Financial Daily from THE HINDU group of publications
Wednesday, Jan 18, 2006
Financial Daily from THE HINDU group of publications Wednesday, Jan 18, 2006 |
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Corporate
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Outlook Hindustan Motors expects Rs 200-cr revenues from auto components Our Bureau
Mr Ravi Santhanam, Managing Director, Hindustan Motors, at the launch of the Cedia in Bangalore on Tuesday. - G.R.N. Somashekar
Bangalore , Jan. 17 HINDUSTAN Motors expects around Rs 200 crore in revenues from its newly formed auto component division in two years. The Managing Director, Mr Ravi Santhanam, told newspersons that the auto component division started at its Kolkata factory has begun supplying its products to tier-1 companies. He said Mitsubishi, its technology partner, has short-listed eight vendors for supply of auto components to its facilities worldwide. "The evaluation process is complete. The trials are on," he said. Some of the components, which will be sourced from Indian vendors include, machine components for engine and gearbox and malleable iron castings. Out of eight short-listed vendors, three each are from South and western India and the rest are based out of North. Mr Santhanam said the company has phased out all the models and variants of Lancer except Lancer LX. He said Lancer LX sells around 200 units every month. Cedia: The newly launched Cedia will have a single ex-showroom price across the country. He said Cedia priced at Rs 9.87 lakh has a 2-litre engine. Its variant, Cedia Sports, is available in four colours.
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