CORPORATE PROFILE: BAJAJ AUTO--STRUGGLING WITH THE PAST
Article Abstract:
Bajaj Auto Ltd (BAL) despite being a cash rich company has to look for advanced technology and marketing strategies to survive in the competitive two-wheeler industry. Though BAL has a good dealer network, reserve base of Rs19,988 million, price advantage and finance option for purchasing the vehicles, it loses out to other companies like LML and TVS-Suzuki in the technology aspect. Its debt equity ratio is very low at 0.12:1. For the past five years, BAL's compounded annual growth rate is 20 percent. The growth is just 1.7 percent from 1996-97 to 1997-98. BAL is concentrating on hitech product development. It has roped in managers who were working for other companies in the industry. With the launch of Legend, a four stroke scooter and with Sunny fairly doing well in the scooterette market, the company can easily get a large chunk of the market in the near future. It is also providing soft financing option for the customer. From April to November 1998, it sold around 4.11 lakh scooters, 48 percent of the total scooters sold during the period. (kp)(psr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1999
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CARRIER AIRCON (CAL)
Article Abstract:
Carrier Aircon Ltd (CAL) is a 51 percent subsidiary of Carrier Corporation of the US. CAL manufacturer air conditioning systems like room ACs, air handling units and central AC plants. These account for 78 percent of its revenues. It also manufactures hermetically sealed compressors and heat transfer coils. CAL's other search of income is from servicing installed ACs which contributed 11.9 percent in 1997-98. CAL's chiller capacity has been increased to 150 units in 1995-96. CAL has drawn up plans to establish a new AC manufacturing unit at Kachigam in Daman and Diu with a capacity of 40,000 units of ACs per annum. Carrier's strengths include a vast network of 400 exclusive dealers and a strong parent spending $125 million on research & development (R&D). The company is planning to phase out ozone depleting chloroflurocarbons (CFCs) and use hydroflurocarbons (HFCs) instead. (uh)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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