NEW DELHI: Country's largest carmaker Maruti Suzuki India BSE
0.73 % (MSI) expects to receive around 10,000 units of
premium hatchback Baleno this fiscal from the upcoming Gujarat plant of its parent Suzuki that will start production
from early next year.
The Hansalpur-based facility in Gujarat is the Suzuki
Motor Corp's first wholly-owned unit in India.
"The whole project (Gujarat) is on schedule.
We will be selling cars from made in Gujarat from February. That remains, there
is no change in that. During this financial year about 10,000 cars from Gujarat
will be produced and delivered to us for sale," MSI Chairman R
C Bhargava said.
Suzuki has envisaged a total investment of
around USD 1,400 million on the plant which will house two vehicle assembly
lines of 2.5 lakh units per annum each and an engine plant. It will roll out
Baleno from the first assembly line.
Suzuki will supply vehicles and components
exclusively to MSI from the plant. India is the biggest market for Suzuki,
which owns 56 per cent of Maruti Suzuki India - the country's biggest automaker
controlling nearly half of the market.
MSI's two units at Gurgaon and Manesar have a
total production capacity of 1.5 million units annually.
Source : Maruti
Suzuki India to get 10,000 Balenos from Suzuki's Gujarat plant this fiscal
DELHI: The country’s largest car maker Maruti Suzuki BSE 0.71 %, which has in recent times made a strong pitch in the
midsize market with the Vitara Brezza, the Baleno and the
Ciaz, is looking to launch a small car in the next three years to strengthen
presence in the entry-car space.
“We are working on a pipeline of products across
segments, and are looking at a small car at the entry-level which will come in
the next 2-3 years,” confirmed Kenichi Ayukawa, managing director, Maruti Suzuki India BSE 0.71 % Limited (MSIL).
Earlier in October this year, ET had reported
that Suzuki Motor Corporation (SMC), enthused by the success of Brezza, gave
Indian subsidiary the responsibility to develop a newgeneration Alto to strengthen its hold in the
Maruti Suzuki BSE 0.71 % Alto had been facing tough competition from Renault
Kwid; in the first eight months of the ongoing financial year, while sales of
Alto declined by 7.4% to 1,62,894 units, that of Renault Kwid shot up to 73,676 units from
11044 units sold in the year-ago period.
Alto's share in the entry-car segment has
dropped to 42% between April and November this fiscal compared with 50.9% in
the same period last fiscal. Kwid has, meanwhile, managed to garner almost 20%
market share in that segment.
People in the know of Maruti’s plans said the
company has started work on the project, internally called Y1K. The new car is
likely to be launched by the festive season of 2019. Alto will be developed on
a fresh platform to meet the new regulations. Maruti Suzuki will invest an
added Rs 2,000 crore at its state-of-the-art research and development centre in
Rohtak, Haryana, over the next three years to boost its R&D capability.
This would take the company's total investment at Rohtak to Rs 3,800 crore
Separately, Maruti Suzuki chairman RC Bhargava on Friday said the trend is reversing in the passenger
vehicle market and the company's bookings have increased by 7% in December.
Maruti Suzuki's bookings had registered a drop of 20% in November as consumers
put off fresh purchases after the government demonetised high-value currency
notes from November 9.
"Interestingly, even rural markets have
grown over last year," said Bhargava. Maruti Suzuki's sales in rural
markets have increased by 18% in December against a decline of 11% in November.
The proportion of vehicles financed in rural markets stands at around 50-60%
compared to 80% in urban areas.
"What I understand is that cash
availability has improved. Besides, good monsoons helped grow rural sales in
the first few months of the fiscal," said Bhargava. Rural sales currently
account for 30% of Maruti Suzuki's volumes and have grown by around 14% till
date this fiscal. He, however, declined to make any forecast for sales growth
Source : Maruti
Suzuki plans new small car within 3 years, may launch new-generation Alto
DELHI: Bajaj Auto BSE 0.25 % today said it will hike prices of its
bikes by up to Rs 1,500 from January in order to partially offset the impact of
rising input costs and upgrading of its entire portfolio to BS-IV emission
"All two-wheeler manufacturers in the country are trying to be BS-IV
compliant by April next year. We want to be the first ones to transition to the
next emission levels," Bajaj Auto Ltd BSE 0.25 % President
(Motorcycle) Eric Vas told PTI.
Some of the models have already been made BS-IV compliant and the company
expects to covert the rest of the product lines conforming to next level of
emission norms by middle of next month, he added.
"As a consequence of shifting to BS-IV norms we will be hiking the prices
of our bikes between Rs 700 and Rs 1,500, depending upon specific models, from
next month," Vas said.
Elaborating further on the reasons for taking a price hike, he said the input
costs have also gone up due to the firming up of oil and commodity prices.
"The price hike is due to the transition to BS4 and also to accommodate
increase in raw material costs as well. The hike shall not affect recently
launched products like the Dominar 400," Vas said.
Currently, India follows BS-III emission norms for two-wheelers. From April
2016, all new two-wheeler models started complying with BS-IV emission norms,
and the existing models would comply with BS-IV emission norms from April 2017,
on a pan-India basis.
Auto companies such as Hyundai Motor India, Nissan, Renault, Toyota, Tata
Motors BSE -0.54 %, Mercedes Benz and Isuzu have said they
would hike prices of their products from January to offset higher input costs
and adverse impact of foreign exchange fluctuations.
Bajaj Auto on Thursday
launched its much-awaited 400cc bike - Dominar 400. It was first unveiled as
the Pulsar CS 400 Concept at the 2014 Auto Expo, almost two years ago. The
Dominar-400 is Bajaj's most powerful and expensive model ever and it comes with
a host of new features. India Today writes that Dominar is a derivation from a
Spanish word which means "to excel or exceed in power".
Bajaj Dominar-400 will have
headlamps projector, backlit switch gear, daytime running lights, LED tail
lamps with slim LED indicators. It is armed with complete digital instrument
panel. The Dominar-400 will not have kick starter feature.
Dominar-400 will have basic 13-litre fuel tank.
Dominar-400 is 2,156 mm long, as compared to the 2,100 mm long Mojo and the
2,002 mm long Duke 390.
The Dominar has got its new engine from KTM Duke 390 but with slight
modifications. The brand new bike is powered by 373.2cc fuel-injected,
single-cylinder petrol engine that is equipped with Bajaj's Triple-Spark
Dominar- 400 Engine Specifications
Engine - 373cc
Dual Channel ABS
Torque: 35Nm at 8500rpm
Transmission - 6-speed
Kerb Weight - 182 kg
Fuel Tank Capacity - 13-Litres
Power - 34.5bhp at 8000rpm
Bajaj Dominar 400 will be available at an introductory price of Rs 1,36,000
launches its most powerful bike Dominar 400
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