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Congress leader Rahul Gandhi on Wednesday slammed the Centre for the ongoing construction of the <span class='webrupee'>₹</span>2,000 crore Central Vista Project which is listed among “essential services”.(File Photo)

News updates from HT: Rahul Gandhi slams Centre over Central Vista Project

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON APR 28, 2021 04:58 PM IST
  • Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Corporate office of Maruti Suzuki India Limited is pictured in New Delhi, India.(Reuters)
Corporate office of Maruti Suzuki India Limited is pictured in New Delhi, India.(Reuters)

Maruti Suzuki profit dips 9.4% to 1,166.1 crore in March quarter

By Malyaban Ghosh, New Delhi
PUBLISHED ON APR 28, 2021 12:16 AM IST
The other income for the quarter also dropped sharply by 89.8% due to mark to market losses incurred on certain investments, further impacting its bottom-line.
Jagdish Khattar, an IAS officer of the UP cadre, had joined Maruti Udyog as an officer on special duty in 1992.(Photo: Mint)
Jagdish Khattar, an IAS officer of the UP cadre, had joined Maruti Udyog as an officer on special duty in 1992.(Photo: Mint)

Former Maruti Suzuki India MD Jagdish Khattar dies at 78

By Malyaban Ghosh, New Delhi
PUBLISHED ON APR 27, 2021 07:13 AM IST
Khattar’s career also mirrored that of Maruti’s chairman RC Bhargava, who was also an IAS officer, but resigned to join Maruti permanently in the mid-1980s.
According to one of the two people, Maruti has guided for an increase in production as a result of the new assembly line, which has started operating.(Bloomberg)
According to one of the two people, Maruti has guided for an increase in production as a result of the new assembly line, which has started operating.(Bloomberg)

Maruti Suzuki to up production from May

By Malyaban Ghosh, New Delhi
PUBLISHED ON APR 27, 2021 07:10 AM IST
Parent Suzuki Motor Corp. has recently added a new assembly line in its Gujarat factory, and production will be increased as a consequence.
Adar Poonawalla, the director of Rising Sun, has said he sees unlimited potential in the financial services space in the country and the proposed deal only helping widen the same. (Bloomberg)
Adar Poonawalla, the director of Rising Sun, has said he sees unlimited potential in the financial services space in the country and the proposed deal only helping widen the same. (Bloomberg)

News updates from HT: SII CEO lauds PM Modi, Sitharaman for boosting production

By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON APR 20, 2021 01:00 PM IST
  • Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Maruti sold a record 106,443 CNG vehicles in FY20. According to the company, sales of such vehicles have grown at an annualized average of 15.5% over five years through FY20.(Mint)
Maruti sold a record 106,443 CNG vehicles in FY20. According to the company, sales of such vehicles have grown at an annualized average of 15.5% over five years through FY20.(Mint)

Green tax may drive up CNG vehicle sales

By Malyaban Ghosh, Livemint, New Delhi
PUBLISHED ON FEB 01, 2021 05:12 AM IST
The government proposal will also likely boost the resale value of CNG vehicles.
Ever since the outbreak of Covid-19, the Indian government has been actively pursuing companies to invest in the country as an alternative to China.(Representative photo)
Ever since the outbreak of Covid-19, the Indian government has been actively pursuing companies to invest in the country as an alternative to China.(Representative photo)

Suzuki, Hyundai chart plans to make India an export hub

Livemint | By Malyaban Ghosh
UPDATED ON JAN 01, 2021 04:24 AM IST
Japan’s Suzuki is weighing options to make India the sole production hub for the next-generation model of its popular hatchback Swift by discontinuing production in Japan and other locations, said one of the two people cited above.
Besides, with compact SUV Tivoli as the only successful model, SsangYong was marred by several serious challenges such as gaps in its product portfolio, inefficient cost structure, the collapse of its key export markets, including Russia, Iran and Egypt, the limited production capacity of petrol engines and delayed entry into the US.(Bloomberg Quint)
Besides, with compact SUV Tivoli as the only successful model, SsangYong was marred by several serious challenges such as gaps in its product portfolio, inefficient cost structure, the collapse of its key export markets, including Russia, Iran and Egypt, the limited production capacity of petrol engines and delayed entry into the US.(Bloomberg Quint)

