Maruti is developing SUVs to take on the likes of Tata Hexa and Mahindra XUV 500. SUV-styled hatchback to challenge Renault Kwid also in pipeline.
“For us, the priority is higher in getting from BS IV to BS VI than in just adding hybrids. NOX emissions will reduce by 80% once we move to BS VI," Folger said.
The companies want to lure prospective buyers who could delay purchases expecting a price cut when GST comes into effect on July 1.
While making the announcement, GM assured that it will honour all warranties and provide after-sales support to customers and was in talks with dealers on a transition plan.
The first of these ASECs was inaugurated by Mr Kenichi Ayukawa, MD & CEO of Maruti Suzuki at ITI Nizamuddin in New Delhi today.
The new prices will be effective tomorrow through the whole of June, but in case GST is deferred, the company said it would revert to the old prices till its rollout.
Several industry executives and experts expect vehicle prices to reflect the change in rates. Higher input costs will also likely influence price revisions in July
A premium car company and a bank recently jointly organised a drawing competition for children in a condominium in Gurgaon.
Tesla founder says 30% local sourcing norm hard to meet as India doesn't have the supply support. Surprised govt and industry body say the clause doesn't exist.
Commercial vehicle sales fell 23% in April to 41,490 units, the lowest since November 2009, when the volume was 40,855 units.
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