Kazunari Yamaguchi, Kazuhiko Ayabe, and Toshiaki Hasuike have resigned from the board of the company with effect from July 26
The cause for Maruti's radical call was a combination of factors - weak growth forecasts, fuel price deregulation that has narrowed the gap between diesel and petrol, and stricter emission norms
Third line to be commissioned by April 2020, additional 250,000 cars a year to be rolled out
Domestic sales declined marginally at 1,47,613 units last month as against 1,48,582 units in the year-ago month
This year Dzire slipped to the fourth position selling 15,915 units as against 20,941 units in February last year.
Tiago and Santro are priced between Rs 3.9 lakh and Rs 5.64 lakh
Ford India saw the biggest jump, with a 31.18 per cent increase in total sales at 20,648 units in August this year
Maruti launched the Baleno in May 2016 and the new Swift in February this year
Overtakes Sanand unit of Ford and Tata Motors in volume
Ayukawa's total remuneration during the year was at Rs 4,20,67,808, which also included a performance-linked bonus of Rs 1,50,39,000.
Looks to leverage its popularity to power up new line of sedans, redefine identity, rev up sales
It took the country's biggest car maker a long ride but it has hit a milestone. Listed in 2003, Maruti Suzuki's market capitalisation crossed Rs 200,000 crore on Tuesday, making it the 10th highest valued entity. Maruti has, for a while, been the highest valued domestic automobile company, ahead of Tata Motors and Mahindra & Mahindra. Two things helped the northward movement in its stock price. First came its annual and fourth quarter results on Thursday, when its share hit a new record of Rs 6,444 and the market cap inched closer to the Rs 200,000-crore mark. The company clocked a record profit of Rs 7,337 crore in FY17, about 37 per cent higher than the previous year. Year after year it has shown a volume growth higher than the average industry performance. In FY17, its volumes grew by almost 10 per cent, to 1.56 million vehicles, a 47.3 per cent share in the world's fifth biggest car market.The second trigger came on Monday, when it announced its April sales volume. It ...
Cars are no longer just about 'kitna deti hai' (fuel efficiency)
Dzire occupied the third slot in the top ten list of passenger vehicles with sale of 1,99,878 units
The urgency for labour reform has never been more compelling.
Court had acquitted 117 of the 148 employees named in chargesheet in the case for want of evidence
No one knows yet who killed Awanish Kumar Dev, general manager (HR) of Maruti Suzuki India Limited, who was mercilessly beaten up and burnt to death inside the factory at Manesar.
The judge had acquitted 117 of the 148 employees named in the charge sheet
The riots began after a heated debate over disciplinary issue with an employee went out of control
Workers jailed after the strife at Manesar factory are struggling to put their lives back together