Leading Indian automobile companies are facing the impact of a recent credit squeeze from banks in neighboring export markets like Sri Lanka and Nepal. Those impacted include Maruti Suzuki, Renault, Nissan and Bajaj Auto among others.

The development comes on the heels of demonetisation.

A court here will deliver today the quantum of punishment in a case of violence and rioting at Maruti Suzuki India Ltd's (MSIL) Manesar plant in 2012 in which a senior officer was burnt alive.

The court of additional district and sessions judge R P Goyal reserved its order after argument of the prosecution and defence over the quantum of sentence today.

Our analysis suggests that the Gujarat plant of Suzuki will be margin accretive to MSIL from FY2019 due to VAT incentives received by Suzuki for the plant for sales in Gujarat and richer product mix as the company prioritises Baleno production at this plant. We maintain our Add rating and target price of R6,400 on the stock as we believe upside is limited from current levels due to expensive valuations.

NEW DELHI: After nearly five years of trial, a Gurgaon court in Haryana today convicted 31 people and acquitted 117 other in the deadly 2012 Maruti Suzuki factory violence case, in which a manager was set on fire by a mob.

The quantum of punishment will be announced later today.

After trading in a range all through the Thursday's session, the benchmark indices eventually settled marginally higher ahead of the exit poll results of state elections due later in the day.

The S&P BSE Sensex ended at 28,929, up 27 points, while the broader Nifty50 closed at 8,927, up 3 points.

India's largest car maker Maruti Suzuki is gearing up to introduce four new products in 2017-18.

The company, which has been bringing about two new products each year in the past couple of years, is accelerating the introduction with an eye to strengthen its hold in the market.

Hyundai Motor India discontinued the successful little Santro in 2015 and since then has been missing out on the segment. However, the road's not closed for Santro as the company is planning to launch an all-new one as reported by us in November, 2016. It is expected that the manufacturer will retain the tall boy design hatchback in 2018, while adding new features and cosmetic changes. Hyundai had discontinued the Santro and that slot is now being covered with the old i10. When launched, the new Santro will be positioned between the Eon and Grand i10 in the company's model lineup. The hatchback will be developed by the Hyundai R&D team at the Indian centre.

The country's largestcar-makerr Maruti Suzuki India (MSI) on Wednesday reported a 10.9 per cent increase in total sales at 1,30,280 units in February as against 1,17,451 in the year-ago month.

The company's domestic sales stood at 1,20,735 units, up 11.7 per cent from 1,08,115 units in February last year, MSI said in a statement.

Homegrown carmaker Maruti Suzuki has opened online booking for its high-performance Baleno RS, it informed the BSE. The Baleno RS can be booking through the NEXA website.

The Baleno RS will be the first high-performance car to be sold at NEXA and will be launched on March 3, 2017. It can be booked online for a token amount of Rs 11,000.

The country’s largest carmaker Maruti Suzuki India (MSI) is investing another Rs 1,900 crore till March 2019 on enhancing the R&D centre here for cutting time of new product development and to expand infrastructure for evaluating vehicles’ safety. The company has already invested around Rs 1,900 crore on the first phase of development at the R&D centre that houses various facilities, including vehicle testing and evaluation labs.

“In the second phase we will have facilities dedicated for transmissions, engines, emissions controls among others. These will come up at the centre over the next few years,” MSI Executive Director R&D, C V Raman told reporters here.

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