Wednesday, Oct 15, 2003
Wednesday, Oct 15, 2003 |
| Business | ||||
|
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Obituary | Business
The Managing Director, Maruti Udyog, Jagdish Khattar, with the new Wagon R at its launch in New Delhi on Tuesday.
"There has been some concern over the rising steel prices and the appreciating yen and this might force us to have a re-look at car prices by end-December or early next year,'' the MUL Managing Director, Jagdish Khattar, told newspersons here after unveiling the new look Wagon R. Steel prices have been on the high for quite sometime and have risen by over 20 per cent in recent months. Mr. Khattar said MUL's existing contracts with steel companies were coming up for re-negotiation soon. "Our existing contracts with steel companies are soon going to expire and with prices on the higher side, anything can be expected,'' he said. MUL sources most of its steel from Korea and Japan while a minor share is taken from the domestic companies such as Bhushan Steel and Tisco. The MUL Managing Director also expressed concern over the appreciating yen against the dollar. "While it was 125 last year, the yen appreciated to 118 a few months ago and now is trading around 108. "This is certainly a cause for concern and may force us to have a re-look at prices,'' Mr. Khattar said. Maruti's domestic sales grew 26 per cent in the first six months of this fiscal, with the company selling 1.90 lakh units. However, the company said sales, particularly on the export front, were affected negatively due to a strike at one of its major component vendors DCM Engineering. Mr Khattar said the strike had ended and the company expected normal deliveries to resume soon. — UNI New look Wagon R Our Delhi Correspondent writes: Close on the heels of unveiling of two automatic variants of 1.8 litre luxury car, Optra, by General Motors India yesterday and to tap the festive seasons market, Maruti Udyog today launched new-look and upgraded versions of its compact car Wagon R at the existing prices. The new-look would be uniform in all the four existing variants of the car — the LX, Lxi, Vxi and AX — and would be offered at the same price of Rs. 3.29 lakhs, Rs. 3.56 lakhs, Rs. 3.80 lakhs and Rs. 4.56 lakhs (ex-showroom Delhi) respectively, said Mr. Khattar. The new Wagon R would have features such as redesigned clear headlamp, clear tail lamps, new chrome grille, new upholstery, rear defogger and wheel covers.
Printer friendly
page
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
