Swaraj Baggonkar / Mumbai July 23, 2008, 0:50 IST

A year after its joint venture with Mahindra & Mahindra got off the ground, French car maker Renault has decided to revise its sales strategy for India following the Logan's lacklustre performance.

The JV begun selling the mid-sized sedan in April-May last year through M&M's dealerships across the country.

NEW DELHI: Maruti Suzuki on Monday reported a net profit of Rs. 465.90 crore in the first quarter of 2008-09, against Rs. 499.60 crore during the same period in the previous year. Net sales stood at Rs. 4,731 crore, a growth of 20.9 per cent over the same period of the previous year.

However, the company said the profit figures were not comparable due to the additional impact of Rs. 61.90 crore resulting from the new depreciation policy introduced in the fourth quarter of fiscal 2008.

BS Reporters / New Delhi/Mumbai July 22, 2008, 0:37 IST

The country's largest carmaker Maruti Suzuki saw net profit slide 6.75 per cent for the first quarter ended June 2008, from the same period last year, mostly on account of rising raw material costs, a change in accounting norms and a loss from derivative instruments.

Q1 net profit stood at Rs 465.8 crore against Rs 499.6 crore in Q1 of the last financial year, which was below analysts' expectations. Revenue growth at 21 per cent over the same period previous quarter to Rs 4,753.5 crore, however, was in line with the forecasts.

Maruti Suzuki, the country's top carmaker, reported a 6.7% drop in the first quarter (April-June, 2008-09) profit on Monday at Rs 465.8 crore against Rs 499.6 crore in the same quarter last financial year (2007-08), due to higher depreciation charge, royalty outgo and manufacturing costs.

Bloomberg / Washington July 21, 2008, 0:43 IST

The decision is the first time China has lost a case since it joined the global trade body in 2001.

China violates global trade rules by requiring automakers operating there to buy most components from local suppliers or face higher tariffs, the World Trade Organization ruled.

The decision, issued today in Geneva on a complaint brought by the European Union, US and Canada, is the first time China has lost a case since it joined the global trade body in 2001.

IN THE run-up to the Tata Nano's October launch, Maruti Suzuki India (MSI) has decided to step up its rural marketing drive. For starters, it proposes to penetrate the great Indian heartland, reach every taluka and panchayat by unleashing all its leading economy models at attractive prices. The mission is to tap all customers who can afford a car. Small wonder, Maruti is relying heavily on

After October Launch, Co May Schedule More Deliveries For The New Year

Lijee Philip MUMBAI

PROSPECTIVE customers of Tata Motors' Nano are learnt to be more keen on owning a 2009 model, compared to a September 2008 make, prompting the auto major to schedule more deliveries in the New Year.

Manufacturers Likely To Hike Prices On Rising Input Costs, Higher Excise Duty

Chanchal Pal Chauhan NEW DELHI

Sandeep Joshi

Enters into a tieup with Pininfarina of Italy

Production capacity will be 50,000 units annually

NEW DELHI: Gearing up to launch its

Energy bureau to give star ratings to cars as per fuel efficiency, five stars for over 25.6 km per litre

New Delhi, July 18: Your new set of wheels is going to get its stars.

In a first of its kind venture, the Bureau of Energy Efficiency (BEE) is embarking on a fuel efficiency labelling programme, in which cars will be assigned star-rating according to fuel efficiency.

A voluntary start will be made this year. A similar programme of star-ratings is currently on for marking energy saving efficiency in electrical goods like refrigerators.