Maruti Suzuki former Managing Director Jagdish Khattar passes away
Former Managing Director of Maruti Suzuki, Jagdish Khattar has passed away on Monday morning due to a cardiac arrest at the age of 78. Entrepreneurs and business tycoons like Anand Mahindra and Pawan Goenka sent in their condolence messages
| 26 April 2021 12:56 PM GMT
New Delhi: Former Managing Director of Maruti Suzuki, Jagdish Khattar passed away on Monday morning due to a cardiac arrest. He was 78.
The former bureaucrat was considered as one of the most high-profile leaders of the Indian automobile industry, laying the foundation for Maruti s future growth after the government began its disinvestment in 2002 and gradually exited from its joint venture with Suzuki Motor Corporation (SMC).
The country s largest carmaker Maruti Suzuki India (MSI) on Thursday reported total sales of 1,67,014 units in March. The company had sold 83,792 units in March last year amid nationwide lockdown due to the coronavirus pandemic. Its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020. Both dispatches and production were hit last year due to the Covid pandemic. Domestic sales in March 2020 had dropped about 48 per cent due to COVID related disruptions. It will be seen that domestic sales in March 2021 have only recovered to March 2019 levels, MSI said in a statement. Sales of mini cars, comprising Alto and S-Presso, stood at 24,653 units last month. The company had sold 15,988 units in March 2020.
Updated Mar 17, 2021 | 09:19 IST
Hyundai noted over 51 per cent customers opt for higher spec SX and SX(O) trims. The all-new Hyundai Creta is available across a total of 5 trim levels: E, EX, S, SX, and SX (O). Over 1.21 lakh units of new Hyundai Creta sold in one year
Folks, congratulations are in order for Hyundai India. Why? Well, because it is celebrating the first anniversary of the new generation Hyundai Creta SUV that was launched in India last year. But that s not the only piece of interesting news that the South Korean automaker has to share; along with the popular SUV s anniversary, the company is also celebrating a sales milestone. Hyundai India noted it has sold more than 1.21 lakh units of the 2020 Creta since it first became available for retail in the country. In total, Hyundai has sold more than 5.8 lakh units of the Creta in India since the car was launched here in 2015. Not only that the company has also exported over 2.16 lakh un
Gadkari urges 100% localisation of auto components; may hike customs duty Updated Feb 26, 2021 | 17:30 IST
Reiterating that the auto sector is a key driver of the Indian economy, the minister said increase in basic customs duty on select auto components will encourage local manufacturing of such items. Gadkari urges 100% localisation of auto components; may hike customs duty
Union Minister Nitin Gadkari on Thursday asked automobile manufacturers to hike localisation of components to 100 per cent or else the government will think of increasing basic customs duty on imported items, but the auto industry wants support for localisation of electronic parts, specially semiconductors.