Year: 2007

India’s top bus and truck maker, Tata Motors’ vehicle sales in August fell 0.4% to 45,144 units from 45,325 units a year earlier. Commercial vehicle sales in the domestic market rose 1.6% to 23,431 units from 23,069 units a year earlier, while sales of cars and utility vehicles fell 5% to 16,620 units. Exports in August 2007 rose 8% to 5,093 units from 4,715 units a year earlier.

Chairman Ratan Tata confirmed on Friday, 24 August 2007, that he is interested in acquiring Jaguar and Land Rover from their parent, Ford. Tata’s interest in Jaguar and Land Rover stems from a desire to expand Tata Motors’ global presence.

Financial services firm Cholamandalam DBS Finance announced during the market hours today, 3 September 2007 that it has approved the issue of three rights shares for every eight shares held in the company at Rs 140 each. The total rights issue size is Rs 200 crore.

Net profit of Cholamandalam DBS Finance rose 136.83% to Rs 8.36 crore on 177.41% rise in operating income to Rs 168.11 crore in Q1 June 2007 over Q1 June 2006.

Freshtrop Fruits advances ahead of board meet for bonus. The company that its board will meet on Monday, 3 September 2007 to consider the issue of bonus shares.

Maruti Udyog said it sold 65,958 vehicles in August 2007, up 27% from 51,855 vehicles sold in the same month last year. The company sold 60,229 units in the domestic market, up 25% percent from 48,259 units a year earlier. Maruti’s exported 5,739 units, up from 3,596 units last year.

Maruti Udyog’s net profit rose 35.2% to Rs 499.60 crore on an 25.8% rise in sales to Rs 3930.82 crore in Q1 June 2007 over Q1 June 2006

JSW Steel announced that the company has posted the highest ever crude steel production with 32% growth in August 2007. The company has created a new milestone with the highest production record in the month in all product categories except galvanized product.

The company has also shown 21% growth in volumes sequentially in crude steel, 11% growth in hot rolled (HR) Coils and 19% growth in HR plate products in August 2007 over July 2007.

JSW’s net profit rose 151.2% to Rs 427.78 crore on a 37.2% increase in sales to Rs 2190.72 in Q1 June 2007 over Q1 June 2006.

Bajaj Auto, the country’s second largest two wheeler manufacturer reported 6% fall in overall sales volume for the month of Aug ’07 to 195707 vehicles. The sales volume of two wheelers consisting of motorcycles and scooters declined by 6% yoy to 170203 vehicles with sales of motorcycles was down by 7% yoy at 167483 vehicles. Product fatigue in 100 CC motorcycle segment continue to plague the overall motorcycle volumes of the company. The sales of three-wheeler for the month was 25504 vehicles, down by 2% yoy. However on the positive side the exports volume was up by sharp 75% to 56452 vehicles for the month August’07.

National launch of its new 125 CC DTS-SI motorcycle is scheduled in Sep ’07. The company have commenced production of this new 125 cc DTS-Si motorcycle at its Waluj (Aurangabad) plant and targets a sales of 20,000 units in September 2007. And by November ’07 the company expects to notch volume of 50000 units. The new bike volume is expected to power the monthly sales volume figures of motorcycles on year on year growth commencing Nov’07. With launch of this new model the company expects almost 75% of its motorcycle portfolio would be in the more profitable 125 cc – 250 cc segment