The company offers an option to submit bookings online at www.tatanano.com. Within 60 days of the closure of bookings, Tata Motors will process and announce the allotments of 1,00,000 cars in the first phase of deliveries through a computerised random selection procedure. These allotments will be price-protected for the launch prices till delivery of the cars but the booking amounts will not bear any interest for customers. Deliveries of the car will begin in July.Applicants have the option to retain their booking deposit, even if they do not get allotment in the first phase. Those who choose this option will be eligible for interest on their deposit, effective from the date of allotment of the second phase, at 8 per cent for the retention period between one and two years and 8.75 per cent for over two years. Allotment of retainees will be simultaneously communicated along with the allotment of the first 1,00,000 cars.
To cash in on the huge interest Nano has already generated, Tata Motors has charted out an innovative marketing strategy that involves unconventional practices in booking, financing, merchandising and advertising.
Indian Market News, news
1Lakh car, Small car, tata, Tata motors, TATA Nano
Voltas Ltd, and TATA group company is an air-conditioning and engineering solutions provider. While the company’s primary business is providing comfort air-conditioning requirements for homes and offices, malls, airports homes and multiplexes, it also operates in areas which require monitoring of temperature, humidity, or treatment of air. The users in this segment include steel and power plants, petrochemicals facilities and laboratories. The company is also into manufacturing of material handling equipment and provides agency services for selling textile machines and construction and mining equipment. This diversification should provide cushion for the company against any slowdown in any one segment.
The company’s main strengths lie principally in area of, the design and manufacturing of industrial equipments, and management and execution of air conditioning and public work projects. In it’s engineering division the company caters products and services to the Textile industries and mining & construction equipments,
The Company in its results for Q2 FY2009 ahs reported Sales / Income from Operations an increase by 29% to Rs.931 crores, as against Rs.722 crores in the same period last year. Operating Profit has increased by 28% to Rs.89 crores as against Rs.69 crores in the same period last year. Profit after Tax increased by 16% to Rs.62 crores, as compared to Rs.53 crores in the same period last year.
The Company’s Electro-mechanical Projects and Services segment’s revenues grew by 40%. The Order Book of this segment stands at Rs.5575 crores, registering a  growth of 107%.
The Engineering Products and Services segment’s revenues grew by 21%, despite a slow down in demand for capital equipment. Mining & Construction Equipment business achieved 40% growth in sales, over the corresponding period, last year.
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The company share price which has fallen more than Rs. 200 from its 52week high of Rs. 261 to current market price of 61 is currently trading at attractive PEÂ compare to its pears. And the stock which has been recommended by most of the stock brokers and fundamental analysts if good pick at these level and can scale to higher levels in a years time.
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Fundamental Analysis, Stock Tips
invest, long term, tata, Voltas
Continuing their acquisition ride, TATA sons acquired Ford’s Land Rover and Jaguar brands.
Even the markets gave the thumbs down to stock price and the stock was down more than 10% and closed at 679. The company feels that it has made the right decision by buying out the Ford brands and that it will boost the companies performance in the long run.
This was be an all cash deal and TATA’s have paid $2.43b
Investors with long term view can invest in the stock.
Uncategorized
Acquisition, Ford, Jaguar, Land Rover, tata
Even as TATA primes itself for the roll out of its ultra low cost super mini for the common man, the company has drawn up an aggressive new vehicle launch calendar for the current year. The company plans to launch a few of its famous performers like its hatchback INDIGO and its Sports Utility Vehicle SUMO this year.
Mr. Rajiv Dube, President, Passenger cars, TATA Motors said that the new INDIGO CS has the same engine space of the existing one with some improvements to give the look and feel of a Hatchback and a Sedan. The car being less than 4000 mm in length, it will qualify for the size based lower excise duty.
The Sumo Grande, the new version of Sumo utility vehicle that has been redesigned to combine the look and feel of a utility vehicle and a family car. The Sumo Grande will be priced at Rs. 6.55 lakh to 7.49 lakh (ex showroom Delhi for the two variants). The INDIGO price however is decided to be Rs. 25000 higher than the older version of the same.
Tatas will also showcase their people’s car today at 11:30. It is expected to be a 4 door car with 4-5 seating capacity with a rear-engine. It is expected to give a mileage of 25 km to the litre. It will conform to Euro and Bharat Stage III emission norms and meets all safety standards. They plan a commercial launch in second half of 2008.
Indian Market News
common mans car, news, Results, tata