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Maruti Suzuki to raise prices up to Rs.20,000

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New Delhi, Dec 10 : Passenger automobile major Maruti Suzuki on Thursday said it will increase the prices of its models from January 1, next year, by up to Rs.20,000.

According to a company spokesperson, the price increase has been necessitated due to a rise in input cost due to the weakening of rupee.

“The price increase has been necessitated on account of the increase in the cost due to the weakening of rupee against the dollar and increase in administrative cost,” a company spokesperson told.

“It (price increase) will be effective from January 1, 2016 and will vary across models. It will be up to Rs.20,000.”

On Wednesday, another passenger vehicle major Hyundai Motor India had announced a price hike of up to Rs.30,000 across all its models from next January onwards.

“In these challenging market conditions, we are constrained to consider the price increase on account of factors like increase in cost of components, weak rupee etc,” Rakesh Srivastava, senior vice president for sales and marketing, Hyundai Motor India had said.

Lately, the rupee value has been on a downward trajectory due to heavy outflows of foreign funds from the equity and debt markets.

The foreign investors are on a selling frenzy in the Indian markets ahead of a likely US interest rate hike in mid-December.

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Hyundai Motor India launches all new Santro

“Our R&D centre in Namyang (S. Korea), Chennai and Hyderabad have put strong efforts for product supremacy and utmost customer delight.”

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2018 Hyundai Santro launch
New Delhi: Hyundai Motor India Ltd MD and CEO Y K Koo and actor Shah Rukh Khan pose with the newly launched 2018 Hyundai Santro in New Delhi, on Oct 23, 2018. (Photo: Amlan Paliwal/IANS)

New Delhi, Oct 23 : Automobile major Hyundai Motor India (HMIL) on Tuesday launched ‘the all new Santro’ with an introductory price starting at Rs 3.89 lakh.

“The all new Santro is a true example of Hyundai’s Made-in-India philosophy and a shining result of our numerous product clinics and rigorous durability test on various terrains in India,” Y.K. Koo, MD and CEO, HMIL said in a statement.

“Our R&D centre in Namyang (S. Korea), Chennai and Hyderabad have put strong efforts for product supremacy and utmost customer delight.”

According to the company, the new passenger car is equipped with a 4-cylinder 1.1 litre petrol engine which offers 69 ps of power. It is mated with option of MT (manual transmission) and in-house developed ‘Smart Auto’ AMT (automatic manual transmission).

The petrol powered vehicle comes with a fuel mileage of 20.3 km per litre. It also has the option for a factory fitted CNG (60 L water equivalent).

Currently, the company has ten car models across segments – Eon, All New Santro, Grand i10, Elite i20, Active i20, Xcent, Verna, Elantra, Creta and Tucson.

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BMW Recall of Vehicles With Fire Risk to 1.6 Million Cars

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BMW is recalling about 1.6 million diesel cars to fix a potential fire hazard in their engines, expanding repairs from just under half a million vehicles in Europe and Asia.

The voluntary service action follows a BMW investigation that found coolant could leak from the car’s exhaust recirculation unit. The defect can lead to sparks while driving and cause fires in “in extreme cases,” the Munich-based manufacturer said Tuesday in a statement.

BMW last month cut its profit forecast, blaming an increase in warranty provisions alongside trade tensions and pricing pressure. South Korea’s government, after reports of 40 fires this year, asked drivers to keep vehicles off roads until undergoing checks. Police also raided the luxury carmaker’s office in Seoul to probe the safety issue, after videos of cars engulfed by fire went viral.

The vehicles affected — diesels with four- and six-cylinder engines — were produced between 2010 and 2017, BMW said. After the initial recall announced in August, BMW’s internal investigation found more vehicles with similar technical setups. The company will replace the components as necessary.

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Honda Activa breaches 2 cr sales mark in India

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New Delhi, Oct 17 : Hondas Activa scooter has breached the 2-crore sales mark in India, Honda Motorcycle and Scooter India said on Wednesday.

According to the company, while it took 15 years to achieve the first one crore sales, the recent addition has come in just three years.

“Over 18 years and 5 generations, Honda 2Wheelers India continuously added value to exceed customers’ expectations and making Activa the most preferred choice of Indian 2 wheeler buyers,” said Minoru Kato, President and CEO, Honda Motorcycle and Scooter India.

“We are delighted that Activa partnered over 2 crore Indian families on the move in realising their dreams.”

Honda Activa was launched in 2001.

IANS

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