Tata Motors sales up 22% at 78,786 in September 1 Oct, 2011 Tata Motors today reported 22 per cent increase

in total sales during September to 78,786 units, but sales of its small car Nano declined 47 per cent. The company had sold a total of 64,668 units in the same month of 2010, Tata Motors said in a statement. The homegrown firm's total passenger vehicles sales in the domestic market stood at 26,319 units in September, up 10.22 per cent from 23,877 units in the same month last year. The company's small car Nano's sales stood at 2,936 units during the month, down 47 per cent, the company said. The 'Indica' range reported sales of 10,282 units, up 64 per cent from September, 2010, Tata Motors said. In addition, the 'Indigo' family recorded sales of 7,793 units, a decrease of 11 per cent in comparison to the same month last year. Sales of 'Sumo', 'Safari', 'Aria' and 'Venture' grew by 60 per cent to 5,308 units. In the commercial vehicles segment, the company sold 46,247 units in the domestic market in September, compared to 35,734 units in the same month last year, up 29 per cent. Light commercial vehicle sales during the month amounted to 28,092 units, a growth of 47 per cent over last year, while medium and heavy commercial vehicle sales stood at 18,155 units, a growth of 9 per cent compared to September, 2010. The company's exports grew by 23 per cent to 6,220 units last month from 5,057 units in the same month last year, it added.

Maruti Suzuki's September sales decline 20.8% 1 Oct, 2011 Hit by labour issues and dampened consumer sentiment, automobile major Maruti Suzuki Saturday reported a decline of 20.8 per cent in its sales for the month of September, at 85,565 units as against 108,006 units in the same period of last fiscal. According to the company, the disruption in its production facility at Manesar, Haryana, due to labour issues had severely impacted sales and distribution. "The disruption in production owing to the labour issue at the company's Manesar plant during September adversely impacted the sales numbers during the month," the company said in a statement. The Manesar plant manufactures Swift, SX4 and A-star cars. Segment-wise, the company reported a decline of 23.5 per cent in its best-selling compact class brands such as Maruti 800, Alto, A-Star and WagonR with the total sales at 37,324 as against 48,780 in the same period of 2009-10. The sales of mid-size compact car segment, which includes brands such as Swift, Estilo and Ritz, came down by 9.3 per cent at 19,722 units as compared to 21,749 units in the corresponding month of last fiscal. Cars such as Dzire too reported a decrease of 9.9 per cent in sales at 9,411 units from 8,566 units reported in September, 2010. Sales of sedan segment cars including SX4 declined dramatically by 90 per cent in the month under-review and stood at 196 units as compared to 1,965 units in the same period in 2010. Month-long strike at Maruti's Manesar plant ends 1 Oct, 2011 Maruti Suzuki , India's top car maker, said a month-long strike at one of its plants that severely hit production ended on Saturday after workers agreed to sign discipline agreements. Workers at Maruti's Manesar factory in Haryana walked out on August 29 after the company demanded they sign a "good conduct bond", saying some had engaged in sabotage. A Maruti spokesman said in a statement on Saturday it reached a "settlement" and that all workers had agreed to sign the "good conduct bond". Maruti will not pay the striking workers for the period of the strike, the spokesman said, adding the 44 employees against whom it had taken disciplinary action would not be taken back. Representatives of the workers were not available for comment. Maruti, 54.2 percent owned by Japan's Suzuki Motor , had said it would not compromise with the workers who were refusing to sign the discipline agreement, and was steadily hiring new employees. In June, about 800 workers went on a 13-day strike at the plant, crippling production and leading to more than $90 million in lost output.

