Monday, August 2, 2010

Corporate Snippets

Tata Motors reported a 41% increase in vehicle sales to 67,799 units in July, 2010, compared to 48,054 units in the same month of the previous year. (BS)

TVS Motor sales increased by 35% to 1,63,106 units in July, 2010 as compared to 1,20,944 units in previous year. (BS)

Maruti Suzuki plans to launch CNG version of Alto, Estilo, WagonR, Eeco and SX4 in a single day in the second week of next month. (BS)

Ashok Leyland is planning to invest around Rs20bn over the next two years, both at its existing plants and in joint ventures. (BS)

Ashok Leyland entered into an agreement with UK-based bus manufacturer Optare to acquire a 26% stake for a consideration of US$7.5mn. (BS)

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