A career Maruti executive, Srivastava had joined the company straight after an MBA from IIM-Ahmedabad in the late eighties.
Sales of Maruti’s entry level cars saw considerable movement, with the Alto sales picking up sharply since April.
Move to insulate company from being exposed to variation in exchange rate.
Among rivals, the City currently sells about 7,000 units a month and the Verna does about 3,000.
Designed largely in Japan, the Ciaz is being pitched as the most fuel-efficient car in India.
Maruti Dzire Tour sales were up 114.2 per cent at 1,328 units as against 520 units in August ’13.
This new model went onto sale in international markets last year itself.
Sales rise for third consecutive month; Tata Motors, M&M witness sluggish demand.
Major carmakers Maruti Suzuki India, Hyundai, Honda and Toyota…
Sales of Maruti’s compact segment comprising Swift, Estilo, Ritz rose 81 pct to 25K units in July.
Maruti’s net sales during Q1, 2014-15 stood at Rs 11,073.51 crore, up 10.78 per cent (y-o-y)
Maruti recently offered Rs. 55,000 exchange bonus and Rs. 30,000 cash discount on the Ertiga.
The benchmark Sensex almost scaled the record 26,000 level but profit-booking in oil&gas, metal and power shares dragged it down to log the first drop in five days even as trading on the BSE was disrupted for three hours due to network outage.
Upswing not visible in GM India & Tata Motors sales.
The decision to hike diesel, petrol and non-subsidised LPG prices was interpreted by investors as the government’s resolve to take tough decisions.