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Archive for October 30th, 2007

Sundram Fasteners Q2 net rises, to pay 45% interim

Published October 30th, 2007 in Bikes. 0 Comments

Sundram Fasteners Ltd recorded total sales and other income of Rs 597.09 crore for the half year ended September 30, 2007 as against Rs 605.02 crore achieved during the same period in the previous year.

Export sales for the period were Rs 167.07 crore as against Rs 186.34 crore during the same period in the previous year mainly due to lower realisation in rupee terms due to strengthening of rupee against US Dollar and softening of the US market. Domestic sales, net of excise duties, increased to Rs 429.40 crore (Rs 417.84 crore) despite slow down in Heavy/Medium commercial vehicles sector and the slump in sale of two wheelers. More
Courtesy:www.indiacar.net

Renault President Ghosn visits Bajaj’s Chakan plant

Published October 30th, 2007 in Bajaj auto and Renault. 0 Comments

Exuding confidence on the success of ‘low-cost car’ project with Bajaj, Renault president and chief executive officer Carlos Ghosn on Monday said the project would continue to advance in a favourable direction for both entities.

“I am confident that this project will continue to advance in a favourable direction for both Bajaj and Renault Nissan Alliance,” Ghosn said while visiting Bajaj Auto’s Chakan plant in Pune today.
More
Courtesy:www.indiacar.net

Renault-Nissan confident of proposed Bajaj alliance

Published October 30th, 2007 in Bajaj auto, Nissan and Renault. 0 Comments

Renault SA and Nissan Motor Co are confident a proposed alliance with India’s Bajaj Auto Ltd for an ultra low-cost car will continue to advance in a favourable manner, the companies said on Monday.

A team from Renault-Nissan visited a Bajaj plant in Chakan near Pune on Monday, and met with Bajaj engineers. “After our discussions in Paris, I am here to further review the proposed alliance for the ultra low-cost car project with Bajaj,” Carlos Ghosn, chief executive of Renault and Nissan said in a statement. Read more
Courtesy:www.indiacar.net

Jaguar race: Tatas in 2nd lap

Published October 30th, 2007 in Tata Motors. 0 Comments

The Tatas are understood to have put in their bid in the second round of bidding for Ford’s marquee brands Land Rover and Jaguar. The Tatas are also looking at retaining the existing management of both companies in case the bids go through, sources added. Although the due diligence has been completed, ET was unable to get the enterprise value. Ford has put a price tag of $1.5 billion for both the brands. Read more

Courtesy:economictimes.indiatimes.com

Ashok Leyland in $500m tieup with Nissan for 3 JVs

Published October 30th, 2007 in Ashok Leyland. 0 Comments

By sewing up a binding master co-operation agreement with Nissan Motor, Hinduja Group flagship Ashok Leyland has formalised its entry into the light commercial vehicle (LCV) segment. The partnership will entail an investment of $500 million, for the formation of three joint venture companies.

The alliance will lead to the birth of three companies. A vehicle manufacturing company with 51% by Ashok Leyland and 49% by Nissan. This will kick-start production in 2010 and will include new generation Nissan Atlas F24 light duty truck, in addition to a range of products covering applications from 2.5 to eight ton gross vehicle weight. Read more
Courtesy:www.indiacar.net

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