Anticipating rough road ahead, Tata Motors, country’s largest vehicle maker, has embarked upon a major belt tightening exercise, to tackle dwindling demand for its key commercial vehicles business. Towards this development, the company has urged departments to reduce spend and to rationalize travel, stay and even restrict production operations and certain spends on product development.
However, given the seriousness of the current business scenario, the measures are not just limited to Indian operations, but even international subsidiaries like Tata Motors Thailand are undertaking austerity measures to prune down expenses.
Further, even the auto major has embarked upon periodic block closures across plants, due to dwindling demand for heavy and light commercial vehicles across the industry. Plant closures have become a recurring feature, with most factories now functioning on a five-day week, against seven-day week earlier.
Moreover, although reporting intact domestic numbers for the commercial vehicle division, the contribution of Medium and Heavy Commercial Vehicle (M&HC) has been declining. Substitution of M&HCVs by small commercial vehicle segment has mainly hit margins and the cash condition of the company.
Tata Motors registered a 13.43% fall in its total sales (including exports) at 66,500 vehicles for the month of November 2012 as compared to 76,823 units sold during the same month a year ago. The company’s sales of commercial vehicles in November 2012 in the domestic market were down by 0.91% at 44,323 vehicles, compared to 44,732 vehicles, sold in November last year, while sales of light commercial vehicle (LCV) for the month under review coming at 34,828 vehicles, stood up by 21.46%, over 28,673 vehicles, sold in the same period last year. Meanwhile, the medium and heavy commercial vehicle sales (M&HCV) fell to 9,495 units (16,064). Cumulative sales of commercial vehicles in the domestic market for the fiscal were at 342,855 units, cumulative LCV sales were at 243,543 and M&HCV at 99,312 units.
| Company Name | CMP |
|---|---|
| Tata Motors | 791.25 |
| Ashok Leyland | 224.20 |
| Force Motors | 6693.10 |
| Olectra Greentech | 1390.05 |
| SML Isuzu | 1597.75 |
| 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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
Become a savvy and confident
stock investor.
Don't miss out! First 10 users today get it FREE
Download APP
