| Maruti Suzuki India Limited Related news |
Maruti Suzuki to examine captive finance company for easy loans
Posted on 6th September 2019 |
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Maruti Suzuki will examine the possibility of having a captive finance company, which will help in reducing dependence of its customers and dealers on banks and NBFCs, which have been cautious in lending following a year-long slump in vehicle demand. Shashank Srivastava, executive director, sales and marketing at Maruti Suzuki, said globally manufacturers have captive finance companies which are successful. “We will examine the option and look at India-specific requirements,” Srivastava told FE. |
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Maruti Suzuki to keep plants shut for two days to tackle sales slowdown
Posted on 4th September 2019 |
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Maruti Suzuki India Ltd, hit by a severe slowdown in demand for automobiles, has decided to keep its two plants in Haryana shut on 7th and 9th September. The company, in a notice to the stock exchanges today, said the two days will be counted as ‘no production days’. |
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Maruti cuts output by 34% in August
Posted on 3rd September 2019 |
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Maruti Suzuki India, India’s top carmaker, has reduced its production by 33.99% in August, making it the seventh straight month that the country’s largest car maker reduced its output. The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month, it informed the BSE on Monday. |
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Facing sales slump, market leader Maruti Suzuki slashes 3,000 contract jobs
Posted on 28th August 2019 |
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Maruti Suzuki has not renewed the contracts of 3,000 temporary employees across its manufacturing plants, chairman RC Bhargava said on Tuesday, as the company has been cutting production since February this year to control inventory pile-up amid a slowdown in demand. Bhargava said over the past year, multiple factors led to an increase in final cost of cars, affecting their affordability. |
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Car sales slump: Buyers’ sentiment should get a boost, says Maruti chairman RC Bhargava
Posted on 26th August 2019 |
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With the government having rolled out measures to facilitate an additional `5 lakh crore of bank loans and pushing back the timeline for the one-time registration fee, RC Bhargava believes the auto industry can now look forward to a different environment. Till last Thursday, the chairman of Maruti Suzuki had been reluctant to call an upturn in the festive season but now he believes the environment could change. |
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Maruti Suzuki recalls 40,618 units of WagonR
Posted on 24th August 2019 |
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Maruti Suzuki will recall 40,618 units of its small car WagonR to rectify a possible issue of fuel hose fouling with metal clamp, reflecting yet another instance of growing recalls over the last few years. The recall campaign is for the vehicles fitted with 1-litre engine and manufactured between November 15, 2018 and August 12, 2019. |
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Maruti offers free five-year warranty to tide over sales slump
Posted on 21st August 2019 |
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To arrest the fall in demand for diesel cars, Maruti Suzuki has announced it will offer free warranty for five years or 1 lakh km to customers across the country on models such as Dzire, Swift, Vitara Brezza and S-Cross. The development comes after sales of Maruti’s diesel engine fell after the announcement made by the company to stop manufacturing these vehicles from April 1, 2020, when the BS-VI emission norms will come into effect. |
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Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Posted on 17th August 2019 |
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Over 3,000 temporary employees have lost jobs with the country’s largest carmaker Maruti Suzuki India (MSI) due to the ongoing slump in the automobile industry, a top company executive has said. MSI Chairman R C Bhargava said contracts of the temporary workers were not renewed due to the slowdown while asserting that permanent workers have not been impacted. |
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Maruti starts booking for new MPV XL6
Posted on 10th August 2019 |
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PUNE: Maruti Suzuki, India's biggest car maker, on Friday officially started accepting bookings with a down payment of Rs 11,000 for its upcoming new model — Maruti Suzuki XL6, the multi-purpose vehicle or MPV with six seats. The company will announce its price on August 21, the launch day at New Delhi. According to experts it could be tagged around Rs 9.50 lakh — 10.50 lakh in a fiercely competitive car market in the country. |
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Maruti Suzuki sales witness massive 33.5% decline: Alto segment shrinks by almost 70%!
Posted on 1st August 2019 |
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Unenthusiastic market sentiments have lead to the country's leading automobile manufacturer, Maruti Suzuki, observe a substantial decline in its sales for the month of July 2019. The Indo-Japanese automaker sold a total of 1,09,264 units during last month. In comparison, during the same month last year, the sales for the carmaker stood at 1,64,369 units. |
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