It is due to release sales figures for September later on Saturday. Swift and Ritz) witnessed a 9. say experts. down 11 per cent. car sales picked up in September with the beginning of the festive season and new launches. 724 people were hired in the automobile sector during April-August.936 units.780 and the compact segment (comprising Estilo. because the auto industry can't stagnate. Auto sector hiring down 22% in FY'12.965 units.749 units in September last year. although it is upbeat on recruitment in the remaining months of the fiscal. The Indigo family recorded sales of 7. "We will launch our much.816 units against 95." According to a report by recruitment tendering platform MyHiringclub. Sales of SX4 fell sharply to 196 units from 1. down 47 per cent. up 10.308 units while sales of Nano continued to drop to 2. flexibility and positive attitude." Auto experts are optimistic that the upcoming festival season will provide a boost to sales as well as the job market. with an alert and creative mind. ( M800. The fuel price hike and increase in interest rates on vehicle finance had badly impacted sales in this industry.324 units from 48. Domestic sales of Hyundai Motors India Ltd (HMIL) grew by 13. candidates having a sound technical background. but outlook has improved 2 Oct. "Although we have hired a pretty high number of personnel in the current fiscal.148 units sold in September. From an organisational perspective. Kumar further said. said. Sales of the Indica range were up 64 per cent at 10. especially diesel variants. translating into a 22 per cent decline. hiring activity in the automobile industry declined by one-fourth compared to last year's hiring activity. HMIL. Despite good response of Maruti Suzuki India Ltd's (MSIL) new Swift which garnered bookings of over one lakh units.722 units from 21. "Overall.9 per cent to 9. 2011." However.com CEO Rajesh Kumar said. which slumped to 78. Sales in the A2 segment ( Santro. marketing and manufacturing and according to them. the auto sector has witnessed a 22 per cent decline in hiring activities in FY2011-12 so far.319 units in September." Experts believe that most of the recruitment will be in the sphere of sales.22 per cent from 23. . "The upcoming festival season will provide a boost to sales and the job market will be lucrative in the remaining months of 2011. Sales of mini-segment cars. Ford GM (HR) Dhananjay Nair said. There is a possibility of an increase in hiring activity in the new financial year. New positions.com.793 units. compared to 1.051 units driven by its new Verna. Kumar said.The company did not give a figure for the production loss in the latest strike.282 units on account of new Vista model. AStar. "The job scenario will be robust in the coming months. i10 and i20) stood at 49. grew by 9. Safari.they are expanding their offices and establishing new plants -. will be created as a result of expansion of capacities and entry of new companies.411 units.3 per cent dip in sales to 19. In spite of a sluggish market we expect Eon to boost our sales and increase market share." MyHiringclub. Arvind Saxena.552 units while in the A3 segment ( Accent and Verna) sales stood at 8. while sales of Sumo. Aria and Venture grew by 60 per cent to 5." Hyundai Senior VP (Finance and Corporate Affairs) R Sethuraman said Echoing a similar view.awaited compact car Eon this month. The rest will be lateral and upward progression.5 per cent to 37. he said. while Nair said that attracting the right talent would be the key to success. director (marketing and sales). sales of DZiRE. 2010. are more likely to get a job. New launches drive up auto sales in Sep October 3. "A few companies .022 in the corresponding year-ago. Alto and WagonR) fell by 23. "We are expecting the same hiring activity will continue till the final quarter of the current fiscal year. 2011 With rising fuel and interest rates affecting vehicle sales adversely. labour unrest hit the company's sales. 2011 After a four-month slump." Tata Motors passenger vehicle sales stood at 26. However.2 per cent to month last year.877 units last year. Sethuraman said that recruiting talented individuals that are able to gel with an organisation's culture remains a major challenge. it is not as high compared to last fiscal. though limited.are hiring.

However." Mahindra Lifespace Developers Chairman Arun K Nanda said on the sidelines of the Global Initiative for Restructuring Environment and Management (GIREM) summit. and the wide-based Nifty at 90. more than double of last year.261 units of Beat and 1. down 292.663 vehicles sold in September 2010.758 units in September. . Maruti edges up as labour row ends October 3.176 units buoyed by the success of its Micra compact car.35 per units driven by its newly launched diesel Beat. "We are seriously considering launching affordable houses. The uptrend in the counter assumes significance as the broader market was trading in the red.807 units in September. respectively.85 points. Nissan Motor's sales rose by 73 per cent to 2. The stock. Honda Siel Cars India. however. from 7. Reacting to the development. the firm expects its new small car Honda Brio launched last month to rev up its sales in the coming days. declined to share further details such as when the company will launch the first such project and what could be the size of the investment involved.70 per cent on the Bombay Stock Exchange and more than 1.90. a growth of 39 per cent over 4. Currently. This was driven by the Polo and the Vento. The takeover man: Anand Mahindra He.35 points lower at 4.099.475 units.603 units of Spark. Maruti Suzuki India's Manesar plant will resume full-scale production from today.56 per cent on the National Stock Exchange to an early high of Rs 1. however. pared some early gains as the session progressed. shares of Maruti Suzuki India rose almost 2 per cent in early trade on the bourses on Monday after the 33-day long standoff between the management and workers of its Manesar plant ended early on Saturday. which does not offer any diesel version of its cars saw sales falling to 4.728 units sold last year.91 points. Volkswagen sold 6. which sold 12. 2011 Defying the broader market trend.845 vehicles in September. while the company agreed to take back 18 trainees that were suspended conditionally. Mahindra plans affordable houses up to Rs 10 lakh October 3. As per the agreement.100. The company sold 5. The recently launched diesel version of Etios sedan and Liva boosted the sales of Toyota Kirloskar Motor Pvt Ltd.General Motors India reported 17. workers agreed to sign the contentious good conduct bond laid down by the management. we are carrying out a study on development of affordable homes. 2011 Business conglomerate Mahindra & Mahindra plans to make an entry into the affordable housing segment with homes priced up to Rs 10 lakh across many cities in the country.160. which sold 1. with the 30-share Sensex trading at 16.85 and Rs 1.852. shares of Maruti Suzuki jumped by over 1.

