Maruti Suzuki announces 2-day shutdown of Gurugram, Manesar plants
New Delhi: India's biggest carmaker Maruti Suzuki today announced no-production days at Gurugram and Manesar plants on 7th September and 9th September 2019.
In a statement to stock exchanges, Maruti Suzuki India said it has decided to shut down the passenger vehicle manufacturing operations of Gurugram and Manesar plants in Haryana for two days, on 7th and 9th September, 2019. Both days will be observed as no production days.
Maruti Suzuki shares were trading 3.5% lower at ₹5,843 apiece as compared to a 0.50% gain in benchmark index Sensex.
Many automakers in Indian have been cutting production as passenger vehicles sales are set to fall for a tenth consecutive month in August. Maruti Suzuki India had cut its production by one-third in August, making it the seventh straight month that the country's largest car maker reduced its output.
The government had in August announced a slew of measures to prop up the automobile sector but industry experts have termed them inadequate.
The auto industry has sought immediate steps from the government, including reduction in GST rates and initiation of scrappage policy, as sales continued to plummet.
Maruti Suzuki India on Sunday reported a nearly one-third decline in sales at 1,06,413 units in August. The company had sold 1,58,189 units in August last year. Domestic sales declined by 34.3 per cent at 97,061 units last month as against 1,47,700 units in August 2018. Sales of mini cars comprising Alto and WagonR stood at 10,123 units as compared to 35,895 units in the same month last year, down 71.8 per cent.
Sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, fell 23.9 per cent at 54,274 units as against 71,364 cars in August last year.
Mid-sized sedan Ciaz sold 1,596 units as compared to 7,002 units earlier.
However, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, rose 3.1% at 18,522 units as compared to 17,971 in the year-ago month, MSI said.
Exports in August were also down by 10.8% at 9,352 units as against 10,489 units in the corresponding month last year, the company said.
Courtesy: www.livemint.com
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DK district Congress demands probe into alleged 'audio clip' of Nalin Kumar Kateel
Mangaluru, Jul 24: Congress leader and former minister B Ramanath Rai on Saturday criticised Dakshina Kannada MP and state BJP president Nalin Kumar Kateel over the recent viral audio clip that purportedly shows him discussing a leadership change in Karnataka and demanded a probe into it.
In the audio clip which went viral on July 18, Kateel is allegedly heard saying that the entire team of ministers, including K S Eshwarappa and Jagadish Shettar will be removed, and though there were three names for chief minister's post, they will not be considered.
However, Kateel has denied that it was his voice in the audio and asked the Chief Minister to hold an investigation.
Rai said BJP MLAs in the district can recognise the voice of Kateel, who has been here for 15 years.
The MP has admitted that the government is corrupt on the audio clip, which went viral on social media. It is undoubtedly the voice of Kateel, he said.
Demanding a probe in the matter, Rai said the police commissioner is an expert in handling cases relating to social media, but probe into this case has been delayed.
Rai also criticized the government on the ED raids on Dainik Bhaskar and Bharath Samachar soon after the two newspapers reported the Pegasus controversy.
