Nissan overtakes Maruti to become India’s second biggest car exporter, according to new study. India’s biggest carmaker Maruti Suzuki India posted a 35% decline in profit, coming in below expectations, as the effects of a persistent slump and price discounts were worsened by the consequences of a government plan aimed paradoxically at boosting sales. The stock fell over 3% before recouping some losses, perhaps encouraged by the company posting record annual profit. Maruti posted a March quarter profit of 800 crore, down from 1,240 crore […]
Largest car maker of India Maruti Suzuki launched all new swift with price ranging from Rs 4.22 lakh to Rs 6.38 lakh. 500 crore has been invested to build this beautiful design of Swift. “I am confident that the new Swift will break many record with its improved fuel efficiency, stylish and sportier looks and high performance,” Maruti Suzuki India Managing Director and CEO Shinzo Nakanishi told reporters at the car’s launch event in New Delhi. Follow us on Twitter and Facebook.