India’s passenger vehicle industry is set to lose 500,000-600,000 units in production and more than $5 billion in revenue this fiscal year due to the global shortage of semiconductors, say industry executives.
Tag: Maruti Suzuki
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Maruti Suzuki cars experience a price hike
According to a regulatory filing, Maruti Suzuki India Limited (MSIL) has experienced a price hike of 1.9% on its entire product line which includes Swift, Baleno, Ciaz, S-Cross, Alto 800, and S-Presso.
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Two-wheeler sales to improve due to personal mobility needs: ICRA
The prices of entry-level two-wheelers are likely to be impacted due to the sustained increase in commodity prices. Most automakers have resumed operations from the middle of May as infections started to drop.
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Maruti Suzuki, Toyota Scrappage Centre to Start Operations
Maruti Suzuki Toyotsu India Private Limited (MSTI) at Noida, Uttar Pradesh, the vehicle dismantling and recycling joint venture of Maruti Suzuki and Toyota Tsusho Group, may start operations soon.
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EV penetration, transition to happen over 2-3 years: Emkay Global
The first EV conference by Emkay Global expects EV penetration and transition in 2Ws and 3Ws for the next 2-3 years. Emkay is positive about the auto sector and expects a strong cyclical upturn.
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Automakers think dealership closure as negative for the industry
With the second wave of coronavirus, the auto sector has been hit hard. Many major manufacturers have declared production shutdowns and are occupied with the current medical crisis in the country.
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Maruti Suzuki offers help in boosting O2 generator plants production
Maruti Suzuki India supports Airox Nigen Equipments and SAM Gas Projects in boosting their production of oxygen generator plants. The auto brand hopes it will help in the national fight against the pandemic.
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Automotive units halt work in Gurugram, migrant workforce in dilemma
The temporary lockdown in Gurugram and the ensuing shutdown of automotive units has put a huge migrant workforce, who come from far-off states, in confusion about whether they should wait and watch or head back home
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Maruti Suzuki closes Gurugram and Manesar facilities
In a bid to take all the recommended precautions necessary to combat the challenge of Coronavirus (Covid-19), Maruti Suzuki, a leading passenger car manufacturer, the company has held that its operations will be shut till the further notice from the government authorities.
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Maruti Suzuki to showcase Concept FUTURO-e at Auto Expo
With a vision to revolutionise green mobility, Maruti Suzuki India Limited will premiere its electric concept: FUTURO-e at Auto Expo, The Motor Show 2020.