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New Delhi, Sep 3 (PTI) Maruti Suzuki India is looking to roll out more sports utility vehicles, including one for the premium segment, as it aspires to lead the robustly growing vehicle segment, its MD and CEO Hisaschi Takeuchi said on Wednesday. The success in the SUV segment would also play a key role in the company regaining market share in the overall domestic passenger vehicle market, he noted. SUVs now account for around 55 per cent of the overall passenger vehicle sales in the country. ...Read More >
PUNE: Maruti Suzuki, India's biggest car exporter, on Monday said it has started exporting its new e-Vitara, Suzuki's first battery electric vehicle, to 12 European countries, marking India's entry into the global electric vehicle market. The exports which started last month reinforcing Maruti Suzuki's position as a global hub for EV manufacturing under the government's 'Make in India, Make for the World' vision. Manufactured at its Hansalpur plant in Gujarat, the automaker shipped 2,900 e-Vit ...Read More >
Mumbai: The Indian equity indices fell sharply to end the session nearly one per cent lower on Thursday -- a day after the 50 per cent US tariffs on Indian goods came into effect. Sensex ended the session at 80,080.57, down 705 points or 0.87 per cent. The 30-share index started the session in negative territory at 80,754 against last session's closing of 80,786.54 amid selling across the sectors. The Index further extended the losing momentum to hit an intra-day low at 80,013.02 following the ...Read More >
Mumbai, Aug 28 (SocialNews.XYZ) The Indian equity indices fell sharply to end the session nearly one per cent lower on Thursday -- a day after the 50 per cent US tariffs on Indian goods came into effect. Sensex ended the session at 80,080.57, down 705 points or 0.87 per cent. The 30-share index started the session in negative territory at 80,754 against last session's closing of 80,786.54 amid selling across the sectors. The Index further extended the losing momentum to hit an intra-day low at ...Read More >
Bhopal: Ahead of the Supreme Court hearing from September 23, an all-party meeting was hosted by Madhya Pradesh Chief Minister Mohan Yadav on Thursday at his official residence, where a formal resolution to ensure the full 27% reservation for Other Backward Classes (OBCs) has been unanimously adopted, marking a decisive shift in the state's legal and administrative posture. Backed by all major parties, the resolution affirms that the remaining 13% of the quota, on top of the 14% already impleme ...Read More >
Mumbai: Stock markets witnessed a sharp fall on Thursday as investor confidence took a hit after the United States imposed additional tariffs on Indian goods. The Sensex fell by 706 points, closing at 80,080.57, while the Nifty dropped 211 points, ending the day at 24,500.90. This comes after US President Donald Trump's decision to impose an extra 25 percent tariff on Indian imports, bringing the total tariff to 50 percent. The move is seen as a response to India's continued purchase of oil from ...Read More >
New Delhi, Aug 28 (PTI) There is a need to introduce small cars entailing a lower tax slab to offer an alternative to consumers at the lower end of the pyramid to shift from "risky" two-wheelers to passenger vehicles, Maruti Suzuki India Chairman RC Bhargava said on Thursday. Speaking at Maruti Suzuki's 44th Annual General Meeting here, noted that with changes in emission and safety regulations over time, the cost of entry-level cars has increased, making them unaffordable for many prospective ...Read More >
Mumbai, Aug 28 (PTI) Stock market benchmark indices tumbled on Thursday, with the Sensex cracking 706 points, as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect. Besides this, persistent foreign fund outflows also dented investors' sentiment. The additional 25 per cent tariff imposed by the US on India came into effect on Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent. The 30- ...Read More >
Need to stay united, must stand up to bullying, says Maruti Chairman RC Bhargava (File image) India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday at the company's 44th Annual General Meeting (AGM) in New Delhi. "It is our duty as Indians to do our very best to promote and maintain our dignity and respect and not give in to any kind of bullying in this ma ...Read More >
