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India’s Top Carmaker Maruti Aims to Gather Sales from Rural Regions

Posted by Carzy Team on July 16th, 2012

Maruti Suzuki’s leadership in the Indian auto market is flourishing with time and now the automaker is aiming to gather volumes from the rural regions of the country. Betting big on remote areas, where the carmaker sells atleast one model of every three cars sold, it is planning more efforts to enhance the sales count. And till 2015-16, Maruti has a keen focus to make rural market contribute half of the company’s total sales.

The present situation of the market is sluggish and mostly all major auto giants are looking forward to new options. So to beat the flaws, in last three months India’s leading carmaker has unveiled 23 new retail outlets in few town and small hamlets.

 
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Tata Motors JLR business brings smiles, domestic one disappoints

Posted by Carzy Team on February 14th, 2012

Tata Motors, India’s largest automobile maker, has registered amazing growth figures of 40.5 percent for its Jaguar Land Rover subsidy whereas the performance in the domestic market did weakened. Its profit figures have shoot up with the increasing demands of luxury vehicles in the Chinese auto market and several others.

Inspite of the dip in domestic sales, the massive growth of JLR soared up the overall growth rate of the Tata Motors. From the last year’s Rs 2,424 crore the earning leaped up to Rs 3,406 crore in December. As per analysts, on revenue of Rs 41,673 crore a net profit of Rs 2,613 is gained. Forming these as the bases imagine the profit gained at JLR which had its total revenue around 3.75 billion pounds (a 41 percent rise) mainly due to the raising demand of its Range Rover Evoque SUV.

 
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Mahindra Hikes The Price Of Its Vehicles By Up To Rs 8,000

Posted by Carzy Team on September 29th, 2010

The giant Indian utility vehicle maker, Mahindra & Mahindra has increased the price of its vehicles across all segments including both commercial and passenger vehicle segments. The price increase would be effective from the 1st of October 2010 and will be varying from Rs 3,000 to Rs 8,000, depending on the model. The company has blamed the rising cost of input materials and implementation of new emission norms all-over the country for the hike in price of this vehicle.

From the company’s side the price hike was announced by Mr Rajesh Jejurikar, Chief Executive (Automotive Division). He said that been holding back this raise for a while but now it has become imperative to raise prices especially as the prices of raw materials have been on the rise. He also added that the new Bharat Stage III emission norms have also resulted in this price hike.

 
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GM India To Offer Up To Rs 70,000 Discount On Its Cars

Posted by Carzy Team on September 27th, 2010

In a bid to make the most of the high demand for cars in the upcoming season, the leading Indian car maker Generals Motors India has decided to offer lucrative discounts on its cars in the country. According to some news reports, the company is going to offers a high discount on its cars in India, ranging from Rs 12,000 to 70,000. Interestingly, unlike many major car makers who are planning to hike the price of their cars in the country, GM India has decided to offer discounts on its vehicles.

Recently, Mr. P Balendran, vice president (corporate affairs) at GM India, told to reporters that the company has not hiked the prices of its cars and instead it has decided to give discounts from Rs 12,000 to Rs 70,000 on different models of its cars soon. He was speaking at occasion of the inauguration of the company’s LNG unit at Halol.

 
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Maruti Projects Lower Sales Growth For 2nd Half Of This Fiscal

Posted by Carzy Team on September 18th, 2010

The Indian auto giant Maruti Suzuki stated on Wednesday that it is expecting the ongoing high growth momentum to slow-down a bit in the remaining months of the current financial year. It is to be mentioned here that the company had registered more than 25 per cent growth during the first half of the financial year 2010-11. It has sold more than at 4,88,972 units of its vehicles in the country during Apr-Aug 2010 period as compared to the3,89,611 units sold in the same period last year.

According to a statement given by company’s ) Chief General Manager (Marketing) Shashank Srivastava to the reporters, the ongoing high growth will be tough to maintain as in the second half the current financial year,  growth will be moderate compared to the first half.  The company hasn’t put any expected sales figures for this period.

 
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