuki discounts peaked to a record high in Q3
The smallest car from Maruti Suzuki's stable replaced the iconic Maruti 800 and has enjoyed major popularity as the entry-level car with the company selling over 35 lakh cars since its launch
Analysts were anticipating a single-digit decline in the company's quarterly profit
The stock dipped 9 per cent to Rs 6,420, its lowest level since April 28, 2017, after reported 17.2 per cent year-on-year decline in net profit at Rs 1,489 crore in December quarter.
JIM Uncha Majra, which will be the first in Haryana, is expected to start its first session by August 2019
The new WagonR with one-litre engine will deliver a fuel efficiency of 22.5 km per litre while the bigger 1.2 litre petrol powertain would return efficiency of 21.5 km per litre
Customers can book the third generation WagonR at its authorised dealer network across the country at an initial payment of Rs 11,000
In December, the company had said that it will hike its car prices from January but did not specify the quantum of hike
Maruti is also in the process of upgrading its current portfolio to have safety features like airbags, seat belt reminder and reverse parking sensors by June to comply with new safety norms