The profit of the country’s largest car maker Maruti Suzuki for the last quarter has increased by almost 80 percent. The company has achieved a profit of about Rs 3,717 crore between July and September. Maruti Suzuki’s profit in the same period last year was Rs 2,062 crore. Maruti Suzuki has said that the main reason for the increase in profit is the strong demand for its Sports Utility Vehicles (SUV). Apart from this, the company has also benefited from some reduction in input costs. Maruti Suzuki has SUVs like Grand Vitara, Fronx, Jimny and Brezza. Demand for its utility vehicles like Ertiga has also increased. The company has launched Grand Vitara, Fronx and off-road SUV Jimny in the compact segment of SUV. Due to this, the sales of Maruti Suzuki have increased. In the first half of this year, sales of utility vehicles have been more than three lakh. Maruti Suzuki has more than 25 percent share in this segment. Recently the company had achieved the feat of selling 10 lakh automatic vehicles. Automatic transmission system is offered in 16 models of Maruti. Maruti had said that customers of its NEXA retail chain prefer high-end automatic variants. It accounts for about 58 percent of the company’s automatic car sales. Its automatic transmission systems include Auto Gear Shift (AGS), 4-speed automatic transmission (AT), advanced 6-speed automatic transmission and Electronically-Continuous Variable Transmission (e-CVT). The 5-speed AGS gearbox is offered in the company’s Alto K-10, S-Presso, Celerio, WagonR, Ignis, Swift, Dzire, Baleno and Fronx. Apart from this, 4-speed AT is available in Jimny and Ciaz and 6-speed AT with paddle shifters in Ertiga, Grand Vitara, Fronx, Brezza and XL6. The option of e-CVT is available in Grand Vitara and Invicto. Maruti had its highest monthly sales in a month in September. Last month the company’s sales were more than 1.81 lakh units. In the first six months of this financial year, the company’s sales in the country have crossed 10 lakh units. This is the first time that Maruti has crossed the sales mark of 10 lakh units in six months of a financial year.
Tag: prices
-
Best deals on air purifiers in Amazon sale, additional discounts with bank offers
The third week of the Great Indian Festive Sale of Amazon, one of the big e-commerce companies, is going on. In this sale, huge discounts are being given on many products in product categories like smartphones, laptops, televisions and home appliances. You can also get an additional discount of 10 percent on purchasing through credit cards of some banks. With the onset of winter season, the problem of smog and pollution increases in many cities of the country. Air purifiers can be used to deal with this. Discounts are also being offered on air purifiers in this sale. In Amazon’s sale, Honeywell Air Touch V2 can be purchased for Rs 7,296 instead of the listed price of Rs 12,999. The listed price of Chinese electronics company Xiaomi’s Smart Air Purifier 4 Lite is Rs 14,999 and it is available in the sale for Rs 9,999. Best deals on air purifiers in Amazon saleProduct MRP Deal price (incl. bank discount) Philips AC1215/20 Air Purifier Rs. Rs 12,995 8,100 Honeywell Air Touch V2 Air Purifier Rs. Rs 12,299 6,567 Xiaomi Smart Air Purifier 4 Lite Rs. Rs 14,999 9,000 Sharp Room FP-F40E-W Air Purifier Rs. Rs 16,500 8,082 Voltas VAP26TWV Air Purifier Rs. Rs 12,990 8,091 -
Discount up to Rs 5.25 lakh on Harley Davidson motorcycles in India
Harley-Davidson, popular for powerful motorcycles, has offered discounts of up to Rs 5.25 lakh on select motorcycles in India. This discount will be available on the company’s Pan America 1250 Special, Sportster S and Nightster bikes. There is a discount of Rs 3.25 lakh on Pan America 1250 motorcycle. Its price will reduce to Rs 21.24 lakh (ex-showroom). Its actual price is Rs 24.49 lakh. This motorcycle has a 1,252 cc twin-cylinder, liquid cooled engine. It produces 150.9 bhp at 8,750 rpm and peak torque of 128 Nm at 6,750 rpm. It has a six speed gearbox. A discount of Rs 3.25 lakh is also being given on Harley Davidson’s Sportster S. Its price will reduce from Rs 18.79 lakh to Rs 15.54 lakh. It has the same engine as Pan America 1250. It generates 121 bhp and peak torque of 125 Nm. The maximum discount of Rs 5.25 lakh is being given on Harley Davidson’s Nightster motorcycle. Its price will reduce to Rs 12.24 lakh. Its actual price is Rs 17.63 lakh. It has a 975 cc twin-cylinder engine. It produces 89 bhp and 95 Nm torque with six-speed gearbox. This discount is on motorcycles imported by the company. Recently, Harley Davidson, in collaboration with Hero MotoCorp, one of the big two-wheeler companies, launched the low-priced Harley X440 motorcycle. Hero MotoCorp has started deliveries of Harley-Davidson X440 to customers. 1,000 units of this motorcycle have been sold at 100 dealerships of the company. It is being manufactured at Hero MotoCorp’s factory in Neemrana, Rajasthan. The company has also started new booking for this. The X440 is being sold in three variants – Denim, Vivid and S. Their prices range between Rs 2,39,500 to Rs 2,79,500 (ex-showroom). This is the most affordable motorcycle of Harley Davidson. More than 25,000 bookings have been received for this. To meet its increasing demand, Hero MotoCorp will increase its manufacturing. The company’s Chief Executive Officer, Niranjan Gupta had said, “Our effort will be to complete all the deliveries in the next few months. For this, the capacity of the supply chain is being increased.” -
