"maruti-suzuki"

Sales of mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year.

The extension would be applicable to the free service and warranty period expiring between March 15, 2021, to May 31, 2021, the company said in a statement.

The company had sold 632 vehicles during April 2020 and 143,245 units in 2019.

Elaborating the reasons for the closure, it said, "the Maruti Suzuki business for model 'Gypsy' was discontinued due to demerger of seating business of the company."

Accordingly, India's automobile market is estimated to grow more than '2.3X' from $222 billion currently to $512 billion by 2026.

The country's largest carmaker said total sales included domestic sales of 147,483 units, sales to other OEMs 5,500 units and exports of 11,486 units.

The incubation program will help the startups become large-scale businesses, and also help industry with practical and technology-led solutions.

According to the automobile manufacturer, the net profit during the quarter under review rose to Rs 1,941.4 crore from Rs 1,564.8 crore during the corresponding period of previous fiscal.

According to the company, over 2.3 million units of the premium hatchback have been sold in the past 15 years.

The initiative allows a customer to use a brand-new car without actually owning it, by just paying an all-inclusive monthly fee that comprehensively covers maintenance, roadside assistance and insurance for the complete tenure.

At the same time, export sales rose by more than 31 per cent to 9,938 units from 7,561 units in December 2019, it said on Friday.

In order to accommodate the rising commodity prices and input cost, major carmakers have announced a price hike in the range of 3-6 per cent

Around 10.25 a.m., Sensex was trading at 46,206.80, higher by 200.11 points or 0.43 per cent from its previous close of 46,006.69.

The company is initially launching the platform in 30 cities through its premium car retail chain Nexa, targeting salaried customers with plans to expand its mass market chain Arena.

During the second quarter, the performance improved on the back of some demand recovery and gradual improvement in supply conditions, the auto major said.

"Baleno helped us bring new customers to the Maruti Suzuki family," said Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India.

The Japanese carmaker finally unveiled the production version of the car after months of teaser images and specs. This is the company’s first ever product under the Nissan Next strategy for the Indian market