SsangYong woes sink M&M plans

Livemint | By Amit Panday
PUBLISHED ON DEC 31, 2020 04:08 AM IST
Mahindra lost substantial market share in the SUV segment amid intensifying competition from rivals Maruti Suzuki India Ltd and Hyundai Motor India Ltd.
Passenger cars, commercial vehicles as well as two-wheelers have seen a sharp price hike of as much as 15% as the industry transitioned to the stricter Bharat Stage VI (BS VI) emission norms, which came into effect for all vehicle categories from 1 April 2020.(PTI file photo)
Passenger cars, commercial vehicles as well as two-wheelers have seen a sharp price hike of as much as 15% as the industry transitioned to the stricter Bharat Stage VI (BS VI) emission norms, which came into effect for all vehicle categories from 1 April 2020.(PTI file photo)

Price hike from Jan may stall auto sales

Livemint, Mumbai | By Amit Panday
PUBLISHED ON DEC 21, 2020 08:53 AM IST
Maruti Suzuki India Ltd, Hero MotoCorp Ltd, Honda Motor Co. and Mahindra and Mahindra Ltd (M&M) have announced that they would increase vehicle prices from January citing the need to offset rising commodity prices and other input costs.
Pawar, while he was the Union agriculture minister in the UPA dispensation, wrote to various chief ministers of states seeking amendment to the APMC Act, facilitating the entry of private sector.(HT Photo)
Pawar, while he was the Union agriculture minister in the UPA dispensation, wrote to various chief ministers of states seeking amendment to the APMC Act, facilitating the entry of private sector.(HT Photo)

News updates from Hindustan Times: Sharad Pawar sought amendment to farm law for benefit of farmers, says Sanjay Raut and all the latest news

Hindustan Times, New Delhi | By hindustantimes.com
PUBLISHED ON DEC 13, 2020 12:48 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
When asked about the road ahead, Srivastava said, “There has been an element of pent-up demand so far. We really don’t know when will it drain out.”(Bloomberg)
When asked about the road ahead, Srivastava said, “There has been an element of pent-up demand so far. We really don’t know when will it drain out.”(Bloomberg)

Long, steady auto demand depends on economy, Covid-19 situation: Maruti Suzuki

New Delhi | By Press Trust of India | Posted by Srivatsan K C
UPDATED ON DEC 09, 2020 05:53 PM IST
According to the Federation of Automobile Dealers Associations, passenger vehicle retail sales in November witnessed a year-on-year rise of 4.17 per cent to 2,91,001 units as Diwali-Dhanteras period led to rise in vehicle registrations, compared with 2,79,365 units in November 2019.
A man walks past a Canara Bank office in Mumbai in this file photo.(Reuters Photo)
A man walks past a Canara Bank office in Mumbai in this file photo.(Reuters Photo)

Canara Bank shares jump nearly 8% on QIP launch

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON DEC 08, 2020 01:42 PM IST
Canara Bank had saind on Monday that it has set a floor price of Rs 103.50 per share for its qualified institutional placement (QIP) to raise up to Rs 2,000 crore.
The logo of Maruti Suzuki India Limited is seen on car parked outside a showroom in New Delhi (REUTERS/File Photo).
The logo of Maruti Suzuki India Limited is seen on car parked outside a showroom in New Delhi (REUTERS/File Photo).

Maruti Suzuki launches fifth round of ‘MAIL’ initiative

New Delhi | By Press Trust of India | Posted by Karan Manral
UPDATED ON NOV 17, 2020 12:22 PM IST
In a statement, Maruti Suzuki said it has thus far collaborated with 18 startups selected in the previous four rounds of the ‘Mobility & Automobile Innovation Lab’ (MAIL) programme, which was launched in January 2019.
Rashtriya Janata Dal (RJD) leader Manoj Jha took a swipe at Bihar chief minister Nitish Kumar for winning “only 40” seats.(PTI Photo)
Rashtriya Janata Dal (RJD) leader Manoj Jha took a swipe at Bihar chief minister Nitish Kumar for winning “only 40” seats.(PTI Photo)

News updates from Hindustan Times: RJD’s Manoj Jha taunts Nitish Kumar over retaining CM post and all the latest news

Hindustan Times, New Delhi | By hindustantimes.com
UPDATED ON NOV 12, 2020 01:32 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
The industry saw a 14% y-o-y growth in October.(Reuters file photo)
The industry saw a 14% y-o-y growth in October.(Reuters file photo)

