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Maruti Suzuki’s Q3 net income rises more than 100 percent


Maruti Suzuki India's third-quarter income more than doubled to 5.01 billion rupees ($93 million), the company announced, exceeding analysts' estimates. The growth was due to strong demand for Maruti's Ertiga minivans and Swift Dzire sedans. As a result, the company's stock rose to its highest in three years in Mumbai trading, posting the biggest gain on the benchmark BSE India Sensitive ...
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India Cuts For the Second Time the Sales Forecast
Indian automakers have dropped for the second time the auto sales target for this year, due to increasing interest rates and slowing economic growth. The Society of Indian Automobile Manufacturers announced ...
Tata Motors posts 13 percent sales increase in August
Tata Motors' global car sales rose 13 percent in August compared to the same month last year, according to the Indian company. Sales of its Jaguar Land Rover unit also rose ...
India’s August Auto Sales Down 19%, Worrying Officials
Auto sales in India fell in August for the first time over the past 10 months and motorcycle sales also decreased for the first time since January 2009. Many automakers saw ...
India Auto Sales Up 2.8% in May
In May, car sales in India rose 2.8%, the seventh month which saw an increase, but still below industry expectations. The rising fuel prices, the high interest rates and the excise ...
Denso Builds New Plant in India
Recently Denso declared it will build a facility in India were it will manufacture small motors for windshield wipers, power windows and engine cooling modules. The investment for the plant in ...
India’s Auto Sales Up in March, Down as Full Year Figures
Although in March India saw a rise in auto sales, the year ended 31 March showed quite a disappointing picture, although analysts expect 2012-2013 to be better. Maruti Suzuki India Ltd ...
India To Overtake Japan In New Car Sales By 2016
India's car sales hit their highest ever level last month as customers bought more vehicles on concerns that the federal government may raise taxes on diesel vehicles in its budget ...

latest automotive news
Luxury Automakers Plan to Assemble Vehicles in India to Avoid Import Tax
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During the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the ...
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Audi Surpassed BMW in India Luxury Auto Sales
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GM Stock Surpasses 2010 IPO Price
Today, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will ...
PSA Workers at Aulnay Plant End Four-Month Strike
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Jaguar Plans to Upgrade Its Dealerships in the US
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VW April Sales Up 7%
VW reported sales up 7% to 784,600 vehicles in April, after a drop of 0.2% in March. "Nevertheless, the market environment ...
Volvo April Truck Sales Down 2%
Volvo sales dropped 2% to 16,572 vehicles in April, compared with the same month last year. Sales in Europe dropped 7% ...
Tesla Plans to Repay Energy Department Loan
Tesla plans to raise $1.08 billion to build cash reserves and repay the loan offered by the Energy Department. CEO Elon ...
Michelin Comes With New Agreement for Its French Plants
Michelin plans to implement new rules at its facilities in France, aimed at adjusting capacity and avoiding lay offs, as ...
George Michael Involved in Car Crash in England
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Fiat Does Not Plan to Move Headquarters to the US
Fiat CEO Sergio Marchionne said that the company does not plan to move its headquarters to the US. "This issue, treated ...
Ferrari joins Lotus in tyre tweak criticism
May 17 (GMM/Inautonews.com) Ferrari has joined Lotus in criticising Pirelli's mid-season tyre tweak. Following early-season criticism, culminating in the furore ...
Ram Plans to Boost Heavy-Duty Pickup Sales and Dealerships in the US
Chrysler’s Ram director Bob Hegbloom said that the automaker will boost commercial van and heavy-duty pickup sales to government fleets ...
[VIDEO] Renault Twizy F1 Concept beats two Megane RS in drag race
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