There will be no need of licensing for import of computers and laptops in India
Licensing will not be implemented for import of computers and laptops in the country. However, shipments of these devices will be monitored. Earlier in August, the central government had announced the implementation of the license requirement for import of certain products including computers, laptops and tablets from November 1. Commerce Secretary Sunil Barthwal told reporters, “We believe that there are no such restrictions on laptops. We are only saying that the import of laptops should be monitored. We are only monitoring. There are no such restrictions. Are not.” In this regard, the Director General of Foreign Trade (DGFT) has said that there will be an import management system for this. It will be implemented from November 1. The regulation of IT hardware industry is with MeitY. DGFT notifies decisions related to import or export of any product. However, the IT hardware industry has expressed apprehensions regarding this. An industry source said, “It will be like an import management system in which an authorization will be issued to people. It is a type of licensing.” In this, companies will have to request for a specific number of imports and they will get authorization for import. Samsung, one of the big consumer electronics companies, has prepared to increase manufacturing in the country. The company’s smartphones are already being produced in the country. Samsung also plans to manufacture laptops at its factory in Greater Noida, Uttar Pradesh. This will give a boost to the Make in India scheme of the Central Government. Under this scheme, incentives are given for electronics manufacturing. Samsung has prepared to set up a new laptop manufacturing unit in the factory that produces smartphones. This unit will have the capacity to manufacture 60,000-70,000 laptops annually. The government had announced a $2 billion manufacturing incentive scheme with an aim to attract large investments in IT hardware manufacturing. The government aims to increase the annual production of electronics to $300 billion by 2026. Big companies selling laptops in the country include Apple, Dell, Lenovo and HP, Acer, Samsung and LG. A large number of laptops are imported from countries like China. -
Fast pace of sales of passenger vehicles, reached high level in July-September
Sales of passenger vehicles in the country have reached the highest level of any quarter in July-September. Strong demand for utility vehicles is a major reason behind this. The total dispatch of passenger vehicles by automobile companies to dealers increased to 10,74,189 units between July and September. This is an increase of 4.7 percent compared to the same period last year. Along with this, this is the first time that the wholesales of passenger vehicles have been more than 20 lakh units in the first half of a financial year. Vinod Aggarwal, President, Society of Indian Automobile Manufacturers (SIAM), said, “The passenger vehicles segment has been driven by strong demand for sports utility vehicles and utility vehicles. It has reached 60 per cent of the total sales.” Wholesales of entry level cars declined by about 35,000 units in the second quarter. Demand has also been weak in the entry level two-wheeler segment. The main reason for this is the lack of recovery in demand in rural areas. Aggarwal said that there has been growth in the segments of passenger vehicles, three-wheelers and commercial vehicles in the second quarter of the current financial year. However, the wholesales of two-wheelers have declined compared to the same period last year. Maruti Suzuki, one of the big automobile companies, had its highest monthly sales in a month in September. Last month the company had sold more than 1.81 lakh units. This is an increase of three percent compared to the same period last year. The demand for the company’s SUVs and other utility vehicles has increased rapidly. Maruti’s Grand Vitara and Brezza are getting good response from customers. The company’s sales in this segment have increased by more than 80 percent. Maruti has the first position in the SUV segment. Its models like Fronx and Jimny also have strong demand. Last month the company’s sales stood at 1,81,343 units. Out of this, more than 1.50 lakh units have been sold in the country. This is an increase of two percent compared to September last year. In the first six months of the current financial year, Maruti’s sales in the country have crossed 10 lakh units. This is the first time that Maruti Suzuki has crossed the sales mark of 10 lakh units in six months of a financial year. -
There will be no need of licensing for import of computers and laptops in India
