The company posted earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 2,048 crore, down 38.5 per cent from Rs 3,330 crore in Q1 FY19.
GST Council also decided to reduce the rate on Electric Vehicle Chargers from 18 per cent to 5 per cent. The new rates will come into effect from the 1st of next month.
On a standalone basis, Maruti Suzuki's net profit of Rs 1,435 crore was down 27.3 per cent from the year-ago's Rs 1,975.3 crore. Revenue from operation came in at Rs 18,735 crore, down 14.1 per cent on a year-on-year basis.
On the mechanical front, the Everest Kaiyue 400X gets the bigger engine with power coming from a 378 cc twin-cylinder, 8-valve, liquid-cooled motor sourced from Chinese motorcycle manufacturer Zongshen. While little is known about the origins of the motor, the engine is tuned to produce 35 bhp
The India-spec Seltos, on the other hand, will make use of a 1.5-litre petrol engine, a 1.5-litre diesel engine, and a 1.4-litre turbocharged GDI petrol engine.
The RV 400 is already available for pre-bookings on the company's website, as well as on Amazon India, but the price, specifications and other details will be revealed when the RV 400 is launched on August 7, 2019.
The two-wheeler manufacturer said the special edition model, introduced in response to growing customer demand, the MotoGP edition is a nod to its racing heritage.
The upcoming SUV can be booked online and through the carmaker's 200+ sales points across the country. The company is entering India with 265 touch points across 160 cities.
The Bill was prepared after consulting 18 transport ministers from various states. It was also screened by the Parliamentary standing committee and the joint select committee. It was passed by the Lok Sabha but could not be passed in Rajya Sabha