Skip to content
Search

Latest Stories

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.

More For You

cryptocurrencies

The changes will bring companies providing crypto services, including exchanges and digital wallets, fully into the FCA's remit

Getty Images

UK Treasury sets out rules to bring cryptocurrencies under regulation from 2027

Highlights

  • Cryptocurrency companies will be regulated similarly to stocks and shares under new legislation.
  • Rules aim to boost consumer protection and make it easier to detect suspicious activity.
  • Government also planning to ban political donations made with cryptocurrency.

Britain will regulate cryptocurrencies like traditional financial products from 2027, the Treasury has announced, as it moves to overhaul the rapidly growing digital currency market.

New legislation will require crypto companies to meet standards overseen by the Financial Conduct Authority (FCA), providing consumers with protections similar to those for stocks and shares.

Keep ReadingShow less