Irked by delays in the divestment of sick state-run company Scooters India, if no headway is made in the next month, Rajkot-based three- wheeler maker Atul Auto will start to look at other options, including an entry into the four-wheeler commercial vehicle segment. The BSE-listed automaker was interested in acquiring a majority stake in Scooters India, an ailing public sector undertaking in which the government was considering divestment. In May, the government had announced plans to divest its entire 95.38 per cent stake in the sick firm, which primarily manufactures three-wheelers and has been in the red since FY’03.
As of now, it is keen to acquire Scooters India, as both make similar products in terms of front-engine three-wheelers. But the delay is forcing it to look for other options. The three-wheeler major is contemplating the establishment of a four-wheeler facility in Gujurat, with an investment of around Rs 200 crore. Initially, the company plans to manufacture 10,000 LCVs and later double the capacity. It will take 16-18 months to set up the plant. The company is looking for a partner whose technology will help it enter this segment.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 8576.45 |
| Hero MotoCorp | 4111.90 |
| TVS Motor | 2250.60 |
| Eicher Motors | 5085.80 |
| Atul Auto | 517.35 |
| View more.. | |
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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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