NEW DELHI: The country's largest carmaker, Maruti Suzuki India (MSIL), said it is hopeful that the Prime Minister's proposal will reduce the GST on small cars to 18%. MSIL chairman RC Bhargava said it is a matter of happiness that the Government has recognised that there are a large number of consumers at the lower end of the market, and they need some help in these difficult times. "We have talked in the past about the concern about the growth rate of the car industry. I won't dwell on this an ...Read More >
New Delhi, Aug 28 (PTI) India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India Chairman R C Bhargava said on Thursday. Addressing shareholders at the company's 44th Annual General Meeting (AGM) here, the veteran industry leader also noted that reduction in GST on small cars would help in reviving the growth of the industry. "We are all aware of the global uncertainty that has been caused in rece ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including ...Read More >
New Delhi, Aug 28 (SocialNews.XYZ) The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over ...Read More >
Maruti Suzuki India (MSIL) Chairman R C Bhargava on Thursday said India must "not give in to any kind of bullying" after US President Donald Trump's decision to raise tariffs on Indian imports to 50 per cent this month, urging national unity to uphold dignity and support the government. On the domestic front, he said a reduction in GST on small cars could help counter the economic strain created by these tariff measures. "My hope and my expectation is that subject to approvals by the GST Counc ...Read More >
The model will be exported to over 100 countries including advanced markets such as Europe and Japan. Prime Minister Narendra Modi on Tuesday flagged off Maruti Suzuki's first global battery electric vehicle (BEV), the e-Vitara, from the company's Hansalpur plant in Gujarat. The model will be exported to over 100 countries, including advanced markets such as Europe and Japan, positioning India as Suzuki's global manufacturing hub for EVs. PM Modi said that the launch marked a milestone in the ...Read More >
Indian benchmark indices Sensex and Nifty experienced a downturn at the opening on Tuesday. This decline was triggered by concerns regarding potential U.S. trade measures, specifically the proposed tariffs of up to 50% on Indian goods. India's benchmark indices Sensex and Nifty slipped at the open on Tuesday, pressured by worries over U.S. trade measures after the United States issued a draft notice proposing tariffs of as much as 50% on Indian goods starting Wednesday. At 9:32 AM, the S&P BSE ...Read More >
HANSALPUR, India, Aug 26 (Reuters) - Japan's Suzuki Motor (7269.T), opens new tab will invest 700 billion rupees ($8 billion) in India over the next five to six years, its chairman said on Tuesday, as production began on the automaker's first electric vehicle. Suzuki is aiming to defend its lead in the world's third-largest car market, which is also its biggest market by sales and revenue through its majority stake in Maruti Suzuki (MRTI.NS), opens new tab. India will be the global production ...Read More >
Ahmedabad: A day before US President Donald Trump's additional 25 percent tariff kicks in, Prime Minister Narendra Modi on Tuesday, August 26, made a vehement pitch for swadeshi and Make in India that should help create jobs in the country. Swadeshi should be everyone's life mantra and irrespective of who is investing, production must take place domestically, Modi asserted on a day when Japan's Suzuki Motor Corporation committed to invest over Rs 70,000 crore in the country in the next five to ...Read More >
New Delhi: Maruti Suzuki India Ltd on Tuesday started the production of its electric sports utility vehicle (SUV) e-Vitara for exports to 100 countries from its Gujarat factory, marking the beginning of its EV push that contrasts with strategies of its domestic rivals. While Tata and Mahindra began their EV journey by first boosting sales in the domestic market, Maruti Suzuki is producing these cars majorly for exports, with its Japanese parent looking to test its mettle in the global EV market ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
