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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Defamation case: Application filed in court for voice sample of Rahul Gandhi
Sultanpur (UP) (PTI): An application for obtaining a voice sample of Rahul Gandhi was filed in an MP-MLA court here on Saturday during a hearing in a defamation case against the Congress leader over his alleged objectionable remarks against then BJP president Amit Shah in 2018.
The plaintiff Vijay Mishra's advocate, Santosh Kumar Pandey, said he filed the application requesting that a voice sample of Gandhi be collected and sent to a forensic science laboratory for comparison with a CD that has already been submitted to the court.
Rahul Gandhi's lawyers registered their objections to this demand. The next hearing in the matter is fixed for April 6, Pandey said.
On February 20, Gandhi, the Lok Sabha MP from Raebareli, had appeared before the court and recorded his statement, claiming the case was filed against him due to political vendetta.
He had also told the court that the audio and video evidence submitted by the complainant was incorrect and said he would present his own evidence.
In December 2023, the court issued a warrant against Gandhi after he failed to appear before it. He later surrendered before the court in February 2024 and was granted bail on two surety bonds of Rs 25,000 each.
The hearing was deferred on Friday due to a holiday on Ram Navami.
Pandey said that during the previous hearing, the complainant's side had filed an application seeking verification of audio and video evidence of the alleged statements made by Gandhi by matching them with his original voice.
The case stems from Gandhi's alleged objectionable remarks against Shah during the 2018 Karnataka election campaign. Following the remarks, Vijay Mishra, a resident of Hanumanganj under Kotwali Dehat police station area in Sultanpur, filed the defamation complaint.
