New Delhi, Nov 04 (ANI): Maruti Suzuki, which sells almost one in two cars in India, is betting a new version of its bestselling model will help it retain a stranglehold on the budget market, even as it courts wealthier buyers to fend off a slowdown in sales. Maruti unveiled a new version of its entry-level Alto - India's most popular car last year- with automatic gear shift technology, a feature usually reserved for pricier cars in the Indian market. At Rupees 3.06 lakh, the Alto K10 is the Indian market's cheapest automatic car - a position previously held by Maruti's compact sedan Celerio at about Rupees 410,000. Maruti Suzuki India (MSI) Managing Director and Chief Executive Officer (CEO), Kenichi Ayukawa, said Alto K10 is the company's best selling brand in Indian markets. Maruti Suzuki is preparing for what it has said will be a period of slower sales in the coming months. Sales of Maruti's passenger cars fell 1.1 percent in October from a year ago, breaking five consecutive months of increase.
Nov 4, 2014
New Delhi, Nov 3 (ANI): Trading at the Bombay Stock Exchange today closed 5.45 points down to stand at 27,860.38. At the National Stock Exchange the Nifty closed 1.95 points up to stand at 8,324.15. UNITECH and NETWORK18 were among the top gainers of Group A with an increase of 10.76% and 10.50% along with POLARIS and NEYVELI LIGNITE CORPORATION LTD. with an increase of 8.88% and 8.64% respectively, while the top losers of Group A include KEC and GAIL with a decrease of 7.38% and 6.08% along with NCC and REDINGTON with a decrease of 5.37 and 3.63% at the close of the markets. The Auto sector is down 163.65 points at 18,415.42 while the banking sector is up 90.18 points at 19,595.34 and the reality sector is up 56.02 points at 1,609.44. The Indian currency is up 0.07% at Rs 61.40 per dollar.
Nov 3, 2014
New Delhi, Oct 31 (ANI): Trading at the Bombay Stock Exchange today closed 519.50 points up to stand at 27,865.83. At the National Stock Exchange the Nifty closed 153.00 points up to stand at 8,322.20. NCC and HCC were among the top gainers of Group A with an increase of 12.51% and 10.96% along with GVKPIL and ILandFS Transportation Networks Ltd with an increase of 9.58% and 9.14% respectively, while the top losers of Group A include TITAN and SRF with a decrease of 6.64% and 5.44% along with PIPAVAV DEFENCE AND OFFSHORE ENG LTD and Jubilant Food Works Ltd with a decrease of 4.94% and 3.30% at the close of the markets. The Auto sector is up 264.36 points at 18,579.23 while the banking sector is up 319.43 points at 19,486.58 and the reality sector is up 23.93 points at 1,554.49. The Indian currency is up 0.08% at Rs 61.40 per dollar.
Oct 31, 2014
New Delhi, Oct 31 (ANI): India's biggest carmaker Maruti Suzuki India Limited said the growth in car sales will be slow in the second half of the year, dampening expectations of a rapid recovery in the country's automotive market. Maruti's Chairman RC Bhargava said sales momentum was now slowing, and growth over the 2014-2015 financial year would average out at about 10 percent. Indian car makers are launching new and upgraded models of their cars, betting on improved consumer sentiment and an economic recovery under Prime Minister Narendra Modi's new government. To fend off competition from rivals such as Honda Motor Co and Hyundai Motor Co, Maruti plans to launch new and upgraded models of its cars over the next 12 months, including in the premium segment where it has had little success in the past.
Oct 31, 2014
New Delhi, Oct 30 (ANI): Trading at the Bombay Stock Exchange today closed 248 points up to stand at 27,346.33. At the National Stock Exchange the Nifty closed 78.75 points up to stand at 8,169.20. SRF and KAILASH were among the top gainers of Group A with an increase of 11.27% and 9.00% along with UNITECH and CENTURYTEX with an increase of 8.43% and 7.01% respectively, while the top losers of Group A include PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and RAYMOND with a decrease of 4.93% and 4.83% along with IOB and CONCOR with a decrease of 4.03% and 3.45% at the close of the markets. The Auto sector is up 51.94 points at 18,314.87 while the banking sector is up 136.55 points at 19,167.15 and the reality sector is up 50.87 points at 1,530.56. The Indian currency is down 0.12% at Rs 61.43 per dollar.
Oct 30, 2014
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