Company Overview and News
Force Motors today reported 36.98 percent decline in standalone net profit at Rs 14.65 crore for the third quarter ended December 2017.
New Delhi: Force Motors on Monday reported 36.98% decline in standalone net profit at Rs14.65 crore for the third quarter ended December 2017.
Organised dealers, which received a breather from the GST Council that lowered the goods and services tax rate on used cars, said margins would now improve and the market would see more discounts. In its 25th meeting on January 18, the GST Council lowered tax rates on 29 products and 54 services. Among these, the GST rate on used medium and large cars and SUVs was cut from 28 per cent to 18 per cent, and the rate on small cars and motor vehicles was reduced from 28 per cent to 12 per cent.
The government may nudge automotive companies to make Bharat Stage VI (BS-6) certified cars capable of running on BS-IV fuels. Such a policy could result in huge savings for oil marketing companies (OMCs) which are preparing for pan-India BS-VI fuel roll out.
The government may nudge automotive companies to make Bharat Stage VI (BS-6) certified cars capable of running on BS-4 fuels. Such a policy could result in huge savings for oil marketing companies (OMCs) which are preparing for pan-India BS-6 fuel roll out.
Rising income, expanding product lines and affordable repayment options have fueled India’s appetite for luxury cars, pushing the market 21 spots in just 10 years in world ranking.
Indore: Kaizen team from Case New Holland Constructions Equipment India Pvt. Pithampur became winner of CII state level Kaizen competition while Kaizen team from Cummins Turbo Technologies India Ltd & Avtec Ltd, bagged the runner-up trophy. The Kaizen team from Anant Spinning Mills, Mandideep won the second runner-up trophy.
The Indian benchmark indices on Wednesday afternoon were in bear grip with the Nifty down 58 points or 0.57 percent while the Sensex shed 155 points at 32782. (70-0)
The rapidly growing lubricant company Gulf Oil Lubricants India Ltd is extending its partnerships in the automotive sector by signing on Bajaj Auto, Force Motors and Fiat, a source close to the company said. (14-0)
The Nifty, opened with a slight gap on the higher side but failed to hold on to the momentum and closed slightly above its crucial psychological support level of 10,300 on Wednesday. (8-0)
Former Chairman of Rane Group L L Narayan was hailed as a pioneer, visionary and one who contributed to building the domestic auto component industry.
Tata Chemicals has sold its stake in Tata Global Beverages to Tata Sons during Tuesday’s trade. (8-0)
Change in Minimum Purchase Amount for Subscription of Large Cap Advantage Fund of Edelweiss Mutual Fund
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Open interest and share prices of BEML, Kajaria Ceramics and Tata Chemicals have witnessed long build up positions during Tuesday’s trading session. (4-0)
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton