Archive for February 2nd, 2008
Both domestic and total monthly sales (including exports) cross the 50,000 mark for the first time this fiscal.
Tata Motors reported a fall of 1.16% in total sales at 54,796 vehicles for the month of January 2008 as compared with 55,440 vehicles sold in January last year. The total monthly sales has crossed the 50,000 mark […]
Fat sourcing deals. Million-dollar acquisition stories. Bulge-wallet reserves. India’s auto component companies never had it so good, right? Well, not exactly. Behind the deal frenzy and sourcing saga, there’s an alternative reality — of margin squeeze, competitive pressure and search for scale.
Speak to any top-auto component CEO and the feedback is almost identical. While those […]
Emkay maintains `ACCUMULATE` rating on Bajaj Auto
0 Comments Published February 2nd, 2008 in Bajaj auto.
Emkay maintained an ACCUMULATE rating on Bajaj Auto (Q, N,C,F)* (CMP: Rs 2,356) with a target price of Rs 2,905.
The analysts at Emkay say that Bajaj Auto reported its Q3FY08 numbers inline with their expectations. While net sales at Rs 25 billion (YoY decline of 2.6%) were below their expectations by 4%, operating performance was […]
Hyundai makes India its biggest foreign production site
0 Comments Published February 2nd, 2008 in Hyundai Motors.
Hyundai Motor Co, South Korea’s top automaker, on Saturday opened its second plant in India, making the country its biggest foreign manufacturing site.
The South Korean car giant has opened the second new plant in Chennai to take on growing competition and cementing India’s position as a global hub for small cars. More
Courtesy:economictimes.indiatimes.com
Cars in top gear, two-wheelers skid
0 Comments Published February 2nd, 2008 in Honda India, Hyundai Motors, Skoda Auto India, Tata Motors, General motors India, Maruti Suzuki.Call it the Auto Expo effect. New models helped boost car sales in January as Hyundai, GM, Skoda and Honda each clocked 30-50% growth. But some of the volume players like Maruti and Tata Motors weren?t on overdrive and the two-wheeler majors continued to be stuck in first gear. According to auto analysts, December?s pent-up […]
Maruti Suzuki raises prices by Rs 1,000-11,000
0 Comments Published February 2nd, 2008 in Maruti Suzuki.Car maker, Maruti Suzuki India Ltd, said on Saturday it had raised prices of many of its models by Rs 1,000-11,000, mostly due to higher raw material prices. More
Courtesy:economictimes.indiatimes.com
January proves a good start for car makers
0 Comments Published February 2nd, 2008 in Maruti Suzuki.It was a good beginning for car makers in the New Year with most of the companies registering a healthy growth over the previous year.
While most of the companies registered a growth of over 40 per cent, the country?s largest car maker, Maruti Suzuki India Ltd?s sales were up by a modest 4.23 per cent.
A […]