Mumbai, Aug 26 (PTI) Benchmark BSE Sensex tumbled 849 points to close below the 81,000 level on Tuesday due to widespread selling pressure after the US issued a draft notice on the implementation of an additional 25 per cent tariff on Indian products. The 30-share BSE Sensex tumbled 849.37 points, or 1.04 per cent, to close at 80,786.54 with 25 of its constituents ending lower and five with gains. During the day, the index nosedived 949.93 points, or 1.16 per cent, to hit a low of 80,685.98. T ...Read More >
Ahmedabad, Aug 26 (PTI) A day before US President Donald Trump's additional 25 per cent tariff kicks in, Prime Minister Narendra Modi on Tuesday made a vehement pitch for swadeshi and Make in India that should help create jobs in the country. Swadeshi should be everyone's life mantra and irrespective of who is investing, production must take place domestically, Modi asserted on a day when Japan's Suzuki Motor Corporation committed to invest over Rs 70,000 crore in the country in the next five t ...Read More >
New Delhi, Aug 26 (PTI) Nearly one-third of school students take private coaching and the trend is more common in urban areas, the Centre's Comprehensive Modular Survey (CMS) on education has found. The survey noted that government schools play a pivotal role in providing education across India, accounting for 55.9 per cent of total enrolments. "It is higher in rural areas, where two-thirds (66.0 per cent) of students are enrolled, in comparison to urban areas (30.1 per cent). The private unai ...Read More >
Ahmedabad: Calling it a true example of "Make in India, Make for the World," Maruti Suzuki Chairman R.C. Bhargava on Tuesday said the company's Gujarat plant is being developed into a global hub as Prime Minister Narendra Modi flagged off the first batch of the company's electric SUV, 'e-Vitara', and inaugurated India's first lithium-ion battery cell plant at Hansalpur here. Speaking to reporters, Bhargava said the Prime Minister's encouragement has infused fresh energy into the company. "Toda ...Read More >
HANSALPUR, India (Reuters) -- Japan's Suzuki Motor will invest 700 billion rupees ($8 billion) in India over the next five to six years, its chairman said on Tuesday, as production began on the automaker's first electric vehicle. Suzuki is aiming to defend its lead in the world's third-largest car market, which is also its biggest market by sales and revenue through its majority stake in Maruti Suzuki India will be the global production hub for Suzuki Motor's electric cars, with plans to expor ...Read More >
Hansalpur (Gujarat), Aug 26 (PTI) The risk associated with sourcing of lithium due to over dependence on China as the single source is one of the reasons for investors not investing in battery cells manufacturing in India in a major way, Maruti Suzuki India Chairman RC Bhargava said on Tuesday. Speaking at the sidelines of the beginning of exports of Maruti Suzuki India's first electric vehicle e-VITARA to 100 countries, and also the inauguration of production of lithium-ion battery cells for s ...Read More >
Ahmedabad, Aug 25 (PTI) Prime Minister Narendra Modi on Monday declared he can't compromise on interests of farmers, cattle-rearers, small-scale industries, cautioning "pressure on us may increase, but we will bear it", remarks coming two days before the 50 per cent US tariffs on Indian goods kick in. Without taking names, Modi asserted politics in the world now largely revolves around economic interests where everyone is concerned about just themselves even as he pushed for swadeshi and invoke ...Read More >
Benchmark indices rebounded on Monday, with the BSE Sensex climbing 329 points, tracking a rally in global equity markets, on hopes of a potential US Federal Reserve rate cut. Photograph: Shailesh Andrade/Reuters Buying in IT stocks were also instrumental in driving the markets higher. The 30-share BSE Sensex climbed 329.06 points or 0.40 per cent to settle at 81,635.91. During the day, it jumped 492.21 points or 0.60 per cent to 81,799.06. The 50-share NSE Nifty went up by 97.65 points or ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
MUMBAI: Small car prices may decrease by up to 10% if the applicable tax slab is reduced from 28% to 18%. As part of the wider reforms to boost economic growth, the centre has proposed moving from four tax slabs to a simplified two-rate system: 5% for essential items and 18% for most other goods. Luxury and sin products are likely to face a steeper levy of around 40%. "Cars currently are under the 28% GST band and if GST is rationalised to 18% then prices for entry-level cars can come down by ...Read More >
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