Passenger vehicle sales get festive season boost

livemint, Mumbai | By Amit Panday
UPDATED ON NOV 02, 2020 02:42 AM IST
Passenger vehicle sales in India accelerated in October for the third straight month this fiscal year, buoyed by demand during the festivals of Navratri and Dussehra, and a steady recovery in economic activity since lockdown restrictions were eased.
Maruti Suzuki, the country’s biggest automaker, said it sold 182,448 vehicles in October, an increase of nearly 19% over the same period last year.(Reuters | Representational Image)
Maruti Suzuki, the country’s biggest automaker, said it sold 182,448 vehicles in October, an increase of nearly 19% over the same period last year.(Reuters | Representational Image)

Auto sales show signs of rebound as carmakers see spike in monthly sales

New Delhi | By Reuters | Posted by Srivatsan K C
PUBLISHED ON NOV 01, 2020 08:01 PM IST
Indian businesses expect a boost in sales during the country’s largest shopping season, spread over the festival period of October and November.
Exports in February were up 4.7 per cent at 9,586 units as against 9,158 units in the corresponding month last year, the company said.(Reuters)
Exports in February were up 4.7 per cent at 9,586 units as against 9,158 units in the corresponding month last year, the company said.(Reuters)

Maruti Suzuki sales increase 19% to 1,82,448 units in October

New Delhi | By Press Trust of India| Posted by Mallika Soni
PUBLISHED ON NOV 01, 2020 01:43 PM IST
Domestic sales increased 19.8 per cent to 1,72,862 units last month.
The logo of Maruti Suzuki India Limited is seen on car parked outside a showroom in New Delhi.(Reuters File Photo)
The logo of Maruti Suzuki India Limited is seen on car parked outside a showroom in New Delhi.(Reuters File Photo)

Maruti Suzuki wary of dip in sales after festive season

Mint, New Delhi | By Malyaban Ghosh
PUBLISHED ON OCT 30, 2020 06:25 AM IST
Maruti on Thursday reported a 1% rise in net profit from a year ago to Rs1,371.6 crore in the September quarter.
Maruti Suzuki vehicles stand lined up at the Maruti Suzuki India Ltd.(Bloomberg)
Maruti Suzuki vehicles stand lined up at the Maruti Suzuki India Ltd.(Bloomberg)

Maruti Suzuki may hike dealer margins

Hindustan Times, New Delhi | By Malyaban Ghosh
UPDATED ON OCT 20, 2020 03:26 AM IST
The senior management of the company, in a meeting last week, has urged dealers to start repaying their loans and not wait for the tenure to end.
A Congress functionary said the party will talk to other like-minded opposition parties to present a united front in Parliament on all critical issues confronting the country.(PTI file photo)
A Congress functionary said the party will talk to other like-minded opposition parties to present a united front in Parliament on all critical issues confronting the country.(PTI file photo)

News updates from Hindustan Times: Congress to formulate strategy ahead of monsoon session of Parliament today and all the latest news

Hindustan Times, New Delhi | By hindustantimes.com
UPDATED ON SEP 08, 2020 12:59 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
Mint reported in July that Maruti Suzuki has suspended building the second plant in Gujarat, which was earlier slated to open by 2021.(Reuters)
Mint reported in July that Maruti Suzuki has suspended building the second plant in Gujarat, which was earlier slated to open by 2021.(Reuters)

Sales hurdle ahead, Maruti slows down

Livemint, New Delhi | By Malyaban Ghosh
UPDATED ON SEP 07, 2020 03:55 AM IST
Suzuki’s largest unit, Maruti Suzuki India Ltd, has already trimmed capital expenditure plans for this fiscal, underscoring a squeeze on household incomes and job losses in an economy that contracted the most in four decades in the June quarter.
High frequency indicators suggest that August was the best month for the economy since the imposition of a nation-wide lockdown on March 25.(Bloomberg)
High frequency indicators suggest that August was the best month for the economy since the imposition of a nation-wide lockdown on March 25.(Bloomberg)

Current state of Indian economy: The good, the bad and the ugly

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON SEP 02, 2020 01:10 AM IST
Indian economy: The ongoing recovery continues to face at least two risks: growing infections across the country and rising stress in state finances.
Export sales fell by more than 15 per cent to 7,920 units from 9,352 units in August 2019.(Reuters)
Export sales fell by more than 15 per cent to 7,920 units from 9,352 units in August 2019.(Reuters)

Maruti Suzuki August sales up 20 pc to 1.16 lakh units

New Delhi, Delhi | By Asian News International | Posted by Shivani Kumar
UPDATED ON SEP 01, 2020 04:17 PM IST
The mini-segment (Alto, S-Presso) witnessed nearly 95 per cent jump in domestic sales at 19,709 units from 10,123 units in the same period in an indication that Indians are buying new cars as Covid-led lockdown restrictions ease and people practice social distancing by preferring to opt for private transport.
Addressing the company’s annual general meeting on Wednesday, Bhargava said the government is aware of the constraints faced by businesses and the steps that are needed to boost the competitiveness of the domestic industry.
Addressing the company’s annual general meeting on Wednesday, Bhargava said the government is aware of the constraints faced by businesses and the steps that are needed to boost the competitiveness of the domestic industry.

