The commercial launch of Ashok Leyland Dost is scheduled later this quarter through a new exclusive dealer network
The Hinduja Group flagship, Ashok Leyland and Nissan Motor Company have rolled out their first product, the Ashok Leyland Dost, from Ashok Leyland's Hosur facility. The commercial launch of Ashok Leyland Dost is scheduled later this quarter through a new exclusive dealer network.
Designed for a higher payload of 1.25 tonnes, Dost is equipped with a 55 hp, 3 cylinder 1.5 litre CRDI engine. Completing the powertrain package is a five-speed manual gear box. Dost's practicality is further increased by its tight turning circle radius of just 4.8 m, designed to easily negotiate both congested city roads and narrow rural lanes.
The unique Front Transverse leaf suspension blends superior ride quality with high durability. The Load Sensing Proportioning Valve technology measures the weight on the load body and applies the brake force accordingly to ensure stable braking irrespective of whether the vehicle is fully loaded or empty.
DOST will be available in three versions with the top-end version featuring air-conditioning, power steering, dual-colour beige-gray trim and fabric seats. The customer will also have a palette of three colours to choose from: white, beige and blue.
On Monday, Ashok Leyland ended 2.52% up at Rs52.85 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.80% to 18,871.29.
Consolidated net sales of GCPL for Q1 went up by 40% at Rs998 crore
Godrej Consumer Products (GCPL) has reported 94% growth in consolidated net profit at Rs239 crore for the quarter ended 30 June 2011, following a strong demand in both domestic and international markets. Consolidated net sales of the company for Q1 went up by 40% at Rs998 crore.
The figures for the current quarter are not comparable with those of the corresponding quarter of the previous year because of the acquisitions made since then.
"Enhanced penetration and improved volumes have driven our sales growth. Our international operations have also performed strongly during the period under review. We will continue to pursue a prudent but aggressive growth strategy through a blend of organic and inorganic initiatives," GCPL chairman Adi Godrej said.
GCPL did very well in all product categories, both in domestic as well as the international markets, especially in the household insecticide segment, he said.
"After a strong Q1 results we expect strong performance in the rest three quarters and also in the next few financial years on the back of innovations backed by investments," he said.
The company recently acquired 51% stake in a leading pan-African haircare company - Darling Group Holdings - for over Rs500 crore. Godrej said it is looking at similar opportunities in haircare, household insecticides and personal wash categories.
"Under our 'three by three' strategy, we are looking at opportunities in developing world, particularly at countries in Asia, Africa and South America," he said.
When asked if the company is mulling hiking prices, Godrej said, "The input costs have increased and it has put pressure on us. However, we have yet to take a decision on it."
On Monday, GCPL ended 2.99% down at Rs439.80 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.80% to 18,871.29.
Edelweiss Capital had a net profit of Rs61 crore in the June quarter of the previous fiscal (2010-11)
Financial services company Edelweiss Capital reported a 46% decline in profit after tax at Rs33 crore for the April-June quarter. The firm had a net profit of Rs61 crore in the June quarter of the previous fiscal (2010-11), it said in a statement.
Total revenue during the first quarter of FY'12 rose to Rs396 crore from Rs284 crore in the corresponding period of the last fiscal.
Persistent cost pressure and continued investment in new businesses and upgrading infrastructure has affected the bottom line, Edelweiss Capital Chairman & CEO Rashesh Shah said.
On Monday, Edelweiss Capital ended 3.26% up at Rs33.30 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.80% to 18,871.29.