Sales of cars priced under ₹10 lakh declining: Maruti Suzuki chairman
Maruti Suzuki chairman R. C. Bhargava says lack of affordability is the key reason for the drop in car sales in the sub ₹10-lakh segment.
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October 2024
September 2024
August 2024
Maruti Suzuki Q2 profit falls 18% to ₹3,102 cr
The profit decline was due to a provision of ₹837 crore resulting from the withdrawal of indexation benefit and change in tax rate on long term capital gains on debt mutual funds
Maruti Suzuki faces ₹139.3 cr tax demand; stock dips
The GST appeals authority commissioner upheld the tax demand for July 2017 to August 2022 related to reverse charge liability on certain services.
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The highest-selling by mutual funds was observed in HDFC Bank, RIL, Apollo Hospitals and Infosys shares.
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The top 5 markets for CNG cars are Maharashtra, Gujarat, Uttar Pradesh, Haryana and Delhi, contributing nearly 70% to total CNG sales.
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"By collaborating early and specifying our needs, we can ensure that the chips required by the industry are developed and produced locally," says Maruti's Hisashi Takeuchi
What Ails Small Car Sales?
Stagnant middle-class incomes and price hikes due to stricter regulations and inflation have hit the segment hard.
Carmakers calibrate dispatches amid inventory pile-up at dealerships
The passenger vehicle industry is estimated to have clocked wholesales of 350,000-355,000 units in August
India needs low-cost small cars: Maruti Suzuki chairman
Small car market will revive and a large segment of people at the lower end who are still scooter owners and want a more convenient, safer mode of transport, says R.C. Bhargava.
CNG cars not as clean as hybrids but better than petrol, diesel: Maruti Suzuki chairman
RC Bhargava says Maruti Suzuki awaits a policy framework that would lead to the promotion of all technologies.
