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Thursday, September 24, 2009

Maruti India halts SX4 production

The country's largest car maker, Maruti Suzuki India (MSI), has temporarily stopped production of its mid-sized sedan SX4.

According to industry sources, the company stopped its production of the car's current model to change the engine configuration which would be in compliant with the Bharat Stage-IV norms.

April 2011 onwards, 11 cities in India are to upgrade to the Bharat Stage-IV emission norms. Maruti Suzuki's SX4 is currently in compliant with only Bharat Stage-III norms.

When contacted, an MSI spokesperson said: "We don't comment on specific model production".

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 30
06:30 ANZ Activity Outlook 1 40.9 34.8
06:30 TD-MI Inflation Gauge (YoY) 2 2.4% 2.6%
06:30 TD-MI Inflation Gauge (MoM) 1 0.1% -0.4%
07:00 Private Sector Credit (YoY) 1 6.9% 6.7%
07:00 Private Sector Credit (MoM) 1 0.5% 0.7% 0.7%
11:30 Gross Domestic Product (QoQ) 3 0.7% 0.7%
11:30 Gross Domestic Product (YoY) 3 1.3% 1.3%
11:30 Total Business Investment (QoQ) 1 5.8% 5.9%
11:30 Total Business Investment (YoY) 1 8.1% 8.1%
11:30 Nationwide Housing Prices s.a (MoM) 1 0.5%
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