Bajaj Auto is planning to set up its fourth and largest plant near the Mundra port in Gujarat. The plant will also manufacture the long-awaited passenger car the company is developing with Nissan-Renault. The five million unit per annum plant will initially require an investment of over Rs 1,000 crore. Bajaj plans to export at least 60 per cent production from there. The company is already looking for land. Bajaj Auto’s move to look outside Maharashtra, its base, comes after a 15-month dispute with the state government, which has held back its Rs 1,100-crore sales tax refund from April 2010.
Instead, last week, the government slapped a Rs 600-crore notice on the company for non-payment of sales tax for 2009-10. Bajaj Auto, which started in Maharashtra 50 years ago, can make 3.5 million two- and three-wheelers at its plants in Chakan and Aurangabad. Its unit in Pantnagar in Uttarakhand can make 1.5 million vehicles.Bajaj Auto is the third large automobile company that is upbeat on Gujarat. Tata Motors already makes Nano in Sanand. Maruti Suzuki is looking at the state for its foray outside north India. Ford India has kept the state in its shortlist for expanding outside south India.crackcrack
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9471.50 |
| Hero MotoCorp | 4791.20 |
| TVS Motor | 2414.00 |
| Eicher Motors | 4982.70 |
| Atul Auto | 547.25 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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