Bhargava also said it crucial to develop hybrid technology for low cost cars and that Maruti Suzuki and Suzuki Motor Corporation are working on that.
"The more accurate reflection of demand is that for the festive season (august to october), MSIL sales have grown by about 14% compared to last year", said Kalsi.
At Maruti Suzuki, executive director for sales & marketing RS Kalsi said the major proportion of sales at around 70% comes in from petrol cars.
A senior spokesperson at Hero MotoCorp said, “We have already crossed one million units in sales this festive period even before Dhanteras.
Total income from operations in the period under review went up by 15% to Rs 8448.74 crore.
The e2o Plus can travel up to 140 km and can achieve a top speed of 85 kmph.
Product under development in the medium duty segment will not be launched in India as JV partner Eicher, through VE Commercial Vehicles, has about 33 per cent share in the category.
Several people tracking the ongoing GST Council meeting said the proposed tax structure will see a uniform rate of 26% on cars.
The Indian ride-hailing market is burgeoning with growth in smartphone and internet users using ride-sharing services for daily commute.
Maruti Suzuki will now offer customers choice of personalising vehicles from yellow seat covers or customised rear seat entertainment systems.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon