Maruti to phase out all diesel cars from April next year
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Maruti Suzuki garners nearly 23% of its annual sales from diesel cars
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The carmaker also today announced a hike in prices of some of its models
Maruti Suzuki, the country’s largest vehicle manufacturer, today announced that it will stop manufacturing diesel vehicles from April 1, 2020 when the new BS 6 emission norms will be introduced. The high cost of upgrading existing diesel engines to the BS 6 norms propelled the company to take such a decision.
The company will try to focus on compressed natural gas (CNG) and hybrid technology driven vehicles to compensate the vacuum created by the phasing-out of diesel vehicles.
Mint was the first to report on Feb 14, 2019 that Maruti was in talks with its parent company Suzuki Motor Corporation for discontinuation of diesel vehicles from 2020.
According to R C Bhargava, chairman, Maruti Suzuki India Ltd, from April next year the company will stop manufacturing diesel vehicles since substantially higher development cost will not make diesel a viable option for consumers.
“We have taken this decision so that in 2022 we are able to meet the Corporate Average Fuel Efficiency norms and higher share of CNG vehicles will help us comply with the norms. I hope the union government’s policies will help grow the market for CNG vehicles," added Bhargava.
Apart from that, the company reported a 4.6% year-on-year decline in net profit to ₹1,795 crore for the quarter ending March 31, 2018 as a result of high commodity and forex costs and increased discounts offered by the company to attract buyers since vehicle sales remain subdued.
The total vehicle sales of the company increased by just 0.4% year-on-year to 4,28,863 units while the net sales or revenue dropped by 0.7% year on year to 20,737.5 crore. The operating margins contracted by 300 basis points due to increase in commodity cost and discounts.
In the full year FY 19, the New Delhi-based company reported 2.9% decease in net profit to ₹7,500.6 crore while the revenues grew by just 6.3% to ₹8,3026.5 crore.
According to Ajay Seth, Maruti's executive director, Finance, overall increased discounts offered to customers and commodity costs had an adverse impact on the financials of the company in FY 19 and the company will cut costs in different part of its operations to stabilise the operating margins in FY 2020.
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Mass funeral of four brothers leaves UAE community in mourning after fatal road accident
Report: Thufail Muhammad Abudhabi
Dubai: The funeral of four young brothers who died in a tragic road accident near Abu Dhabi drew hundreds of mourners to the Al Qusais cemetery on Tuesday evening, leaving the UAE’s expatriate community in deep shock and grief.
The children Ashaj (14), Ammar (12), Azaam (8) and Ayyash (5) were the sons of Abdul Latheef and Ruksana, natives of Kerala’s Malappuram district. The family was returning to their Dubai residence after attending the Liwa Festival on the outskirts of Abu Dhabi when their car met with a fatal accident early Sunday morning.
Three of the children died on the spot, while Azaam succumbed to his injuries on Monday evening during treatment. The family’s domestic helper, Bushra Fayaz (49), also lost her life in the crash. Her body was repatriated to India on Monday night, and funeral rites were held in Kerala on Tuesday.
Abdul Latheef, who sustained injuries in the accident, arrived at the cemetery from Abu Dhabi in a wheelchair, his hand in a sling, to attend the burial of his sons. Mourners described the scene as one of the most heartbreaking they had ever witnessed.
“I have never seen the mass burial of children from the same family. It was devastating for everyone present,” said a social worker who assisted the family.
The couple’s only daughter, Izza (10), survived the accident with minor injuries and is undergoing treatment. Unaware of the loss of her brothers, she was seen playing on a mobile phone from her hospital bed.
Relatives said informing the parents about the tragedy was handled with extreme care. Abdul Latheef was told late on Sunday night, while Ruksana who had undergone surgery for an injury to her hand was informed only on Tuesday after counsellors were brought in to break the news professionally.
Before the burial, the parents were allowed to see their children one last time. Ruksana was taken by ambulance to the mortuary, while Abdul Latheef obtained special permission for temporary discharge from hospital to attend the funeral. Ruksana remained hospitalised with her daughter.
Though the family holds Ras Al Khaimah visas, special permission was obtained to conduct the burial in Dubai, where the family resides and where most relatives are based. Community members expressed gratitude to the Dubai authorities for facilitating the process.
Abdul Latheef runs a business in Ras Al Khaimah, while Ruksana works as a property consultant in Dubai. All five children were students of Arab Unity School in Dubai, following the British curriculum. The school management issued a circular to parents outlining measures to support students and families affected by the tragedy and advising on how to discuss the loss sensitively with children.
The cause of the accident has not yet been officially confirmed by Abu Dhabi Police. Public discussions have pointed to possible factors such as dense winter fog and overspeeding, though authorities are yet to release findings.