" The company is planning to develop houses with sizes varying between 400 square feet and 450 sq feet. BAL said during the second quarter this fiscal. It is developing various projects in the National Capital Region.Mahindra Lifespace Developers is the realty arm of Mahindra & Mahindra and presently caters to the middle and high-end housing segment. As per our definition.267. some of the range forward contracts are deemed ineffective. BAL. Nanda said the company is looking for areas that will have better connectivity with employment opportunities. he added. It has already completed many projects in these places. Chennai." he added. we are targeting to build houses up to Rs 10 lakh in larger cities and for Tier-II and III cities. . 2011 Pune-based Bajaj Auto Ltd on Thursday posted profit after tax of Rs 726 crore for the second quarter ended September 30. This is a purely notional loss and would get reversed on maturity of the underlying contracts. up 6 per cent compared to the same period last fiscal." Nanda said. Nanda said: "The definition of affordable homes varies between different developers. he added. As per the principles laid down under the accounting standard AS30. it will be in Rs 5-7 lakh range. Addressing the GIREM summit. He also urged the government to create infrastructure and help developers acquire land at low prices to offer affordable houses.342 crore. up 21 per cent from the year-ago period. The most important thing in implementing such a project is to have discipline in construction. which posted a record turnover of Rs 5. said growth in PAT was lower mainly on account of a forex loss of Rs 95 crore on valuation of forward contracts that have been charged to its profit and loss account.342 crore during the second quarter this fiscal." BAL President Finance Kevin D'sa said. Talking about the locations. it posted record quarterly turnover of Rs 5. Mumbai and Pune. The company's previous highest quarterly turnover was in the first quarter of this fiscal at Rs 5. Bajaj Auto Q2 net up 6% at Rs 726 cr October 20.26 crore. "We have protected our future export realisations by entering into range forward contracts. "We are targeting a construction cost of Rs 700-800 per square foot and it is possible as we are working with an efficient batch of engineers. as the country's "construction industry is the most inefficient industry and it has to change the construction methodology to move ahead with the times.

The broad-based National Stock Exchange index Nifty gained 48.145. the investor confidence remained jittery. Sensex up 154 pts ahead of RBI rate meet October 31. the company said. Bajaj Auto spurted 3.939.570 units in the same period last fiscal. Tata Motors 4. as the monthly derivative contracts settlement has been brought forward by two days to October 25 due to Diwali Holidays.65 with stocks of Reliance Industries. .30 per cent. The gauge touched an intra-day high of 17. and Infosys by 1. Infosys and the auto sector. The previous highest quarterly unit sales volume was achieved in the first quarter at 10. especially in the IT and auto sectors.46 per cent. 2011 The BSE benchmark Sensex on Monday gained 153.12 per cent.35. RIL shot up by 1.00. In the auto sector.44 per cent and Maruti Suzuki by 1.92.815 units.64 points to close at 16.28 on value buying by funds in blue-chips .137 units as against 10. the market will open on Wednesday for a special Diwali's 'Muhurat' trading between 1630 and 1800 hrs. In a brief trading week.104.65 per cent.64. Asian and European markets were firm as EU leaders said they have made "good progress" towards resolving the euro-zone sovereign debt crisis. and will remain close on Thursday. after rising to 5. Brokers said that despite a better trend in the overseas markets. and a firm global trend amid hopes that euro-zone debt troubles may ease soon.88 points.40 points to 5.Total unit sales volume during the quarter grew 16 per cent at a record 11. Fag-end selling wiped off early gains as investors reduced their positions on the eve of monthly settlement in the derivatives segment and the Reserve Bank of India policy meeting on interest hike.098.

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