Centre must usher in reforms: Maruti Suzuki chief Bhargava

Livemint, New Delhi | By Malyaban Ghosh
PUBLISHED ON AUG 27, 2020 05:42 AM IST
While Maruti Suzuki has coped with the crisis better than its rivals, it has still posted its first quarterly loss in a decade in the three months ended June 30 as plants continued to operate below capacity because of Covid-related disruptions and weak demand.
With new social distancing norms in effect, more and more people are using their cars to commute to office or elsewhere.(ANI Photo)
With new social distancing norms in effect, more and more people are using their cars to commute to office or elsewhere.(ANI Photo)

Explained: How Covid-19 pandemic has impacted daily commute to office

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON AUG 21, 2020 04:03 PM IST
Researchers across the world have offered mathematical models to predict the impact of Covid-19 pandemic on vehicular traffic. The models shows risk of extreme traffic in large metro cities.
The SUV segment has been the fastest growing in the domestic market with a compound annual growth rate (CAGR) of 13% over the last five years.
The SUV segment has been the fastest growing in the domestic market with a compound annual growth rate (CAGR) of 13% over the last five years.

Maruti Suzuki aims to increase sales volumes of mid-size SUVs

Hindustan Times, New Delhi | By Malyaban Ghosh, New Delhi
PUBLISHED ON AUG 14, 2020 01:51 AM IST
The move is part of the company’s strategy to improve profitability and operating margins following the economic disruption caused by the Covid-19 pandemic, which led to vehicle sales plummeting in the past few months, thus affecting the bottom lines of automobile manufacturers.
The carmakers plan to ramp up production with an eye on Diwali sales.(Mint)
The carmakers plan to ramp up production with an eye on Diwali sales.(Mint)

Maruti, Hyundai to hike production

Livemint | By Malyaban Ghosh
PUBLISHED ON AUG 04, 2020 04:18 AM IST
Maruti plans to produce 160,000-170,000 vehicles in October, and has also asked suppliers and employees to work extra days during the month, the two people said, requesting anonymity. Hyundai, on the other hand, is also likely to manufacture 58,000-60,000 vehicles.
Maruti, the country’s top carmaker, recorded its first quarterly loss in 17 years.(PTI)
Maruti, the country’s top carmaker, recorded its first quarterly loss in 17 years.(PTI)

Covid-19 takes a toll on bellwether firms

Livemint | By Deborshi Chaki and Nasrin Sultana
UPDATED ON JUL 30, 2020 05:57 AM IST
While the erosion in profits and revenues in the June quarter was not entirely unexpected, analysts warned poor visibility on demand and disruptions to supply chains will be a key concern for investors in the near to medium term.
Cars are seen parked at Maruti Suzuki's plant at Manesar, in the northern state of Haryana, India, August 11, 2019.(REUTERS)
Cars are seen parked at Maruti Suzuki's plant at Manesar, in the northern state of Haryana, India, August 11, 2019.(REUTERS)

Maruti Suzuki reports Q1 net loss of Rs 249 crore as Covid-19 takes toll

New Delhi | By Press Trust of India | Posted by Arpan Rai
UPDATED ON JUL 29, 2020 04:44 PM IST
Maruti, India’s largest automaker by market capitalization, logged a net loss of 2.49 billion rupees ($33.30 million) for the three months ended June 30, compared with a profit of 14.36 billion rupees a year ago.
The recall will cover 134,885 vehicles of both WagonR and Baleno(Reuters)
The recall will cover 134,885 vehicles of both WagonR and Baleno(Reuters)

Maruti Suzuki to proactively recall 1.3 lakh units of WagonR, Baleno

New Delhi | By Asian News International | Posted by Prashasti Singh
PUBLISHED ON JUL 15, 2020 11:43 AM IST
Owners of the suspected vehicles under this recall campaign will be contacted by Maruti Suzuki authorised dealers in due course of time, Maruti Suzukisaid in a statement.
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