Financial Daily from THE HINDU group of publications
Thursday, Apr 28, 2005
Financial Daily from THE HINDU group of publications Thursday, Apr 28, 2005 |
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Corporate
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Announcements Maruti may raise prices in May — Rolls out five millionth car Our Bureau
Mr Jagdish Khattar, Managing Director, Maruti Udyog, with Mr S. Takeuchi, Joint Managing Director, at the rolling out ceremony of the five millionth Maruti vehicle in Gurgaon on Wednesday. - Kamal Narang
New Delhi , April 27 MARUTI Udyog Ltd (MUL) has said that it might increase prices of its vehicles next month on account of rise in input costs. The prices may go up from May, due to pressure from rising input costs, Mr Jagdish Khattar, Managing Director, MUL, said today. He said the hike is likely to be across all models. Meanwhile, Maruti rolled out the five-millionth car — a WagonR — from its facility in Haryanaon Wednesday. "Maruti's five millionth vehicle is a milestone not just for Maruti, but also for India and Indian manufacturing," Mr Khattar said in a statement. The first Maruti vehicle, a Maruti 800, rolled out on December 14, 1983. The company achieved its first million units in sales in March 1994. The statement added that the five million landmark has come at a time when the Maruti-Suzuki partnership is in the process of increasing its commitment to India. The Maruti board recently approved a proposal to invest Rs 3,272 crore in a new car plant and an engine and transmission facility at Manesar in Haryana.
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