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Maruti starts booking for new MPV XL6
Posted on 10th August 2019
PUNE: Maruti Suzuki, India's biggest car maker, on Friday officially started accepting bookings with a down payment of Rs 11,000 for its upcoming new model — Maruti Suzuki XL6, the multi-purpose vehicle or MPV with six seats.

The company will announce its price on August 21, the launch day at New Delhi. According to experts it could be tagged around Rs 9.50 lakh — 10.50 lakh in a fiercely competitive car market in the country.

The Ertiga-based Maruti Suzuki XL6 gets a more upright nose with a flatter hood, along with a new trapezoidal grille design with dual chrome strips at the centre.

It sports a chunky look upfront, with unique design elements below the LED headlights.

"The XL6 is an exclusive 6-seater premium MPV, designed to meet the aspirations of evolved and discerning NEXA customers," Shashank Srivastava, Executive Director, Marketing and Sales at Maruti Suzuki India, said.

The new MPV is high on comfort and convenience along with an array of safety features, he boasted.

The new XL6 is likely to be priced Rs 50,000 more than the Ertiga.

Related Companies: Maruti Suzuki India Limited   

Other Latest News
Bharat Gas gets five-year loan from Bank of Baroda for ₹3,100 crore
Posted on 23rd September 2019
Mumbai: Bharat Gas Resources Ltd (BGR) a wholly-owned subsidiary of Bharat Petroleum Corporation Ltd (BPCL), has signed a five-year loan agreement with Bank of Baroda for ₹3100 crore, according to two officials aware of the deal.

The company will use the loan to fund expansion of its city gas distribution business. BGRL has a board approved borrowing limit of ₹4000 crore.


ITC shares up 9% as no cess on cigarettes was increased
Posted on 23rd September 2019
Mumbai: Shares of ITC Ltd on Monday surged over 9%, its biggest jump since March 2016, after the GST Council meeting did not announce any increase in cess on cigarettes.

The stock touched a high of ₹260.30 on the BSE and gained as much as 9.3%, its maximum gain since March 2016. At 9.40 am, the scrip was trading at ₹256.30, up 7.6% from its previous close. The stock’s market cap increased by nearly $3.66 billion.


SBI to adopt repo rate as external benchmark for all floating rate loans from October 1
Posted on 23rd September 2019
State Bank of India on Monday said it will adopt repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans, from October 1, 2019.

On September 4, the Reserve Bank of India (RBI) had mandated all banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises (MSMEs) to an external benchmark from October 1 onwards.


Rupee slips 9 paise to 71.03 against U.S. Dollar in early trade
Posted on 23rd September 2019
The Rupee opened marginally lower by 9 paise to 71.03 against the U.S. Dollar in opening trade on September 23, as rising crude oil prices and concerns regarding U.S.-China trade war kept investors edgy.

Forex traders said reports that the U.S. is likely to ramp up pressure on China by raising existing tariffs if a trade deal is not reached soon between the two countries, weighed on the domestic currency.


Power struggle: RK Singh asks NTPC to buy stressed units
Posted on 23rd September 2019
The power ministry has asked state-run NTPC to bid for potentially viable projects in the National Company Law Tribunal (NCLT) and acquire them if the prices are attractive.

Power minister RK Singh told FE that he had asked NTPC to take a look at all the plants undergoing the CIRP process. “I have asked them to identify the ones with good machinery,” Singh said.


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