Posts filed under 'Automobile'
NSE Press Release
The media had reports that Clutch Auto Limited may bag a major order from US - based Navistar International Corporation.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Clutch Auto Limited has vide its letter inter-alia stated, “We confirm that we are in advanced stages of negotiations with the US based International Truck and Engine Corporation, manufacturers of ‘Navistar’ brand of Trucks. The impact of this development on operations / performance of the company can be assessed after concluding the agreement and hence it was premature to give any intimation to the Exchange at this stage.”
April 5th, 2007
NSE Press Release
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. April 2, 2007. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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1
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JMTAUTOLTD
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JMT Auto Limited
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INE988E01010
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March 28th, 2007
The media had reports that Ceat Ltd may set up a third greenfield plant in the country with an investment of Rs 600 - 700 crore.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Ceat Ltd has vide its letter inter-alia stated,”Capacity expansion is not the immediate plan of the company. The idea of capacity expansion is still in the nascent/drawing board/discussion stages, and all aspects of the projects are under evaluation. After considering the pros and cons including all relevant data/information and the long term market scenario, the company shall be in a position to take a decision on capacity expansion. The evaluation is likely to take about 3-4 months. The decision to undertake capacity expansions, either by way of a greenfield project or otherwise shall depend on the above evaluation.”
March 15th, 2007
NSE Press Release
The media had reports on February 09, 2007 that Bajaj Auto Ltd is planning to demerge its business.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Bajaj Auto Ltd. has vide its letter inter-alia stated, “The company explores on a regular basis various opportunities to enhance business and share holder value. The demerger is one such opportunity. However, there is nothing concrete to report in this matter at the moment.”
February 12th, 2007
Tata Motors has unveiled its new release - the Indigo XL. Priced at Rs 6.7 lakh (for the petrol) and Rs. 7.35 lakh (for the diesel), the Indigo XL more internal spacing and legroom. A seperate airconditioner at the rear caters to those sitting in the back seat. The entertainment section is upgraded with 4-speaker integrated entertainment system and headrest-mounted twin LCD screens.
January 16th, 2007
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