Tata Nano entered Sri Lanka's taxi market, billed as more comfortable and safer alternative to rickety three-wheel auto rickshaws. It is launching its service with 45 cabs and plans to increase the fleet to 200 within six months.
Sri Lanka became Nano’s first foreign market late last month. Nano service is pitched at a lower price than air-conditioned cabs and as a better alternative to ubiquitous three-wheel taxis. Two weeks ago Nano was launched in Sri Lanka but it costs Rs 925,000 ($8,500), compared to about $3,000 for a basic model in India. The Tata Nano generated world-wide interest when it was launched in 2008, and the company said that plans for further international sales were now in place.
Besides, Tata Motors and Japan-based New Energy and Industrial Technology Development Organization (NEDO) inaugurated an environment-friendly dual-fuel based power generation facility at Tata Motors' Pune plant. The aim of the project is to produce power through clean environment technology.
The company’s net profit for the year ended March 31, 2011 has dropped by 19.11% to Rs 1811.82 crore as compared to Rs 2240.08 crore for the year ended March 31, 2010. Its total income has increased by 28.78% to Rs 48223.72 crore for the year from Rs 37446.50 crore for the previous year.
On the Consolidated basis, the Group’s net profit for the year ended March 31, 2011 has zoomed by 260.69% at Rs 9273.62 crore as compared to Rs 2571.06 crore for the previous year. Its total income has increased by 30.65% from Rs 94312.37 crore a year ago to Rs 123222.91 crore for the year.
| Company Name | CMP |
|---|---|
| Tata Motors | 750.55 |
| Ashok Leyland | 220.55 |
| Force Motors | 6575.45 |
| Olectra Greentech | 1426.85 |
| SML Isuzu | 1449.05 |
| 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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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