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Maruti cuts production by 32% in March

INDIA's largest carmaker Maruti Suzuki India has decreased production by 32.05 per cent in March, according to a regulatory filing by the company.

The company produced a total of 92,540 units in March as against 1,36,201 units in the year-ago month, the auto major said.


Passenger vehicle production last month stood at 91,602 units as against 1,35,236 units in March 2019, a dip of  32.26 per cent, it added.

Production of mini and compact segment cars, including Alto, S-Presso WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 67,708 units as against 98,602 units in March last year, down 31.33 per cent.

Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross, however, declined by 14.19 per cent to 15,203 units as compared to 17,719 units a year ago.

Mid-sized sedan Ciaz saw its output go down to 2,146 units in March from 3,205 units in the same month last year.

Light commercial vehicle Super Carry's production declined to 938 units last month from 965 units in March 2019, the filing said.

In February, the automaker had cut its production by 5.38 per cent to 1,40,933 units.

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London tourist levy

The capital recorded 89 m overnight stays in 2024

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London to introduce tourist levy that could raise £240 million a year

Kumail Jaffer

Highlights

  • Government expected to give London powers to bring in a tourist levy on overnight stays.
  • GLA study says a £1 fee could raise £91m, a 5 per cent charge could generate £240m annually.
  • Research suggests London would not see a major fall in visitor numbers if levy introduced.
The mayor of London has welcomed reports that he will soon be allowed to introduce a tourist levy on overnight visitors, with new analysis outlining how a charge could work in the capital.
Early estimates suggest a London levy could raise as much as £240 m every year. The capital recorded 89 m overnight stays in 2024.

Chancellor Rachel Reeves is expected to give Sadiq Khan and other English city leaders the power to impose such a levy through the upcoming English Devolution and Community Empowerment Bill. London currently cannot set its own tourist tax, making England the only G7 nation where national government blocks local authorities from doing so.

A spokesperson for the mayor said City Hall supported the idea in principle, adding “The Mayor has been clear that a modest tourist levy, similar to other international cities, would boost our economy, deliver growth and help cement London’s reputation as a global tourism and business destination.”

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