Shares of automobile companies are under pressure in morning trades on concerns of slowdown in demand for petrol vehicle after the state-owned oil marketing companies raised the price of petrol by a record Rs 6.28 a litre.

The BSE Auto index was one of the worst hit today in intra-day deals, slipping over three per cent as compared to a two per cent drop in the benchmark indices.

Auto sector stocks are amongst the worst hit in trades thus far with the BSE Auto index slipping around 3.2 per cent, or 332 points, in noon deals.

Maruti Suzuki India is trading lower by 3% at Rs 1,214 on reports that the company have downscaled its proposed investment plans in Mehasana, Gujarat.

The Nifty futures open interest increased by 2.90% while Minifty futures open interest is increased by 4.32% as market closed at 4907.80 levels. The Nifty May future closed at a discount of 19.55 point against a premium of 2.45 points.

Maruti Suzuki India has slipped 3% to Rs 1,223, its lowest level since February 14, in morning trades on the Bombay Stock Exchange.

The country's largest car maker Maruti Suzuki India has raised the prices of the new diesel variants of its sedan DZire by up to Rs 12,000 from this month, citing input costs pressure.

Shares of frontline automobile companies such has Tata Motors, Bajaj Auto and Maruti Suzuki India are trading lower by 1-3% after reporting a single digit growth in passenger vehicle sales in the domestic market during the month of April 2012 over

The company had sold 97,155 units in April last year.

After plummeting to a 52-week low in December 2011, shares of Maruti Suzuki have risen 51 per cent to Rs 1,370. Given that FY12 has been one of the most difficult years for the company, both in terms of profitability and volumes, the management believes

The country's largest car maker Maruti Suzuki India today said its cumulative exports have crossed one million units with the milestone car headed for Denmark.

In its drive to cut costs, Maruti Suzuki India is expanding the basket of raw materials sourced jointly with vendors apart from hedging forex together to avoid averse currency movements.

Maruti Suzuki (India) is trading lower by over 2% at Rs 1,365 after reporting a marginal 3% year-on-year (y-o-y) drop in net profit at Rs 640 crore for the quarter ended March 2012. However, analysts had expected a net profit of Rs 544 crore from the

Hit by adverse foreign exchange fluctuations and higher input costs, the country’s largest car maker Maruti Suzuki India Limited (MSIL) is looking at reducing its buying costs by three per cent every year to improve profit margins.

The country's largest car maker, Maruti Suzuki India (MSI), on Saturday said its net profit declined by 3.04 per cent to Rs 639.8 crore for the fourth quarter ended March 31, 2012, over the same period in the previous financial year.

Maruti Suzuki, India's biggest carmaker, beat estimates with a smaller-than-expected 3% fall in fourth quarter net profit, its third consecutive quarterly slide on sluggish sales growth and tighter margins.

Emboldened by the recognition of their union, workers at Maruti Suzuki India’s Manesar plant are understood to have demanded a raise in their basic salaries, as high as five times in some cases, ahead of the scheduled wage negotiations with the

Two-wheeler maker Suzuki Motorcycle India Private Limited (SMIPL) on Monday laid the foundation stone for its second manufacturing facility in the country at Rohtak in Haryana.

For those shying away from driving home their dream vehicles, this may be the right time to go for it. Automobile manufacturers are offering freebies, ranging from gold coins and LED televisions to record discounts, to push petrol vehicle sales.

Intensifying its effort to scale up R&D infrastructure, the country's largest car maker Maruti Suzuki India today laid the foundation stone for its Research & Development Centre and Proving Ground at Rohtak.