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Sharda Motor Industries discontinues operations at Surajpur, Uttar Pradesh

Read more about Sharda Motor Industries discontinues operations at Surajpur, Uttar Pradesh on Business Standard. 1. Maruti Suzuki business for model Gypsy was discontinued due to demerger of seating business of the company. ....

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SIAM Says India's Total Automobile Production Drops 14% In FY21

Read more about SIAM Says India s Total Automobile Production Drops 14% In FY21 on Business Standard. The latest data from Society of Indian Automobile Manufactures (SIAM) showed today that the total production of Passenger Vehicles, Commercial Vehicles, Three-wheelers, Two-wheelers and Quadricycle in FY-21 was 22,652,108 units, as against ....

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Suzuki Motor commences production from third unit in Gujarat

Suzuki Motor Gujarat (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the Plant C in Gujarat and started production from April 2021.
Suzuki established SMG in March 2014, aiming to secure production ability in preparation for the automobile market growth in India, as well as for expansion of exports from India. Its Plant A started operating in February 2017, and the Plant B and Powertrain Plant in January 2019. In October 2020, SMG became the fastest production site of Suzuki to achieve accumulated automobile production of 1 million units.
With production starting at the Plant C, which has an annual production ability of 2,50,000 units, together with Plant A and Plant B, the total ability of SMG will be 750,000 units. Together with Maruti Suzuki India s production ability of 1.5 million units, Suzuki s production ability of automobiles in India will be 2.25 million units. All automobiles that wi ....

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Sensex, Nifty drift lower in early trade; breadth negative

Key benchmark indices are trading lower in early trade on selling pressure in index pivotals as trading resumed after long weekend. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 390.27 points or 0.78% at 49,639.56. The Nifty 50 index was down 99.40 points or 0.67% at 14,767.95.
The S&P BSE Mid-Cap index was down 0.47%. The S&P BSE Small-Cap index was down 0.53%.
The market breadth, indicating the overall health of the market, is negative. On the BSE, 882 shares rose and 1158 shares fell. A total of 142 shares were unchanged.
Meanwhile, in the wake of rising COVID-19 cases in Maharashtra, Uddhav Thackeray-led state government on April 4 imposed new curbs to control the transmission rate of the contagion. Maharashtra will be put under night curfew from 8 pm to 7 am from April 5. ....

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M&M auto sales surge 505% YoY in March | Business Standard News

Mahindra & Mahindra (M&M) announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for March 2021 stood at 40,403 units, up 505% compared with 6,679 units in March 2020.
Sequentially, the company s auto sales surged 40.40% in March 2021 from 28,777 units sold in February 2021.
In the utility vehicles (UVs) segment, M&M sold 16,643 vehicles in March 2021, compared with 3,111 vehicles in March 2020, registering a growth of 435% YoY (year-on-year). The passenger vehicles segment (which includes UVs, cars and vans) sold 16,700 vehicles in March 2021, recording a growth of 394% over 3,383 units during the same period last year. Total exports for the month of March 2021 were at 2,126 vehicles, up by 284% from 554 vehicles sold in the same period last year. ....

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