Tata Marcopolo is among the top five bus manufacturers in the world. It can produce up to 18,000 buses per annum.
If the deal materialises, the fund infusion would help Suzlon bring down its debt, which was at Rs 17,000 crore at the end of September 2014.
The stock has gained with the company’s sales volumes growing at double the industry average, thanks to growth in truck volumes in the medium and heavy CV segment.
"Considering the Sensex as a barometer, equities have delivered 11% CAGR over the last five years, 17% in the last 10 years and 12.9% in the last 20 years."
The expansion in the market share has been suitably rewarded. The stock has been outperforming benchmark index since the beginning of the last calendar.
The `demand push' strategy of Maruti Suzuki, India's biggest carmaker, to allure car buyers in uncertain times to gain market share appears to be continuously driving earnings growth for the company.
Pricier diesel drives auto demand back to petrol, share of petrol vehicles goes up at Honda, Maruti Suzuki
In the car segment, the share of petrol models has expanded to the highest in five years at 62%. The price difference between diesel and petrol is Rs 10-11.
Export sales volumes, which include motorcycles and three-wheelers, now account for nearly half of its total sales volumes.
According to industry executives, tyre companies such as MRF, CEAT and Apollo Tyres have all introduced price cuts.
Under the GST, a company having a turnover of more than Rs 10 lakh will have to pay the tax against Rs 1.5 crore under the current excise duty structure.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon