It was a topsy-turvy few months for the Indian stocks. The stocks tumbled, Indian Rupee lost is value in the global market, India's economy grew 6.9% in the last quarter which was the least in the past two years and it was looking for revival in the past few days. What it is meant for the companies?
Tata Motors Ltd., the owner of Jaguar Land Rover, lost 3.1 percent to 177.35 rupees. With AutoExpo in January we could expect some revival in the automotive sector though rupee will take sometime to gain value again in the Global Market.
Speaking of AutoExpo 2012, Tata Motors is planning to unveil the diesel version of the Tata Nano. It is expected to give a fuel efficiency of around 30kmpl to 35kmpl and would cost 
200000 to 300000(aprrox $6000). With most of the diesel cars starting in the 400000 range and with such a fuel efficiency, I think it would create the magic which the petrol nano missed. It has also given some face-lift for the interiors too. As I often say in my posts, with the rise in fuel costs if they promise to offer the same mileage as promised then it is a definite click in the Indian market.
200000 to 300000(aprrox $6000). With most of the diesel cars starting in the 400000 range and with such a fuel efficiency, I think it would create the magic which the petrol nano missed. It has also given some face-lift for the interiors too. As I often say in my posts, with the rise in fuel costs if they promise to offer the same mileage as promised then it is a definite click in the Indian market.
And this years "Fortune India 500" is out. The top spot is bagged by Indian Oil Corporation followed by Reliance Industries Ltd. Tata Motors occupy the 6th spot. Tata Motors has moved two spots up from 8th last year. This means that the company is on the right track towards sales and exports. With a slew products about to be launched and in the R&D and also with JLR in their belt its not a long for them to breach the top spot.
No comments:
Post a Comment