TELCO: A REVIEW

Article Abstract:

Telco has a market share of 72 percent in the light commercial vehicles and 67 percent in the medium and heavy commercial vehicles segments. Its facilities are at Jamshedpur, Pune, Lucknow and Dharwad. It manufactures construction equipment too. Commercial vehicles account for 85 percent of the sales of Telco. Telco sold 52,390 vehicles in the first half of 1998-99 (91,155 vehicles in the same period of 1997-98). Its sales fell by 29.5 percent to Rs2,713.81 crore. It incurred a loss of Rs54.5 crore. Its operating profit margin was 8.4 percent. Its exports fell by 39 percent. Telco may not post any profit in 1998-99 due to high depreciation and interest charges on the capital employed in its small car production. (rk/kvr)

Market share, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Telco

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TURBULENT TIMES AHEAD

Article Abstract:

The cigarette segment, which accounts for 20 percent of the total tobacco consumption in India, posted an estimated turnover of 103.3 billion units in 1997-98. The growth in volumes was 1.3 percent in 1997-98 against 7.7 percent in 1996-97. The fall in growth was mainly due to huge increase in excise duty in 1997-98. Volume growth in 1998-99 is likely to stagnate following the 6-11 percent increase in excise duty. Excise duty payments account for about 53 percent of a company's gross turnover while raw materials account for 23 percent. (khr)

Comment:

India: Cigarette ind, accounting for 20% of total tobacco consumption posts estimated turnover of 103.3 bil units in 1997-98

Sales & consumption, Cigarettes, Cigarette Manufacturing, Article

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