Localising electronics will need a push from the government as part of its Make in India mission.
The performance of Maruti Suzuki is a reflection of the challenges that the domestic car manufacturers are facing
The company sold around 10,000 units of the light commercial vehicle (LCV) in 2017-18.
The company's domestic sales stood at 1,53,550 units, up 1.4 per cent from 1,51,400 units in September last year, MSI said in a statement
Brokerages have cut net profit estimates by up to 12 % over next few years
Reliance Capital, Reliance Power, Reliance Infra, Karnataka Bank, Karur Vysya Bank, Ujjivan Financial, IFCI, Manappuram Finance and PNB Housing among 68 stocks from the Nifty 500 index hit 52-week low
The thirty-five-year-old plant was the company's first manufacturing facility and has a capacity to make about 700,000 cars every year
MSI has sold over 450,000 units of Baleno cumulatively, since its launch
Domestic sales were also down 2.8 per cent at 1,47,700 units last month as against 1,52,000 units in the year-ago month
Ayukawa went on to say that the company has been 'sensitive' to shareholders' expectations
This is the first of its kind initiative by any carmaker, which is aimed at reaching the car owner in a shorter time
Maruti Suzuki has shaken away the age-old perception of being a small carmaker in the past four years with the launch of successful premium products
Selling high-priced and small volume products did not fit into the company's strategy, said MSI Chairman R C Bhargava
Another popular model Baleno from the stable of MSI came fourth in the list with 17,960 units last month. The premium hatchback was ranked second in the year-ago month with 19,153 units
Other companies such as Mahindra & Mahindra, Tata Motors and Honda Cars India have also announced price hikes from this month
Maruti Suzuki India's domestic sales were up marginally at 1,54,150 units last month as against 1,54,001 units in July last year
Company, however, is confident about growth going ahead given the uptick in rural segment
Pollution from cars is still a very small part of the total pollution but this position would change as car ownership grows over the next two decades, says R C Bhargava
New safety regulations for existing models will kick in from October 2019
The upcoming Ciaz 2018 model is expected to be a major update, according to a teaser seen in Maruti Nexa's promotional video on Twitter