Licensing will not be implemented for import of computers and laptops in the country. However, shipments of these devices will be monitored. Earlier in August, the central government had announced the implementation of the license requirement for import of certain products including computers, laptops and tablets from November 1. Commerce Secretary Sunil Barthwal told reporters, “We believe that there are no such restrictions on laptops. We are only saying that the import of laptops should be monitored. We are only monitoring. There are no such restrictions. Are not.” In this regard, the Director General of Foreign Trade (DGFT) has said that there will be an import management system for this. It will be implemented from November 1. The regulation of IT hardware industry is with MeitY. DGFT notifies decisions related to import or export of any product. However, the IT hardware industry has expressed apprehensions regarding this. An industry source said, “It will be like an import management system in which an authorization will be issued to people. It is a type of licensing.” In this, companies will have to request for a specific number of imports and they will get authorization for import. Samsung, one of the big consumer electronics companies, has prepared to increase manufacturing in the country. The company’s smartphones are already being produced in the country. Samsung also plans to manufacture laptops at its factory in Greater Noida, Uttar Pradesh. This will give a boost to the Make in India scheme of the Central Government. Under this scheme, incentives are given for electronics manufacturing. Samsung has prepared to set up a new laptop manufacturing unit in the factory that produces smartphones. This unit will have the capacity to manufacture 60,000-70,000 laptops annually. The government had announced a $2 billion manufacturing incentive scheme with an aim to attract large investments in IT hardware manufacturing. The government aims to increase the annual production of electronics to $300 billion by 2026. Big companies selling laptops in the country include Apple, Dell, Lenovo and HP, Acer, Samsung and LG. A large number of laptops are imported from countries like China. -
Hyundai’s Exter SUV becomes expensive, know the new price
South Korean automobile company Hyundai Motor has increased the price of Exter SUV. The company launched Exter two months ago. The price of four of its six variants has been increased by up to Rs 16,000. It was launched at a starting price of Rs 6 lakh (ex-showroom). Exter’s top end variant SX (O Connect) has received the lowest price increase of around Rs 5,000. It has dual-tone and automatic gear box. Hyundai has increased the price of its SX(O) Connect variant the most by Rs 16,000. It has manual transmission with dual-tone. Its other variants have become costlier by around Rs 10,400. The price of the top-end variant of Exter has increased to around Rs 10.10 lakh (ex-showroom). There is no change in the prices of its entry level EX and SX(O) Connect variants. It competes with Tata Punch and Maruti Suzuki’s Fronx. For this, the company has given the option of CNG engine along with petrol. Many features have been provided in Exter SUV and it can be helpful in increasing the sales of Hyundai. It has been made available in White color with Black Roof, Starry Night, Fiery Red, Atlas White, Titan Grey, and Black Roof with Cosmic Blue and Ranger Khaki colors. It has six airbags which are not found in any other car in this segment. The company is giving a warranty of three years or unlimited kilometers with it. Exter has a 1.2 liter petrol engine which generates 83 PS of power and 11.6 Newton meter of torque. It also has the option of 1.2 liter bi-fuel petrol and CNG engine, which can generate 69 PS power and 95.2 Newton meter torque. It is available in both manual and automatic variants. Its design is based on Hyundai’s new design system, which has a split headlamp setup with H-shaped LED DRL. There is a turn indicator at the top and a headlamp cluster at the bottom. On the side, the Exter gets squared wheel arches with dual tone alloy wheels. There is a black strip in its rear which is linked to both the tail lamps. -
All Hyundai models will get 6 airbags, new Verna gets five-star rating in safety
South Korean automobile company Hyundai has announced to make six airbags available as standard in all its models in India. Apart from this, the company will also make other safety features like three point seatbelt and seatbelt reminder available in all variants. 10 out of 13 Hyundai models will be offered with Electronic Stability Control (ESC) and Hill Start Assist Control (HAC) as standard across all models and variants. The company has said that Advanced Driver Aids System (ADAS) will also be provided in five of its models. Hyundai’s new Verna has received a five-star safety rating in the Global NCAP crash test. The company’s Managing Director and CEO, Unsoo Kim, said, “Hyundai’s efforts will continue to increase the safety standards of vehicles in the country. This will make the country’s roads safe for everyone.” The company has also welcomed the Bharat NCAP crash test which recently started in the country. It has announced the initial inclusion of three of its models for this test. India NCAP is an important step towards improving road safety in the country. Under this, safety standards have been increased for motor vehicles up to 3.5 tonnes. The Road, Transport and Highways Ministry has said that this