Mangaluru: All new Ciaz launched at NEXA
Mangaluru, August 28: The Maruti has launched its all new Ciaz sedan variant at NEXA on Airport Road here on Monday.
Mandovi Motors, the first Maruti dealer in Karnataka, Chairman Aroor Kishore Rao, director Aroor Sanjay Rao, CGM Nerenki Parshwanath, AGM (Sales) Chetan Shriyan, Customer Muhammad Shafeeq on behalf of Fatima Zohra Mumtaz, Sohan Alva and Adrian Alva were present during the launching of the vehicle.
Being the first Maruti dealer in Karnataka, the Mandovi Motors, with its largest number of sales, workshops and True Value outlets, has sold over 3.7 lakh cars and serviced over 4.1 million cars over the last 34 years in Bengaluru, Mysuru and Mangaluru.
Ciaz is the first car in India to be powered by next generation Smart Hybrid Technology with Lithium-ion battery and a revolutionary new engine i.e all-new 1.5 litre K15 Petrol Engine for enhanced performance with dynamic new front design and advanced safety features.
Over the past four years, Ciaz has redefined the sedan segment with its class leading space, design and sophistication.
Launched in 2014, Ciaz became the most popular mid-size premium sedan under A3 segment. Maintaining its leadership in the segment, Ciaz has sold over 2,20,000 units since its launch.
Retailed through the NEXA network, Ciaz has set a benchmark for customers in the mid-sized premium sedan market. The top end (Alpha) variant of Ciaz contributes a phenomenal 41% of its total sales.
“With fresh changes, we are confident that the new Ciaz will present a complete package in line with aspirations of evolving customers”, a statement from NEXA said.
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RBI keeps policy rate unchanged amid inflationary pressure
Mumbai (PTI): The Reserve Bank on Wednesday expectedly kept interest rates unchanged amid hopes of a global recovery on the back of ceasefire in the six-week-long US/Israel-Iran conflict.
The policy decision comes as a month and a-half-long West Asia conflict has disrupted energy supplies, shot up crude oil prices and created fiscal and inflationary pressures for import-dependent nations like India.
This is the first monetary policy review after the government announced a fresh inflation target for the RBI last month. The government has asked the RBI to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five years ending March 2031.
Announcing the first bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to retain short-term lending rate or repo rate at 5.25 per cent with a neutral stance.
The rate cut pause comes on the back of the consumer price index (CPI) based headline retail inflation that moved closer to the RBI's medium-term target of 4 per cent at 3.21 per cent in February.
Additionally, the rupee has depreciated by over 4 per cent since the war, which has consequences for pushing up import inflation.
However, the rupee has appreciated by 50 paise to 92.56 against US dollar following announcement of the ceasefire by the US and Iran.
Based on the recommendation of the MPC, the RBI reduced the repo rate by 25 bps each in February, April, and December 2025 and 50 basis points in June amidst easing retail inflation.
India's retail inflation dropped to a historic low of 0.25 per cent in October 2025, marking the lowest level since the Consumer Price Index (CPI) series was introduced.
However, the rupee declined to historic low and crossed 95 against a dollar last month making imports costlier, raising fears of rise in inflation. Rupee touched a record low of 95.21 on March 30, 2026.
