SET TO GO PLACES: TVS SUZUKI
Article Abstract:
TVS Suzuki Limited (TSL) has launched its 4-stroke scooter in northern India, where Bajaj Auto and LML have a strong presence. It sold 1.65 lakh mopeds during April-September 1998 (1.47 lakh mopeds in the corresponding period of 1997). It sold 1.23 lakh motorcycles (0.97 lakh) and 45,541 scooterettes (31,352). It has allocated 33.5 percent of its turnover on advertisement of its products. TSL has projected a 10 percent market share in scooters in the next 3 years. It plans to launch 3 new models of scooters and 4 of motorcycles, 2 of step-through models and 2 of mopeds. It is implementing supply chain management through vendor upgradation. It has 350 dealers, which is likely to increase to 450 with 1,050 service centres. It has projected a net profit of Rs80 crore in 1998-99. Its earning per share is estimated to be Rs35 in 1998-99. (rk)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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DUTCH TWIST PUTS LML IN A SPOT
Article Abstract:
The battle between LML and Piaggio has taken a new turn with LML receiving information that Piaggio Vespa, the Netherlands- based subsidiary of Piaggio and 23.6 percent stake holder in LML, is not a signatory to the joint venture agreement. The signatories to the agreement are only Piaggio & C SpA, the parent company of the Piaggio group and Piaggio VE, the wholly owned subsidiary of Piaggio & C, which carries out all the industrial and business activities in the transportation sector. The joint venture also does not contain any undertaking by the two entities that the Dutch company will remain their subsidiary. (gsh)
Comment:
Fights w/ LML over joint venture agreement
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ALL SLASHES WORKING CAPITAL EXPENDITURE
Article Abstract:
Ashok Leyland Ltd, a commercial vehicles manufacturer of Chennai, has reduced its working capital expenditure by Rs200 crore to Rs1000 crore in 1998-99 as a part of its cost control measures and plans to reduce another Rs50-100 crore before the end of 1998- 99. It has also reduced its finished goods inventory from more than 6000 vehicles to 3600 vehicles. The company has set up cross functional teams to control plant level expenditure. The company has been permitted by the Tamil Nadu state labour department to operate three days in a week and paying workers a 50 percent layoff compensation until March 1999. (khr)
Comment:
Ashok Leyland Ltd, a commercial vehicles manufacturer of Chennai, has reduced its working capital expenditure by Rs200 crore to Rs1000 crore in 1998-99 as a part of its cost control measures and plans to reduce another Rs50-100 crore before the end of 1998- 99.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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