Courtesy:www.indiacar.net
Archive for July 26th, 2007
Courtesy:www.indiacar.net
The Reva’s Deputy Chairman and the Chief Technology Officer, Mr Chetan Maini, told a news conference that the technologically advanced car is also equipped with a `boost’ mode for short-term acceleration and power. It also has a “hill restraint” feature which allows enhanced negotiation on slopes. The new model costs Rs 3.49 lakh. More
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Maruti Udyog posted 26% increase in net profit to Rs 499.6 crore for the quarter ended June 30, 2007 as compared to Rs 369.57 crore for the same quarter previous year. More
Courtesy:economictimes.indiatimes.com
Hindustan Motors loss narrows in Jun`07 qtr
Published July 26th, 2007 in Hindustan Motors. 0 CommentsNet sales for the quarter declined marginally 0.90% to Rs 1,402.00 million from Rs 1,414.70 million for the quarter ended June 2006.
Total income rose 0.12% to Rs 1,435.9 million for the quarter ended June 2007 from Rs 1,434.2 million for the same quarter, last year. More
Courtesy:www.indiacar.net
Maruti Udyog to be renamed Maruti Suzuki India
Published July 26th, 2007 in Hyundai Motors. 26 CommentsIn the new name, Maruti continues to have a predominant position. Suzuki, in the corporate name, imparts an international dimension. Besides being the parent company, Suzuki Motor Corporation is a leading player in the global automobile market. More
Courtesy:economictimes.indiatimes.com
Hero Honda`s Q2 expected to remain sluggish: Networth Stock Broking
Published July 26th, 2007 in Bikes. 17 CommentsThe analysts at Networth Stock Broking are of the opinion that Hero Honda posted lower than expected numbers for Q1 mainly due to higher than expected contraction in EBITDA. They asserted that a richer sales mix helped the company post a 3.5% Y-o-Y growth in net sales despite a 3.8% Y-o-Y drop in volumes. The EBITDA margins declined over 273 bps Y-o-Y to 10.76% largely due to higher material costs and promotional costs. A Y-o-Y drop of 25.6% in other income further led to a drop of over 20% in Y-o-Y net profits. More
Courtesy:www.indiacar.net
Nirmal Minda group hunts for acquisitions in Europe
Published July 26th, 2007 in Research/Surveys. 35 CommentsGurgaon-based auto component manufacturer Nirmal K Minda group is scouting for an acquisition in the European region. The group also announced that they have entered into a joint venture with the French automotive company Valeo Electrical Systems.
NK Minda group’s managing director Nirmal K Minda said: “We are forming a joint venture with the Valeo Electrical Systems. Valeo will hold about 66.7% and the rest 33.3% will be with us. The new venture would focus on manufacturing alternators and motors for passenger cars and will be called Valeo Minda Electrical Systems India (VMESPL).” More
Courtesy:economictimes.indiatimes.com
