
Maruti plans 6 EVs by 2030; eyes 15% volumes
While Suzuki has earmarked ¥2 trillion for electrification-related investments, it has plans on using biogas for its CNG models that account for about 70% of the CNG car market in India
While Suzuki has earmarked ¥2 trillion for electrification-related investments, it has plans on using biogas for its CNG models that account for about 70% of the CNG car market in India
With this, Kamarajar Port has become the fourth port, after Mumbai Port, Mundra Port and Pipavav Port, which will be used by the automobile manufacturer for the export of its vehicles globally.
At 28%—the highest slab of GST—and a compensation cess ranging between 1% and 22%, India's policy of heavily taxing passenger vehicles is dulling the prospects of growth in the industry, says Bhargava
The company has recalled the suspected vehicles for inspection and replacement of the faulty part, free of cost.
While the share price of Tata Motors, Mahindra & Mahindra, and Maruti Suzuki dropped up to 3%, the nifty auto index plunged 1.09% at 13,048 points.
The ratings agency says the demand for passenger vehicles has remained healthy since the beginning of the calendar year, led by strong demand and an easing up of semiconductor shortages.
The shortage of electronic components had a minor impact on the production of vehicles, says Maruti Suzuki.
The development comes days after the auto major on Friday reported a four-fold jump in net profit to ₹2,061.5 crore during the July to September quarter this year.
Shares of Maruti Suzuki rose as much as 5.6% to ₹9,548 on the National Stock Exchange.
India needs a new regime to stem the outflow of $8.6 billion a year for using intellectual property of foreign entities. Here's the road ahead.