Maruti to invest Rs 4,000 crore in FY16 on new models, marketing

The company, which reported its highest ever annual profit and sales in the fiscal concluded March 31, 2015, said the amount would be utilised on enhancing marketing infrastructure, launching new products and on R&D.

Maruti is looking to set up new display centres where its different models are displayed like it does at the brand centre at its headquarter here.
  
In the ongoing fiscal MSI is expected to launch its crossover vehicle SX4 S Cross and premium hatchback code named YRA.
  
Apart from urban markets, the company has also decided to intensify efforts to expand in the rural markets.  "We are at present in 1.25 lakh villages, we would like to add another 25,000 villages this year," Maruti Suzuki India Chairman R C Bhargava told reporters.
   
He said at present demand is strong in the rural markets but how it would be in the year ahead was hard to predict because of unseasonal rain and prediction of low monsoon.
   
Out of the total capex planned for the fiscal, the company on Monday released Rs 845 crore for the upcoming plant at Gujarat.

Source:  Auto News  and Gadgets Reviews India

 

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Maruti Suzuki to set up three plants in Gujarat

The company is investing Rs 3,000 crore for the construction of the first factory which will produce 250,000 units annually by mid-2017.

"The vehicles manufactured at these facilities will be supplied exclusively to MSIL and support its objective of reaching annual sales of two million units in the medium term," the company said in a statement.

Besides the three car manufacturing units in the area spread over 640 acres, an integrated suppliers' park for vehicle ancillaries will also be developed.

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Maruti Swift launches its Windsong edition

Maruti Suzuki launched the ‘Windsong Limited Edition’ keeping in mind the specific target group of music lovers. The Swift Windsong edition is available in two variations, mid-level Vxi and Vdi trims and it will available in pearl white paint shade only.

The modifications to Maruti Swift Windsong edition include brand new music-themed body graphics designed on the side of the profile with front hood and the roof with falling black stripes. The upgraded wheel cover design with a rear spoiler on offer cannot go amiss. The vehicle will have black and yellow coloured seat covers and steering cover along with the floor furnished with blue ambient lighting.

Changes in the inside are more extensive and impressive, floor has mats with Swift badged logo, Sony touchscreen unit that comes with SIRI eyes-free control for iPhone which also features CD/DVD/Bluetooth/USB and gets an integrated reverse camera along with parking sensors, illuminated sill guard for door. 

Source: Auto Expo 2015 India and  Gadget Reviews India

Maruti Suzuki to hike prices in the range of 2-4 percent from January

"We are planning to increase the prices in the range of 2-4 per cent across our entire range of products from January. It was in October 2013 that we had taken our last price hike," Maruti Suzuki India (MSI), Executive Director (Marketing and Sales) RS Kalsi informed.

The company had been absorbing the impact of higher input cost for quite some time now, he said.

"We have been absorbing the impact of higher input costs for quite some time now but we did not hike the prices because the market was not doing well."

Maruti Suzuki India sells a range of vehicles, from Alto 800 to Grand Vitara, priced between Rs 2.37 lakh and Rs 24.6 lakh (ex-showroom, Delhi).

Earlier in the day, its rival Hyundai Motor India also announced a price hike by up to Rs 25,000 from next month across its models.

Last week, German luxury car maker BMW had announced that it will raise product prices in India by up to 5 percent with effect from the first week of January.

Source: Automotive News  and view more Gadget Reviews India