Maruti Suzuki

Why is Tata Motors not slashing workforce amid major auto slowdown?

After growing in double-digit for the most part of last and till the mid part of the running decade, the Indian Auto sector is struggling to keep up with the sales since last 2 years.

Dec 15, 2019

Maruti U-turn may put India's plan to ease out diesel vehicles on reverse gear

Country's largest carmaker Maruti Suzuki may not want to miss out on the diesel vehicle market share as rivals remain silent on exiting the segment.

Dec 13, 2019

Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6

In a regulatory filing, the company said: "A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier."

Dec 7, 2019

Maruti Suzuki vehicle prices to increase from Jan 2020

According to the company, the price increase is necessitated on account of the increase in input cost. Besides, the auto major said the "price increase shall vary for different models".

Dec 3, 2019

Maruti Suzuki achieves landmark 20 million cumulative sales in India

The company accomplished this landmark number in less than 37 years of selling its first car in December 1983.

Dec 1, 2019

Auto slowdown: Is Uber boss taunting Sitharaman with advice to millennials?

Uber CEO Khosrowshahi urges Indians to shun car ownership 'trap' unlike in the developed world and support innovation and new technologies; Sitharaman had suggested auto sector slowdown in part is because of ride-hailing apps like Uber and Ola.

Oct 23, 2019

GST collection tanks to 19-month low as economy shows no signs of revival

The fall in GST collections in September has been coupled with a significant slowdown in various high-frequency economic indicators.

Oct 2, 2019

Maruti chairman joins Sitharaman in blaming millennials for slowdown in auto sector

Maruti chairman Bhargava thinks Sitharaman's view that millennials' dependence on Uber, Ola may be contributing to auto sector slowdown is correct

Sep 19, 2019

GST panel unlikely to favour tax rate cut for auto sector: Sources

A government study, attached to the agenda of a Sept 20 GST panel meeting, has said the total annual revenue loss could be as much as 500 billion rupees, if the panel decided to lower tax rates for the auto sector to 18% from 28%.

Sep 17, 2019

Automobile sector needs more than the GST band-aid to ward off a meltdown threat

With passenger vehicles sales skidding to worst in two decades and thousands of jobs at stake amid an economic slowdown, the government needs to take substantive measures; deliveries in August fell 41% year on year to 115,957 units.

Sep 10, 2019

Maruti Suzuki sales fall 33% in August

The company sold a total of 1,06,413 units, including exports, last month, compared to 1,58,189 vehicles in August 2018.

Sep 1, 2019

Sale of passenger vehicles falls for ninth straight month as slowdown bites

Amid the ongoing liquidity crunch in the country, the demand for consumer goods has been declining.

Aug 13, 2019

Demand truncation dents workforce in Gurugram-Manesar auto cluster

No authentic data is currently available on the extent of job losses, as most of these have occurred on the auto part suppliers' side.

Aug 11, 2019

Auto sector skids downhill as economy hits bump; Maruti cuts production again

Automakers call for major incentives as top carmaker Maruti reduces production by 25 percent for the sixth consecutive month in July

Aug 8, 2019

India's biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge

Maruti Suzuki said it employed 18,845 temporary workers on average in the six months ended June 30, down 6% or 1,181 from the same period last year.

Aug 3, 2019

Maruti Suzuki's July sales down by 33.5%

A total of 109,264 units were sold last month, compared to the off-take of 164,369 units recorded during the corresponding period of the previous financial year.

Aug 2, 2019

SBI tightens lending terms for auto dealerships

The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year.

Jul 30, 2019

Maruti Suzuki 's Q1 net profit down 27 percent

The company's net sales declined by 14.1 per cent to Rs 18,735.2 crore from Rs 21,810.7 crore reported for the same period during the previous year.

Jul 27, 2019

Maruti Suzuki under investigation for anti-competitive pricing policy

The CCI has been reviewing the allegations against Maruti Suzuki for about 10 months.

May 21, 2019

Maruti Suzuki's decision to phase out diesel cars to leave broader impact

Impact of largest carmaker Maruti's decision to phase out diesel by April 2020 will be felt across the Indian passenger car market forcing others to follow.

Apr 26, 2019