Although the sale of units declined from 19,208 units in May last year to 17,039 units in the same month this year, MSI's popular hatchback Swift notched up its position from fourth to first in the SIAM's list.
MSI, the country’s largest passenger vehicle manufacturer, was also able to beat estimates with regard to revenue from operations, which grew by 1.4 per cent y-o-y to Rs 21,459.4 crore with sales volume de-growth of 0.7 per cent on a y-o-y basis.
Suzuki said the company has decided to launch EV in India around 2020 in cooperation with Toyota Motor Corporation. It will commence production of lithium-ion batteries, used in electric-vehicles, at its Gujarat plant in 2020.
Maruti in 2012 had signed an agreement with the Gujarat government for an investment of an estimated Rs 4,000 crore. It was the first time when Maruti had decided to purchase land outside Haryana for its manufacturing unit.
This week, KTM has launched its most affordable motorcycle 125 Duke in the Indian market. Apart from that, Maruti Suzuki Swift and Baleno have clocked some staggering sales, creating records in their own way.
On the day 2 of the Auto Expo 2016, Maruti Suzuki India revealed a bunch of new products including the Ignis crossover concept. The product is based on the iM-4 concept that was unveiled at the 2015 Geneva Motor Show. To be launched during the festive season this year, the Maruti Suzuki Ignis will become […]