The automaker raised prices of some models last year to help offset higher input costs. But that didn't deter buyers as company says there is 'no lack of demand'.
India is a market for low-priced cars with low running costs, and global majors don’t have the models to match Maruti and Hyundai’s entry-level vehicles.
Maruti is expecting the global semiconductor crunch to last for about a year. The global chip shortage has crippled production and climbing commodity prices has raised input costs.
India's emissions curbs, due to take effect next year, are critical for its push to tackle some of the world’s worst air pollution, which costs the country 8.5% of its GDP.
Net income fell 9.3% to Rs 11.7 billion in the three months ended March 31, Maruti Suzuki said in a statement; revenue for the fourth quarter rose 32% year-on-year to Rs 240.2 billion.
For many manufacturing firms in India, Modi govt's decision to open up vaccinations for all & allow private sector to directly purchase vaccines was a long pending demand.
Maruti Suzuki India chairman says the automaker is expecting retail sales in December to be good as there are pending orders with its dealerships & plants are running at 'full capacity'.
India’s automobile market is going through its worst slowdown ever, and an industry group doesn’t expect sales to rebound to pre-crisis levels for at least another four years.
As Park Street now anticipates the Christmas lights, Bangla cinema eyes a harmony. Colliding heritage, devotion and some detective grit, the year-ender comes with a rediscovery.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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