The move will result in around 25 per cent reduction in overseas shipments from the company's Chennai plant this year at 1.9 lakh units compared to 2.53 lakh units last year.
Maruti Suzuki India will launch the mid sized sedan Ciaz, an LCV and the XA Alpha based compact SUV in the next 12 months to strengthen its hold in the domestic market.
Maruti Suzuki India, Hyundai, Honda and Toyota today posted growth in domestic sales in July signalling revival in the automobile market that has been under a prolonged slump.
Japanese auto major Suzuki Motor Corporation's (SMC) Chairman and CEO Osamu Suzuki today called on Prime Minister Narendra Modi. The meeting has been described as a "courtesy call" by the Prime Minister's Office.
Tata Motors-owned Jaguar Land rover will hold the global premiere of the new Jaguar XE luxury sedan in London on September 8 with which it is looking to bring new levels of aluminium-intensive lightweight construction expertise to the segment.
Significant contributor to this growth has been the flagship S-Class sedan and the ML-Class SUV and the NGC (new generation cars) portfolio comprising the A-Class and B-Class, the company said in a statement.
Fiat said the vehicle bearing the Fiat Professional brand would be an Italian design, built on a Renault platform at a plant in France. The first vehicles will be produced in 2016.
TVS Motor Company today reported a 39.42 per cent increase in its standalone net profit to Rs 72.32 crore for the quarter ended June 30, on account of robust sales.
Country's largest carmaker Maruti Suzuki India continues its dominance on the Indian roads with its four models, led by entry level small car Alto heading the top ten best sellers list in April-June quarter this fiscal.
The Air Force was rapped by the CAG for "irregularities" in procurement of more than 100 expensive Mahindra Scorpio and Toyota Innova vehicles against the procurement provisions to replace existing ones.
Mahindra Two Wheelers plans introduce up to four new products, including a scooter, a bike in entry level segment and variants of existing products, this year as it looks to scale up presence in the market.
Maruti Suzuki India signed an MoU with Muthoot Vehicle and Asset Finance (MVFL) to enable customers avail 100 per cent finance for Maruti cars. The vehicles would be funded by MVFL and the down payment for it would be financed by Muthoot Finance.
Domestic passenger car sales increased 14.76 per cent to 1,60,232 units in June as compared to 1,39,624 units in the year-ago month. Motorcycle sales last month climbed 9.63 per cent to 8,76,196 units from 7,99,254 units a year earlier.
Country's largest two-wheeler maker Hero MotoCorp has commenced setting up of its USD 70 million (around Rs 420 crore) manufacturing facility in Colombia, as part of its plans to expand its global footprint to as many as 50 countries by 2020.
The US Army is embracing systems which will provide increased situational awareness and decrease the probability of accidents using safety features such as obstacle detection, collision avoidance, lane departure, tip-over warnings and vision enhancements for low-visibility conditions.
Tata Motors is looking at launching a couple of models each year till 2020 as the company looks to ramp up its portfolio in the competitive Indian car market. The new vehicles will also cater to global markets and service various attractive segments.
Just 50 automobiles and four motorcycles have been sold in Cuba in the nearly six months since a new law took effect that let islanders buy vehicles from state-run dealerships without a special permit for the first time in decades, authorities said Monday.
The team announced the sale on Wednesday with immediate effect, meaning Caterham will be under new ownership and management for this weekend's British Grand Prix.
Buoyed by excise duty reduction, domestic car sales saw an upswing in June with major firms, Maruti Suzuki, Hyundai, Honda, Mahindra & Mahindra, Toyota and Ford reporting growth.
Ford India today reported 36 per cent increase in total sales at 11,935 units in June this year. It had sold 8,771 units in the same month of last year, Ford India said in a statement.
