Automobile exports from India declined 5.5 per cent in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23. Commenting on the drop in overseas shipments last fiscal, SIAM … Read more
India’s heartbeat index Sensex, which crossed the 75,000 milestone in Tuesday’s session, had broken the 25,000 barrier 10 years ago on May 16, 2014, when Prime Minister Narendra Modi won the Lok Sabha elections. This translates into a return of three times on the index itself. The market capitalisation of all BSE-listed stocks on that … Read more
Maruti Suzuki on Wednesday announced steep price hikes for Maruti Swift and some variant of Grand Vitara, amid rising commodity prices which India’s largest carmaker perhaps wants to pass on to customers. Maruti raised prices of Swift by up to Rs 25,000 and Grand Vitara Sigma variant by Rs 19,000, the company said in a … Read more
Maruti Suzuki, the country’s largest carmaker, on Wednesday raised prices of its hatchback Swift and select variants of its sport-utility vehicle model, Grand Vitara. Prices of the Swift have been increased by up to Rs 25,000 while only the Sigma variant of the Grand Vitara got an increase of Rs 19,000, the company said in … Read more
Maruti Suzuki has applied for Bharat New Car Assessment Programme (Bharat-NCAP) safety ratings for some of its vehicles, a senior government official has said. Last year, Tata Motors’ SUVs Safari and Harrier became the first recipients of the safety rating for adult and child occupant protection as per Bharat-NCAP. The SUVs were given 5-star rating. … Read more
Toyota Motor Corp’s Indian subsidiary is embarking on the most aggressive sales expansion plan in its more than 25-year-old presence in the country. This will see the maker of Fortuner and Innova Hycross models establish a footprint in India’s smaller cities with select re-badged versions of comparatively affordable car models from Maruti Suzuki (India) as … Read more
New Delhi, Maruti Suzuki India on Tuesday said it has expanded the production capacity of its Manesar facility by one lakh units per annum. The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants functioning at Manesar, in Haryana. “The new vehicle assembly line has the capability … Read more
Brokerage firm BofA Securities has an underperform rating on Paytm while Morgan Stanley recommends an overweight stance on Maruti Suzuki. Meanwhile, JPMorgan has an overweight rating on Exide Industries and BofA Securities upgraded Infosys to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on … Read more
Mumbai: Most auto company stocks made fresh highs on Monday in anticipation of strong March quarter results from them. Traders created fresh bullish bets on auto stock futures as the recent outperformance is expected to continue through the current valuations may be reflecting most of the optimism around the share prices. Maruti Suzuki, Mahindra & … Read more
Maruti Suzuki has kicked off the new fiscal year with exciting offers on its Nexa range, with discounts of up to Rs 1.5 lakh available on popular models like Baleno, Fronx, Jimny, and more. These discounts come in the form of cash discounts, exchange bonuses, and corporate discounts. However, the XL6 and flagship Invicto MPV … Read more
