For all petrol heads out there
As much as 80 per cent of Eastman Industries’ revenues comes from overseas markets which include Mexico, Columbia and China, among others.
The company’s primary business includes sourcing completely built two-wheelers and three-wheelers from Chinese manufacturers and selling them in Latin American region. More
Courtesy:economictimes.indiatimes.com
Share of the plastics division of Sintex witnessed a robust growth of 61% in revenue. This growth was driven by higher sales of pre-fabricated and custom-molding products. The latter segment of products, which includes auto and electrical components, grew by 43%. More
Courtesy:economictimes.indiatimes.com
Chandra Prakash Singh, Special Commissioner and Transport Commissioner, said that the state of the automobile sector contrasted with a buoyant economy. On road transport in the State, he said that Tamil Nadu accounted for about 10 per cent of all fatal road accidents in the country. The bulk of these accidents were due to collisions of smaller vehicles with large, frequently overloaded, goods carriers. More
Courtesy:www.indiacar.net
Country’s largest automobile company by market value Tata Motors has increased prices across its commercial vehicle range by 2.5 per cent.
Hike in price has been necessitated on account of meeting new mandated regulations for safety and to partially offset increase in input costs, the company said. More
Courtesy:economictimes.indiatimes.com
Avtec, one of the largest players in powertrain (engine and transmission) manufacturing and part of the CK Birla group, is setting up a greenfield facility to supply critical powertrain parts to the Tata Motors Rs 1-lakh car. The company will be investing Rs 100 crore in the first phase at Kharagpur in West Bengal.
Avtec CEO Sudhir Rao said: “We will be producing powertrain sets for 1.5 lakh units of passenger cars and 35,000 commercial vehicles, from the first quarter of 2008. The proposed investment of Rs 100 crore, which will be partly funded through internal accruals and debt in the first stage, will be for powertrain assemblies. More
Courtesy:www.indiacar.net
In a bid to shore up passenger car sales in the domestic market, Tata Motors is firming up plans to launch new cars in 2007-08.
It is likely to unveil a new multi-utility vehicle (MUV) within calendar year 2007, which has been designed by a German engineering company, IAV GmbH (Ingenieurgesellschaft Auto und Verkehr). The new MUV will ride alongside Sumo, the Tata Motors warhorse that has been roaring down the streets for over a decade. More
Courtesy:economictimes.indiatimes.com
Networth Stock Broking keeps `Accumulate` rating on Ashok Leyland (Q, N,C,F)* with a price target of Rs 46.20 (CMP: Rs 42.15).
The commercial vehicle industry remained sluggish during the first half of the fiscal.
Ashok Leyland (AL) management revised its sales guidance downwards to about 91,000 vehicles in the current fiscal. For the first 6 months the company has reported almost flat sales year on year at 34,068 units against 34,066 units last fiscal, thus implying a robust growth of 16.1% in 2nd half to meet guidance. Exports growth is likely to be the key to achieve its target. However, the company has tried to gain from the robust demand in the passenger bus segments. More
Courtesy:www.indiacar.net
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