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Bajaj Auto's net grows nearly 3-fold
Bajaj Auto recorded a near three-fold increase in net profit at Rs 475 crore in the quarter ended December 31, 2009, beating market estimates. India’s second-largest motorcycle maker saw high demand for its vehicles, essentially driven by the high-margin, but low-capacity bikes introduced recently. http://smallpersonalloans.org.uk

Re-engaging with the world
Sunil Jain / New Delhi January 01, 2010, 0:35 IST

News of the day

Hike excise duty on steel, but in phases
Steel Authority of India Limited (SAIL) chairman Sushil Roongta was in Beijing in October for induction in the hallowed committee of the World Steel Association now chaired by Lakshmi Mittal. Being an astute business diplomat, he made use of the visit to find out what China was going to do with its rapid steel capacity build up and production.
Small Business

Chevrolet unveils cruze in Chandigarh

General Motors India unveiled the all new Chevrolet Cruze diesel model in Chandigarh. The car will be available in two variants - LT & LTZ. With the launch of this model, it expects that by the end of this year, it would be able to achieve a growth of 11-12 per cent over the previous year. - General Motors" electric Spark to hit Indian roads in 12 months - Spark Electra to hit Indian roads in 12 months - GM India unveils Chevrolet Cruze - Tengzhong seeks govt approval for Hummer deal - GM India unravels Chevrolet Cruze - GM nears $150 million Hummer sale to Tengzhong "Chevrolet has become a driving force in India’s vehicle market," said Ankush Arora, Vice President - VSSM, GM India. He added, " To enhance the customer experience, we have further expanded our network. As on today, GM India has 195 sales points and 198 authorised service outlets across the country. We intend to take it to 250 sales points and an equal number of authorized service outlets by the close of this financial year. In addition, we have also set up 4 parts distribution centres at Talegaon, Halol, Chennai and Delhi to ensure easy availability of parts." General Motors India is a wholly-owned subsidiary of General Motors Company and has two state-of-the-art manufacturing facilities at Halol in Gujarat and Talegaon in Maharashtra. At present, the Halol and Talegaon facilities together have a capacity of 225,000 units a year. The company is setting up a new line with a 160,000-unit per year capacity at Talegaon to manufacture petrol and diesel engines, which will go on stream by the end of next year, he added.


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