will make it easier for car buyers to assess the crash safety of motor vehicles available in the automobile market. Under Bharat NCAP, car makers will be able to voluntarily get their cars tested. Star ratings will be given based on the car’s performance in crash tests. Before buying a car, customers will be able to compare the safety standards of different vehicles by looking at these star ratings. The demand for safer cars may increase after the implementation of new safety regulations. This will also encourage car makers to follow Bharat NCAP for manufacturing safe cars. The ministry hopes that with higher safety standards, the demand for domestically made cars will increase in the international market. Two airbags are already mandatory for passenger cars. Adding four more airbags will increase the cost of automobile companies. In many countries, the rule of six airbags in passenger vehicles is already in force. -
Maruti Suzuki made highest sales in a month on the basis of SUV
The country’s largest car maker Maruti Suzuki has achieved its highest monthly sales in a month in September. Last month the company has sold more than 1.81 lakh units. This is an increase of three percent compared to the same period last year. The demand for the company’s SUVs and other utility vehicles has increased rapidly. Maruti’s Grand Vitara and Brezza are getting good response from customers. The company’s sales in this segment have increased by more than 80 percent. Maruti has the first position in the SUV segment. Its models like Fronx and Jimny also have strong demand. Last month the company’s sales stood at 1,81,343 units. Out of this, more than 1.50 lakh units have been sold in the country. This is an increase of two percent compared to September last year. Sales in the country have crossed 10 lakh units in the first six months of the current financial year. This is the first time that Maruti has crossed the sales mark of 10 lakh units in six months of a financial year. Apart from SUVs, the company also sells MPVs like Ertiga, XL6 and Invicto in the utility vehicle segment. Its sales in this segment have increased by about 82 percent compared to the same period last year. The company has sold 59,271 units in the utility vehicles segment. For this, Brezza and Grand Vitara were the best selling models in this segment. However, the company’s sales in the small and compact segment have declined compared to September last year. Maruti’s exports have also increased last month. The company exported 22,511 units in September. It was 21,403 units in the same period last year. Recently, Maruti’s compact sedan Dzire achieved the sales figure of 25 lakh units in 15 years of its launch. The company claims that the sales of any other compact sedan competing with it have not reached 10 lakh units in the country. Its price ranges between Rs 6.53 lakh to Rs 9.39 lakh (ex-showroom, Delhi). The compact sedan segment includes Hyundai’s Aura, Honda’s Amaze and Tata Motors’ Tigor. -
HP partners with Google to manufacture Chromebook laptops in India
HP, which makes devices like personal computers and laptops, has partnered with technology company Google to manufacture Chromebook laptops in India. Chromebooks will be manufactured at HP’s factory near Chennai in Tamil Nadu. The company has been manufacturing desktops and laptops in this factory for almost three years. American devices maker Apple and South Korea’s Samsung are also increasing manufacturing in the country. ‘Make in India’ is being promoted by the central government. Because of this, many global technology companies are setting up their units in the country or are exploring the possibility of partnership with Indian companies. HP’s senior director (personal systems) in the country, Vickram Bedi, said, “Manufacturing Chromebooks in the country will provide affordable PCs to students. We will continue to support the government’s efforts related to Make in India.” Google’s Head of Education (South Asia), Bani Dhawan, said, “Manufacturing Chromebooks with HP is an important turning point in our efforts to drive a major digital transformation of education in the country.” Samsung has also made preparations to increase manufacturing in India. The company’s smartphones are already being produced in the country. Samsung can also make laptops in its factory in Greater Noida, Uttar Pradesh from next month. This will give a boost to the Make in India scheme of the Central Government. Under this scheme, incentives are given for electronics manufacturing. According to a media report, Samsung has prepared to set up a new laptop manufacturing unit in the Greater Noida factory that produces smartphones. This unit will have the capacity to manufacture 60,000-70,000 laptops annually. This unit will be started next month. Last month, the government had imposed licensing conditions for import of personal computers, laptops and tablets. Its objective is to increase manufacturing in the country. Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar had said that the new rule will ensure the use of reliable systems and products in the country. American iPhone maker Apple, which has a major share in the premium smartphone market, has prepared to increase manufacturing in India.