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Maruti Suzuki hikes car prices for select models from today
Posted on 10th January 2019
New Delhi: Starting from today, you have to shell out more to buy Maruti Suzuki cars. India’s largest carmaker has announced a price hike of up to Rs 10,000 for select models, owing to the adverse impact of increase in commodity prices and foreign exchange rates, the company said in a press release.

“The cost of company’s vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates,” Maruti Suzuki India said in a regulatory filing last month.

“Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2019,” the statement said.

This price increase varies across different models.

India’s largest carmaker did not specify which car models will become costlier post this price hike.

Earlier, Toyota Kirloskar Motor had announced that it would increase prices of vehicles across models by up to 4% from 1 January 2019, to offset increasing manufacturing costs due to rupee depreciation.

Currently, Maruti Suzuki cars start from the entry-level Alto 800 to the premium crossover S-Cross priced between ₹2.53 lakh and ₹11.45 lakh (ex-showroom, Delhi).

Retail sales of passenger vehicles continued to decline in December.

Related Companies: Maruti Suzuki India Limited   

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Tata Motors launches AMT variants of Tigor; price starts at ₹6.39 lakh
Posted on 18th June 2019
New Delhi: Tata Motors Monday launched automated manual transmision (AMT) versions of its compact sedan Tigor with price starting at ₹6.39 lakh (ex-showroom Delhi).

The company has introduced two variants under its Tigor AMT range - XMA and XZA , priced at ₹6.39 lakh and ₹7.24 lakh, respectively, Tata Motors said in a statement.


Lucknow makes its first road from plastic waste
Posted on 18th June 2019
Several cities in India are finding innovative ways to get rid of the growing menace of plastic. Chennai, Jamshedpur, Pune and Indore found an ingenious way and now Lucknow has joined the bandwagon.

The Lucknow Development Authority (LDA) has started using plastic waste to construct roads as a pilot project. This environment-friendly road is being constructed as a trial from Gomti Nagar Police Station to Indian Institute of Management (IIM) Lucknow.


Pulwama car blast: 2 wounded soldiers die
Posted on 18th June 2019
Two of the around 10 Army personnel injured in a car blast in Pulwama succumbed to their injuries in a Srinagar hospital on June 18.

“Two soldiers, brought to the hospital with severe contusions and concussions, have succumbed to their injuries, while undergoing treatment in the Army’s 92 Base Hospital. We deeply mourn the demise of our bravehearts,” said a Srinagar-based Army spokesman.


Maruti-Toyota tie-up: Analysts seek clarity from Suzuki arm
Posted on 18th June 2019
Analysts have raised concerns over Maruti Suzuki not disclosing more details pertaining to the partnership with Toyota, saying that there is a lack of communication and the company needs to be more open about the collaboration and its implications in the medium and near term.

In a letter to Maruti Suzuki CEO Kenichi Ayukawa, investment management and research firm Sanford Bernstein asked for clarity on what is Maruti offering Toyota in terms of pricing arrangements, who manufactures which model eventually and what kind of manufacturing margins will Maruti earn.


BPCL’s investment plan for Mozambique gas field gets approval
Posted on 18th June 2019
A ministerial group headed by home minister Amit Shah has given its nod to Bharat Petroleum Corporation’s (BPCL) plan to invest $2.2-2.4 billion in the Rovuma Offshore Area-1 gas field in Mozambique. The group — including finance minister Nirmala Sitharaman, commerce and railway minister Piyush Goyal, external affairs minister S Jaishankar and petroleum and steel minister Dharmendra Pradhan — had met on June 4 to scrutinise the investment plan, as it is still to be approved by the Cabinet Committee on Economic Affairs (CCEA).

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