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: vehicles
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Government will not impose additional tax of 10 percent on diesel cars
The central government is not considering the proposal to impose additional Goods and Services Tax (GST) of 10 percent on diesel cars. Road Transport and Highways Minister Nitin Gadkari has given this information. A large number of diesel-powered vehicles are used in the country. However, a news agency report on Tuesday quoted Gadkari as saying that a proposal to impose additional 10 percent GST on diesel vehicles will be given to the Finance Minister. After this, Gadkari gave a clarification on X (earlier Twitter) saying that the government is not considering any such proposal. According to this report, the proposal to impose additional tax on diesel vehicles will be given to the Finance Minister by Gadkari. Its objective was to stop automobile companies from manufacturing and selling diesel engine vehicles. Gadkari had said that if the automobile industry does not stop making diesel cars, the government will increase the tax so much that it will become difficult to sell diesel vehicles. Gadkari has said in clarification regarding this that the government is not considering any such proposal. He said, “There is an immediate need to clarify media reports regarding additional 10 percent GST on the sale of diesel vehicles. It is important to clarify that the government is not considering any such proposal. Our carbon net by 2070 “With the commitment to achieve zero and reduce air pollution caused by harmful fuels like diesel, it is necessary to use environment friendly alternative fuels. These fuels should be import substitutes, low cost, indigenous and pollution free.” In the report regarding imposition of additional tax on diesel vehicles, Gadkari was quoted as saying that diesel is a harmful fuel and the country imports it in large quantities. The automobile industry should reduce its production of diesel engines. If this does not happen then the government will be forced to increase the tax on diesel vehicles. Gadkari had recently launched a car that runs completely on ethanol. In many other countries too, emphasis is being laid on vehicles running on alternative fuels.