News that the government is considering a dual pricing structure for diesel, by removing the subsidy for car-owners is untrue. So is speculation that the government may hike taxes to raise revenues, says the FM.
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
Bajaj Auto’s sales and profit margins both benefited from a better product mix, as it implements its strategy of selling more of its premium brands such as Pulsar and Discover.
M&M’s utility vehicles business will get a boost, after it completes the Ssangyong acquisition. Turning the loss-making around company will be its first priority while integration and benefiting from its technology and product line-up will be next.
M&M’s utility vehicles business will get a boost, after it completes the Ssangyong acquisition. Turning the loss-making around company will be its first priority while integration and benefiting from its technology and product line-up will be next.
Maruti Suzuki’s car sales are settling down into more normal growth rates. During the October-December period, sales growth was quite high because of a low base effect, due to a decline in sales in both domestic and export markets.
The light commercial vehicle maker’s sales jumped by 60% during the quarter its net profit was substantially lower, because of exceptional income earned in 2008-09.
Tata Motors is seeking to make use of JLR’s rising cash flows by leveraging its balance sheet, and refinance existing debt and potentially lower interest costs too.
State Bank of India’s reaction to the credit policy was swift, in a move which will see short term deposit rates spike and all loans will become expensive.
