Passenger vehicles production stood at 1,21,381 units last month as compared to 1,10,214 units in August 2019, a growth of 10 per cent.
Experts said demand for smaller cars and two-wheelers will continue to remain high as more and more people are opting for personal mobility over public transport amidst coronavirus outbreak.
Early-stage startups will get incubation support and a chance for potential partnership with Maruti Suzuki to fast-track the growth of their venture.
'Alto is India's first entry level car to become BS-VI compliant coupled with the latest crash and pedestrian safety regulation,' Maruti Suzuki claimed.
On the diesel and petrol debate, Bhargava said that the pricing policy for diesel and petrol seems to have changed.
Sales of mini cars comprising Alto and WagonR stood at 17,258 units as compared to 11,577 units in the same month last year, up 49.1 per cent.
It had reported a net profit of Rs 1,435.5 crore during the same quarter last year.
Net sales declined to Rs 3,679 crore in the first quarter as against Rs 18,738.8 crore in the year-ago period, MSI said in a statement.
'Owing to the global pandemic, it was an unprecedented quarter in the Company’s history wherein a large part of the quarter had zero production and zero sales,' the company said.
The auto major may look at having a bigger BS-VI diesel engine at a later stage if there are enough customers for diesel-powered big SUVs and sedans.
Owners of the suspected vehicles under this recall campaign will be contacted by Maruti Suzuki authorized dealers in due course of time, MSIL said.
The two partners will leverage the strong reach of over 3,000 Maruti Suzuki outlets and more than 4,500 Axis Bank's branch network.
The auto major has tied up with ORIX Auto Infrastructure Services Limited, a subsidiary of ORIX Corporation, Japan, to launch Maruti Suzuki Subscribe for the Indian market.
The three carmakers' sales declined around a half in June on a year-on-year basis, but fared far better than nil sales in April and over 80 per cent year-on-year slump in May.
Apart from 'attractive rates of interest', the partnership will offer loans to customers with non-income proof as well, it added.