It is suspected that there is a possible defect in bolt torquing, which in a rare case, may loosen in the long run, Maruti Suzuki India on Friday said.
Once these EVs come out, they will be in the upper segment of the market in the beginning,” Bhargava told shareholders at the company’s annual general meeting. He added,
Maruti Suzuki, Escorts Kubota and Hero Honda collaboration were some of the success stories that India has witnessed.
The firm expects demand for Alto to remain robust even as there is a shift towards SUVs for many Indian car buyers now.
The indigenous four-wheeler industry was kickstarted in the 1940s with the establishment of Hindustan Motors and Premier Automobiles Limited who garnered most of the market share till 1970s.
The combined domestic PV sales of top carmakers grew 17% in July 2022 to 290,930 units against 248,021 units sold in July 2021.
JLR posted revenue of 4.4 billion pound in the first quarter, down 7.6% from the fourth quarter of FY22, impacted by supply challenges including semiconductor shortages.
In Asia, markets in Seoul and Tokyo ended higher, while Shanghai and Hong Kong settled in the red.
In April-June 2021 quarter Maruti Suzuki posted a consolidated net profit of Rs 440.80 crore.
Maruti Suzuki recently launched the all-new Brezza. It is bigger, better and comes loaded with tech features
The production of the SUV will begin next month and delivery is expected to commence from September.
Maruti Suzuki is gearing up for unveiling its first midsize petrol-electric hybrid SUV on July 20.
Maruti Suzuki on Thursday launched its new version of compact SUV - Brezza - at a starting price of Rs 7.99 lakh.
Toyota Motor Corporation and Suzuki Motor Corporation had signed a memorandum of understanding for a business alliance in 2017.
India’s largest carmaker Maruti Suzuki India (MSIL) has confirmed that its compact SUV Brezza will be the company’s first car in its history to get an electric sunroof.
The carmaker said the government’s decision may even impact jobs in the auto sector, going ahead.
On Thursday, the carmaker said that its new plant spread across 800 acres involves total investment of about Rs 18,000 crore.
Carmaker Maruti Suzuki is all set to begin work on its third plant in Haryana, after Manesar and Gurugram. The plant will come up in 900 acres of land.
With vast experience in the international operations at SMC as well as in overseas markets, he had been on the Board of Maruti Suzuki since July 2019.
Existing plants at Gurugram and Manesar have capacity of 15,80,000 units, while Gujarat plant can manufacture 5 lakh units per annum