Published September 11th, 2007
in Launches and Swaraj Mazda.
A day after announcing the tie-up with Japan’s Isuzu Motors for manufacturing buses, Swaraj Mazda on Tuesday said it will also launch trucks next year.
“Definitely, we will come out with our trucks, but at the moment we will be focusing on chassis for bus applications for upper end segment,” Swaraj Mazda Managing Director Yash Mahajan told reporters here on Tuesday.
In the first phase, the company would lay emphasis on ultra-luxury buses, while in second phase, it would manufacture economy class buses. In the third phase, it would also make ordinary buses, he said. More
Courtesy:www.indiacar.net
Published August 28th, 2007
in Swaraj Mazda.
Swaraj Mazda announced on Monday that the board of directors on August 27 decided to approve issue of further equity shares on right basis upto Rs 1.20 billion.
Recently the company reported a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the company saw 33.33 times rise in net profit to Rs 60 million from Rs 1.80 million in the same quarter, last year. The net sales for the quarter rose 29.55% to Rs 1,530 million compared with the corresponding quarter, a year ago. More
Courtesy:www.indiacar.net