Maruti Suzuki Baleno has got off to a flying start with over 21,000 bookings within 15 days of its launch, confirms the Indo-Japanese carmaker. Launched on 26th October 2015, the company sold a total of 4,229 units in just 5 days of its launch. Its rival Honda Jazz, the second best-selling premium hatchback as of now, could manage to maintain a lead of mere 267 units in October despite being on sale for the entire month. Honda sold 4,496 units of the Jazz in the festive month.

Car sales surged 21.8 per cent in October, 12th consecutive month of growth, as robust festive season purchases brought much needed cheer to the auto industry.

According to the data released by Society of Indian Automobile Manufacturers (SIAM), domestic car sales in October this year stood at 1,94,158 units as compared to 1,59,408 units in the same month of 2014.

Japan’s Suzuki Motor Corp on Wednesday lifted its annual net profit forecast by 14 percent, citing better-than-expected earnings in India and windfalls from the sale of its stake in Volkswagen AG.

Japan’s fourth-largest automaker said it now expects a net profit of 125 billion yen ($1.03 billion) for the year to March 31, 2016, up from its previous forecast of 110 billion yen.

Maruti Suzuki India, country’s largest car maker, on Monday registered a rise of 29.10 per cent in its total car sales for the month of October 2015 at 134,209 units, as against 103,973 units in 2014. The company’s domestic sales rose by 24.7 per cent in October 2015 at 121,063 units, as against 97,069 units in corresponding month last year.

Of the total, the company has sold 97951 units of its passenger cars during last month, up by 21.5 per cent as against 80,589 units in 2014. The company’s sales of vans have increased by 30.8 per cent to 13,677 units as against 10,453 units in 2014.

Maruti Suzuki has just launched its new premium hatchback, the Baleno. Named after the erstwhile Baleno sedan, the hatch has a starting price tag of Rs 4.99 lakh for the petrol variant and Rs 6.16 lakh (both prices, ex-showroom, New Delhi) for the base diesel variant.

Prices for the petrol variant go up to Rs 7.01 lakh and Rs 8.11 lakh for the top diesel variant.

After Maruti Suzuki signing wage revision agreement with its workers at its three plants other major automobile companies including Hero MotoCorp, Honda Motorcycle and Scooter India, and several other auto ancillary companies are also in negotiations with their respective labour unions for wage revision agreements in the Gurgaon-Manesar manufacturing belt.

Most of these companies follow the cycle of revision once every three years and the last revision was done in 2012. Wages of over 5,000 permanent workers and almost double number of contractual and temporary workers in various companies in the region will be determined in the wage agreement for the next three years.

Country's largest car maker Maruti Suzuki India will launch premium hatchback Baleno next week, which will be exported to over hundred countries as a 'Made-in-India' car.

"We showcased the car in Frankfurt motor show. By October 26, we will be launching it in India not only to domestic market but also to over hundred foreign markets", Maruti Suzuki India Executive Director R S Kalsi told reporters.

The sensational launch of Renault Kwid in India, priced at a starting Rs 2.57 lakh, and the eye-balls it has grabbed thereafter for its looks and other top features on offer, has forced rival automakers to offer discounts to make sure they stand their ground and maintain their market share.

India’s largest automaker, Maruti Suzuki has priced-in a large discount in its small car Alto 800 (discount range stretches up to Rs 35,000) and Hyundai is offering cut-price deals on Eon (discounts of up to Rs 37,000).

In an effort to tap the festive season, Maruti Suzuki India (MSIL) on Thursday rolled out limited edition of Alto K10 ‘Urbano’, which will be available at an extra price of Rs 16990 over the existing variants.

The Alto K10 Urbano sports 18 new features and is available on the LX, LXi, VXi and VXi (O) trim levels, including CNG.

Maruti Suzuki shares declined over 2 per cent in the morning trade on Monday after Jefferies downgraded the carmaker’s stocks to ‘underperform’ from ‘buy’. According to the global investment bank, Maruti’s strong outlook is in the price and its stock is trading at all-time high multiples.

At 11.41 am, Maruti Suzuki shares were trading 2.22 per cent down at Rs 4478 a piece. The scrip opened at Rs 4,572 and had touched a high and low of Rs 4,572 and Rs 4,475, respectively, in trade so far.

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