Skip to content
Search

Latest Stories

Maruti raises India production after 9 months of output cut

MARUTI Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand.

The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said in a latest regulatory filing.


Passenger vehicles' production last month stood at 1,39,084 units as against 1,34,149 units in November 2018, an increase of 3.67 per cent, it added.

Production of mini and compact segment cars, including Alto, new WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 1,02,185 units as against 95,883 units in November last year, up 6.5 per cent.

However, production of mini segment cars, such as Alto and S-Presso, fell to 24,052 last month, compared with 30,129 in the year-ago month.

Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross, however, increased by 18 per cent to 27,187 units as compared to 23,038 units a year ago.

Mid-sized sedan Ciaz saw its output rise to 1,830 units in November from 1,460 units in the same month last year.

Light commercial vehicle Super Carry's production increased to 2,750 units last month from 1,797 units in November 2018, the filing said.

In October, the automaker had cut its production by 20.7 per cent to 1,19,337 units.

Similarly, in September the automaker reduced its production by 17.48 per cent to 1,32,199 units.

(PTI)

More For You

Debenhams executive pay

Debenhams said it expects annual adjusted core profit to be ahead of last year

Getty Images

Frasers slams Debenhams over £222 million pay scheme

Highlights

  • Debenhams pushes ahead with executive pay scheme worth up to £222 m without shareholder approval.
  • CEO Dan Finley could earn up to £148 m if share price reaches £3 over next five years.
  • Frasers Group, holding 29.7 per cent stake, calls move "utterly disgraceful" amid long-running corporate tussle.
Struggling British online fashion retailer Debenhams has sparked outrage from its biggest investor after deciding to implement a new executive pay scheme worth up to £222 million without seeking shareholder approval.

Frasers Group, which holds a 29.7 percent stake in Debenhams, condemned the move through its chief financial officer Chris Wootton on Thursday. "Typical corporate governance from them, utterly disgraceful," Wootton said, criticising the retailer's decision to bypass investors.

Under the new incentive scheme, Debenhams CEO Dan Finley could earn up to £148 m and CFO Phil Ellis up to £14.8 m if the company's share price hits £3 over the next five years. Debenhams shares were trading at 22.25 pence on Thursday, down 3.3 percent.

Keep ReadingShow less