Japanese auto major Honda Cars today entered the race for entry-level SUVs with the BR-V. The BR-V is pitted against the likes of Hyundai Creta and Renault Duster.
At Maruti, sales grew more than 16% to 1,17,045 units in April in the domestic market, helped by demand for premium hatchback Baleno and Vitara Brezza.
Maruti Suzuki sales grew by 16.2% to 117045 units in April in the domestic market on back on demand for new launches premium hatchback Baleno.
Supreme Court refused to stay a ban on registration on diesel passenger vehicles with 2000 cc and above in the national capital region (NCR).
Hero Electronix and its group companies plan to invest Rs 1000-2000 crore in the next 5-7 years to fund its expansion plans.
“Over the medium term duration, ICRA expects the PV industry to revert to a volume CAGR of 9-10% (domestic + exports)”, the agency said in a statement.
The nation’s largest car maker is out to woo government employees, who it expects will soon have some extra cash in hand thanks to the Pay Panel award.
Maruti Suzuki is looking at acquiring land and leasing it out for future dealerships amid rising real estate prices in the country.
“The ban is totally arbitrary. Why is it 2 litre and not something else? There are 600,000 diesel vehicles in Delhi, a third of these do not conform to Bharat Stage norms," he said.
"We are operationally profitable and are targeting increasing revenue by 2.5 times this year," said Vinay Sanghi, founder and chief executive.
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