Besides, the company is looking to raise INR 50 crore in a pre-IPO placement round. If such placement is undertaken, the fresh issue size will be reduced. New Delhi: Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial… Continue reading Popular Vehicles and Services files IPO papers with Sebi again
Tag: Suzuki
Auto Inc rejoices as 10-day Ganpati festival shines on with positive momentum
The festive season in the country usually accounts for about 23%-26% of annual sales volumes of the auto industry. New Delhi: Ganesh Chaturthi (September 19- September 28), a 10-day festival celebrated in the country to mark the birthday of Lord Ganesha, has concluded on an upbeat note and contributed to a good sales growth in… Continue reading Auto Inc rejoices as 10-day Ganpati festival shines on with positive momentum
Maruti Suzuki issued show cause notice by GST Authority, Rs 139.3 crore penalty imposed
The Goods and Service Tax Authority has issued a show cause notice to Maruti Suzuki, and imposed a penalty of Rs 139.3 crore on the country’s largest car maker. The notice pertained to the period starting July, 2017 to August, 2022 proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to… Continue reading Maruti Suzuki issued show cause notice by GST Authority, Rs 139.3 crore penalty imposed
Grand Vitara fastest SUV to reach 1 lakh sales milestone
The Grand Vitara celebrated its first anniversary with a landmark achievement of selling over 1 lakh units, making it the fastest midsize SUV to hit the milestone. The achievement also propelled its maker Maruti Suzuki to grab the lead in the SUV segment for the first half of this financial year with a 22 percent market share. Speaking to… Continue reading Grand Vitara fastest SUV to reach 1 lakh sales milestone
Record September sales to drive Indian car market to a 2 million peak in H1 of FY24
The Indian passenger vehicle market is set to scale the 2 million vehicle sales peak for the first time ever in half yearly sales in FY24. In what has been a record-breaking year so far – every month of this financial year has witnessed the highest-ever monthly sales for their respective months. Industry players say… Continue reading Record September sales to drive Indian car market to a 2 million peak in H1 of FY24
Record September sales to drive Indian car market to a 2 million peak in H1 of FY24
The Indian passenger vehicle market is set to scale the 2 million vehicle sales peak for the first time ever in half yearly sales in FY24. In what has been a record-breaking year so far – every month of this financial year has witnessed the highest-ever monthly sales for their respective months. Industry players say… Continue reading Record September sales to drive Indian car market to a 2 million peak in H1 of FY24
EV share of new car sales in Europe grows to 22% in August
Demand for electric vehicles (EVs) continues to rise in Europe. Although gasoline cars remain in demand, the growth in new passenger car registrations in Europe in August 2023 was a result of the uptake of electric cars – which recorded their second-highest monthly market share in August. According to JATO data for 28 European markets,… Continue reading EV share of new car sales in Europe grows to 22% in August
EV share of new car sales in Europe grows to 22% in August
Demand for electric vehicles (EVs) continues to rise in Europe. Although gasoline cars remain in demand, the growth in new passenger car registrations in Europe in August 2023 was a result of the uptake of electric cars – which recorded their second-highest monthly market share in August. According to JATO data for 28 European markets,… Continue reading EV share of new car sales in Europe grows to 22% in August
Toyota’s August global output rose on stronger domestic production
TOKYO (Reuters) — Toyota Motor said global production climbed 4% from the same period a year earlier to 798,771 vehicles to mark a record for the month of August. Domestic production for the world’s biggest automaker rose 22% from a year earlier, offsetting a 2% drop in overseas output and highlighting its recovery from last… Continue reading Toyota’s August global output rose on stronger domestic production
Maruti Suzuki signs MoU with a Jaipur college to offer training in auto retail
During the OJT at Maruti Suzuki dealerships in Jaipur, the students will get an opportunity to hone their skills in actual work environment. Under the ‘Earn While You Learn’ model, the students will also be offered stipend during the two-year OJT period. New Delhi: Extending skill training opportunities in the domain of automobile retail, Maruti… Continue reading Maruti Suzuki signs MoU with a Jaipur college to offer training in auto retail