Hero Honda Motors, the world’s largest two-wheeler motorcycle company, is going global with its auto business. The company has aggressive plans for the automotive components space. According to the company, the gears manufactured at the new Rs 30 crore plant will be heading into BRP Rotax products globally. With this 1,20,000 capacity plant, Hero Motors …
Category Archives: Auto Stocks
Bajaj’s new commuter bike the eXceed
For the price consciuos: Bajaj has been trying to grab the No 1 slot from Hero Honda but absence of any pulsar like motorcycle in the commuter segment hinders the company for a long time. Infact Bajaj itself on the record said that it wants to exit the 100cc segment. It cited the low margin …
Tata Motors quarter(Q1) result
record profit from Tata.. While other manufacturers are reporting record loss, Tata Motors reported a 22 percent rise in quarterly standalone net profit, increased by 22% to Rs.466.76 crores, compared to Rs.381.85 crores in the corresponding quarter last year.Tata Motors standalone revenues (net of excise) was Rs.6056.82 crores, an increase of 5% compared to Rs.5749.56 …
Mahindra ‘s quarter (Q1) result
Mahindra and Mahindra Like the two wheeler majors, high interest rate, strengthening of indian rupee and high input cost has bitten scorpio maker Mahindra and Mahindra(M&M). Mahindra posted a 6.36 per cent decline in net profit of Rs 191.17 crore for the first quarter against Rs 204.17 crore last year. Mahindra’s operating margin, a key …
TVS quarter (Q1) result
A result to worry: TVS Motor Company Ltd posted a net profit of Rs 7.55 crore for the quarter ended June 30, 2007, against Rs 21.26 crore in the same month last year. Total income for the April-June period was Rs 801.56 crore compared with Rs 939.62 crore in the quarter ended June 30, 2006. …
Maruti-Suzuki Quarter (Q1) result:
Maruthi vrooms again It’s the 16th consecutive quarter of growth in profit from the maker of Maruthi 800, Esteem sedan and Swift. Yes, Maruti has done it again – Maruti Udyog posted a 35.2% increase in net profit at Rs 499.60 crore for the first quarter ended June 30, 2007 when compared with Rs 369.57 …
Hero Honda’s Q1 – quarter results:
yet another bad quarter: Hero Honda joins the rival Bajaj Auto Ltd. in reporting a drop in first- quarter profit. Hero Honda’s profit fell for the fourth straight quarter the company reported a 20.14 per cent decline in net profit in the first quarter ended June 30 as a result of drop in sales. The …
Tata’s Jaguar acquisition and Ferrari ride
in depth analysis on TATA acquistion of Ford’s Jaguar and Land Rover Tata group which is responsible for India’s biggest foreign takeover, by acquiring the British steel company Corus through his Tata Steel business for £6.7bn earlier this year, is now reckoning for another big acquisition, this time for its automotive division. Tata Motors is …
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Bajaj auto Q1 results
Bajaj auto tumbles: Bajaj Auto sales for the first quarter ended June 2007 were down 4.2 per cent at Rs 2,109 crore as against Rs 2,203 crore and its net profit was down 15 per cent at Rs 226 crore versus Rs 266 crore (YoY). Bajaj’s auto total income dropped from Rs 2,297.22 crore for …
Tata Motors stock news
Tata Motors is expected to borrow $450 million from foreign markets to fund its plans in the fast-growing automobile segments in India, including its proposed small car. Tata Motors has not specified the instruments it would use to raise $450 million overseas, it has said the funds would be for capital and product development expenditures, …