India’s first automobile in-plant railway siding project (of Maruti Suzuki) was inaugurated by PM Modi in Gujarat on March 12. The project is at Hansalpur in Gujarat’s Mehsana district. Modi inaugurated it virtually from a function in Ahmedabad. Modi also inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch … Read more
India’s first automobile in-plant railway siding project (of Maruti Suzuki) was inaugurated by PM Modi in Gujarat on March 12. The project is at Hansalpur in Gujarat’s Mehsana district. Under the project, Maruti will increase the use of railways for dispatching finished cars from 26% to 40% annually, saving 50,000 truck trips, 35 million litres … Read more
ET Intelligence Group: Popular Vehicles & Services, a car dealership chain with a presence in Kerala, Tamil Nadu, Karnataka and Maharashtra, is planning to raise up to ₹601 crore from an initial public offering. The amount includes a fresh issue of shares worth ₹250 crore, with the proceeds to be used for the repayment of … Read more
The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by better-than-expected economic … Read more
Maruti Suzuki India is gearing up for a strong SUV push with at least six out of ten new models planned for the next three years starting FY25 being sports utility vehicles (SUVs), reinforcing the Japanese carmaker’s strong intent to sharpen focus on the vehicle body type amid a rapid shift in buyer preference. The … Read more
Sales of cars, sedans and utility vehicles in the local market increased in healthy double-digits to their best-ever level for the month of February at 373,177 units on back of better supplies and sustained consumer demand. As per industry estimates this is an increase of 11.3% over 335,324 units sold in the same period last … Read more
Maruti Suzuki India on Friday said it has reported a 15 per cent year-on-year increase in total wholesales at 1,97,471 units in February. The company had dispatched a total of 1,72,321 units in the same month last year, Maruti Suzuki India Ltd (MSIL) said in a statement. The total domestic passenger vehicle sales grew 9 … Read more
Maruti Suzuki India on Tuesday said it has inked an initial pact with Union Bank of India for dealer financing solutions. The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country, the auto major said in a statement. MSI (Maruti Suzuki India) Senior Executive Officer (Marketing & … Read more
US auto major, Ford is planning to re-enter India with major focus on electric vehicles, according to a report. The Hindu Business Line claimed that the carmaker, which existed India in 2021, is planning to use Chennai manufacuring facilities. Meanwhile, another report from the Times of India suggests that Ford has filed design patents for … Read more
New Delhi, There is no other country in the world better placed than India in terms of future growth, Maruti Suzuki India Chairman RC Bhargava said on Monday. Speaking at an event here, the veteran industry leader noted that the country needs to get rid of the old baggage of various defunct laws, regulations and … Read more
