The new entity, Volkswagen Group Sales India Pvt Ltd, will be responsible for the sale of locally produced models as well as imported vehicles of the company. More
Courtesy:www.indiacar.net
Archive for July 4th, 2007
The company on Monday reported a 10 per cent increase in commercial vehicle sales during June at 2,464 units, while its year-to-date sales also grew by 14 per cent compared to the same period last year.
“Our expectation is to grow above our current year-to-date rate. Fundamentally, our sales have been driven by an increase in product portfolio in passenger and heavy commercial vehicles segment,” Eicher Motors Chief Executive Officer (Commercial Vehicles) A Ramasubramanian said. More
Courtesy:www.indiacar.net
SMIL sales & marketing V-P Atul Gupta said: “Our research has shown that the Indian customer wants better mileage without compromising on power and aesthetics. We are working on better fuel mileage coupled with high torque (power) in our scooter. More
Courtesy:economictimes.indiatimes.com
Ashok Leyland forms joint venture with Finnish co
Published July 4th, 2007 in Ashok Leyland. 0 CommentsThe equal joint venture would invest Rs 175 crore in the first phase. The venture would initially operate from leased premises and “start operating pretty much immediately,” Mr Panu Routila, Chief Executive Officer, Alteams Group, said at a press conference here on Tuesday.
Mr R. Seshasayee, Managing Director, Ashok Leyland, said the joint venture was looking for some 30 acres near Chennai and had identified a few locations. The venture would achieve a turnover of Rs 280 crore in 2008-09. More
Courtesy:www.indiacar.net
TVS Motors Company sales in June declined to 1,07,117 units compared to 1,26,290 units in June 2006, a fall of 15.2 per cent. More
Courtesy:economictimes.indiatimes.com
TVS Motors two wheeler sales in June 2007 at 107,117 units
Published July 4th, 2007 in Tvs motor. 37 CommentsTVS Motor Company reported total two wheeler sales of 107,117 units in June 2007 compared to 126,290 units in June 2006.
TVS Scooty continues to be the market leader in the sub 100 cc scooter segment recording sales of 25,962 units in June 2007 compared to 25,148 units sold during June 2006. Recently, the company signed on Trisha Krishnan, top South Indian actress, as its brand ambassador.
During the month the company?s motorcycle sales recorded 47,380 units compared to 74,373 units recorded in June 2006. More
Courtesy:www.indiacar.net
Small is beautiful. This is the gospel that country’s largest car maker Maruti Udyog is trying to evangelise in its export markets - even to the sheikhs of the Arab world known for their penchant for fuel guzzling humongous SUVs, as it steps up to boost overseas sales.
The company, which has set an export target of around 2,20,000 units by 2010, is spreading into new markets like the UAE, where it has just started shipments of its best selling small car Alto, and Philippines and Indonesia. More
Courtesy:economictimes.indiatimes.com
The Volkswagen Group on Tuesday announced setting up of a sales company — Volkswagen Group Sales India Private Ltd in Mumbai.
The group’s Indian operations will be headed by the Managing Director, Mr Joerg Mueller, who will also be responsible for managing the newly established group’s sales company in Mumbai.
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Courtesy:www.indiacar.net
It was the small car you could park in the narrowest space on the piazza, as Italian as Prosciutto and espresso. On its 50th birthday the Cinquecento is back, and Fiat says it will become the iPod of cars.
Fiat is launching a new version of the three-door Cinquecento — which means “500″ in Italian — at a ceremony in its hometown of Turin on Wednesday, with the car making its comeback after going out of production in the 1970s.
Fiat’s chief executive says he wants to emulate Apple by making its cars as stylish as the US company’s computers and electronic gadgets, including the mass-selling iPod portable music player. More
Courtesy:economictimes.indiatimes.com
Sector Funds outshine their benchmarks
Published July 4th, 2007 in Bikes, Bajaj auto and Tvs motor. 0 CommentsIndian markets are attaining new highs and scaling new peaks. The mutual fund industry also has upped its ante and an analysis for the mutual fund schemes from the beginning of the year, shows that the sectoral funds have outperformed their benchmarks by a very good margin.
The ongoing rally in banking stocks has seen the banking funds deliver outstanding results and also top the return charts over various return periods. For a six-month period, the Bankex was up almost 12.2%, while the Banking Funds clearly outperformed them and delivered average returns of 19%. There are only two funds in this category - Reliance Banking Fundand UTI Banking Sector . These two funds currently manage assets of more than Rs 200 crore. SBI and ICICI Bank, the leaders in the current rally occupy a prime position in both these funds.
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Courtesy:www.indiacar.net
