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Mauruti to Double Production at Manesar Plant

admin — Fri, 08 Jan 2010 14:22:29 +0000

Familiar Haldiram's Tower in Manesar

Mauruti plans to increase production out of the Manesar plant in 2010. Already, 1 in 2 new vehicles purchase in India is a Maruti product, and the increase is expected to help Maruti keep things that way.

Maruti Suzuki MD Shinzo Nakanishi said: “Starting this year, there will be very high pressure on us from all sides, including pressure from (commodity) prices and from competition. But, we will do everything to defend our 50 per cent market share. We will try to absorb the price increase as much as possible.”

Meanwhile, Business Standard reports that engineers are now working on a new entirely Indian Built compact vehicle. It is reported to be constructed on an existing compact vehicle platform.

At Least Someone Is Hiring – Fullerton Securities

admin — Wed, 16 Dec 2009 22:48:16 +0000

According to an article by the Economic Times, Fullerton Securities & Wealth Advisors Ltd today said it will hire 300 more people by the end of the current fiscal year. The Gurgaon based company has stated that these positions will be based in North India.

Fullerton currently has 9 locations across North India with plans to add 2 additional locations.

Gurgaon To Get Private Metro Service

admin — Wed, 16 Dec 2009 22:15:54 +0000

While Delhi Metro slaves away on the line connecting Gurgaon’s office complexes with Delhi’s housing, we are hearing word that final approvals will soon be granted for Gurgaon’s internal metro line.

The internal metro service being proposed by a consortium of IL&FS and DLF will connect with the Delhi Metro, and service DLF’s residential communitites and business centers. It is being rumored that a common ticketing platform may be in place making it easier for commuters to connect with Delhi Metro Rail.

While this is an exciting development, concern continues to mount in Gurgaon over the lack of a quality public transportation option. While many are confident the Metro connection with Delhi will alleviate some of the traffic, concerns remain over the sorry state of many main roads throughout Gurgaon.