Maruti Suzuki introduces limited edition Alto Xplore

India’s largest selling car now comes in limited edition models from Maruti Suzuki

Maruti Suzuki today introduced limited editions of its highest selling brand Alto. Branded as Alto Xplore, this limited edition is packed with exciting new features, both on the inside and outside. The Xplore models are loaded with more than 10 new convenient features.

The all new limited edition of Alto is launched to coincide with the ongoing festive season. The limited edition is available in top variant—Alto Lxi and Alto-K10 Vxi.

The Alto Xplore models will be available in 6 Colours in both models and will sport an advanced double-din stereo with USB and Bluetooth, Luxurios Leather Seats, Exciting Body graphics, Body coloured bumpers, ORVMs and door handles and Sporty Roof Spoiler.

Alto has sold over 1.48 lakh units in this financial year. Maruti Suzuki launched Alto-K10 in August 2010 which accelerated the sales of India’s best selling model Alto.

On the occasion of launch of the limited editions, Mr. Shashank Srivastava, chief general manager–marketing, Maruti Suzuki India, said “Alto has been the favourite hatchback for Indians. With festive season coming up customers look forward for exciting offers. With the introduction of this limited edition we will cater to this need of Alto buyers.”

Compact and sleek, easy to handle Alto has been India’s bestselling with over 18.11 lakh customers for its lowest cost of ownership, performance and mileage. The car is targeted at wide spectrum of buyers with starting price of 2.32 lakhs ex showroom Delhi and offers different models such as Alto, Alto CNG and Alto K10. It delivers best performance of 68 ps power with advance k-series engine and delivers a high mileage of 20.2 kmpl.

In the late afternoon, Maruti Suzuki was trading at around Rs1073.05 per share on the Bombay Stock Exchange, 1.18% down from the previous close.

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I-T searches at Pipavav group firm in Mumbai, Delhi

Income tax sleuths today searched the premises of Nikhil Gandhi-promoted SKIL Group, which runs Pipavav Shipyard in Mumbai and in the national capital for suspected tax evasion

I-T searches at Pipavav group firm in Mumbai, Delhi Income tax sleuths today searched the premises of Nikhil Gandhi-promoted SKIL Group, which runs Pipavav Shipyard, in Mumbai and in the national capital for suspected tax evasion.

"We conducted the searches from this morning," an I-T source said, adding that though it is being treated as a case of "regular tax evasion" as of now, the department may look into the insider trading aspect as well. An SKIL spokesperson confirmed that I-T officers "visited" its offices in Mumbai and Delhi, and said that the management is cooperating. The I-T sources said they have questioned the brother and sister-in-law of Gandhi and the searches are expected to continue tomorrow. However the company chairman Gandhi, who is away in Delhi, has not been questioned yet, they added.

Shares of SKIL Group's flagship company, Pipavav Defence and Offshore Engineering, tanked by over 4% as the news of the searches trickled in during the trading hours, but recovered to close 0.95% down at Rs83.15 on the  BSE, whose 30-share Sensex closed 2.55% up at 16,958 points.

Pipavav has been in the news recently for a controversial joint venture it had forged with state owned Mazgaon Docks for construction of vessels for the Navy.

The private company's rivals, including Larsen & Toubro and ABG Shipyard, were quick to cry foul and also got the Defence Ministry to stall the proposal.
However, in a recent media report, a senior defence ministry official was quoted as saying that the ministry has found "no malafide" in selection of partner by the Mazgaon Dock. The fate of the JV is not yet clear.

In the late afternoon Pipavav Defence and Offshore Engineering was trading at around Rs81.80 per share on the Bombay Stock Exchange, 1.62% down from the previous close.

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HUL eyes 13% market share in shampoos by FY13

Hindustan Unilever launched its Dove nourishing oil care range of products -- oil care shampoo, daily treatment conditioner, oil care weekly vita-oils repair mask and oil care vita-oil serum -- in the premium category

Hindustan Unilever (consumer goods giant) said it is looking at cornering over 13% of the shampoo market next fiscal with its leading hair care brand Dove in the next fiscal.

"We have already launched these products globally. Today we have launched it in this market. With this we expect to gain 13%-15% market share in FY13," HUL general manager, hair care business, Piyush Jain said.

He further said "the company entered the hair care segment in 2007 and since then we have achieved a market share of 10%."The shampoo market is estimated to be around Rs3,500 crore. To achieve the target, the company launched its Dove nourishing oil care range of products -- oil care shampoo, daily treatment conditioner, oil care weekly vita-oils repair mask and oil care vita-oil serum -- in the premium category which contains a blend of vita oils including coconut, almond and sunflower oils.

Dove, which initially started as soap brand, has diversified into the hair care and antiperspirant segments recently.

In the late afternoon, HUL was trading at around Rs326.05 per share on the Bombay Stock Exchange, 1.09% down from the previous close

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