Maruti Suzuki’s electric vehicles hit Indian roads for testing

Suzuki, the Japan-based parent of India’s largest carmaker Maruti Suzuki, has started real-life testing of electric vehicles in India. The company had, in September, promised to bring 50 units of its electric vehicles to India for conducting tests in real life conditions. “This extensive real-life usage of the vehicles in multiple terrains and climatic conditions […]

Fitch Ratings changes JLR’s outlook to ‘negative’ from ‘stable’

Fitch Ratings has revised Jaguar Land Rover Automotive plc’s outlook to ‘negative’ from ‘stable’, indicating a higher risk of a downgrade in its credit rating in the future. The move comes in the wake of higher investments by the company into research and development and rising depreciation of past investments, resulting in more cash burn […]

Maruti Suzuki employees contribute Rs 1.5 cr to Kerala Flood relief

Maruti Suzuki, India’s biggest carmaker, said it will contribute Rs 3.5 cr, including employee contributions, to the Prime Minister’s National Relief Fund in the context of floods in Kerala. “With regard to the recent floods and colossal damages in Kerala, Maruti Suzuki stands with the people of Kerala and prays for quick rehabilitation of all […]