Companies & Sectors
Car sales declined for the second consecutive month in February
While motorcycle sales and UV sales grew, car sales declined for the second consecutive months in a row
 
Passenger vehicle sales grew by 1.7% in February 2016 says a research report by Religare Capital Markets Ltd. These were largely driven by compact utility vehicle (UV) volumes, which correspondingly jumped a whopping 21%.  Another silver lining was the growth in motorcycle sales, which rose by 11%, though on a low base. Scooters too grew by an impressive 18%, the report says. 
 
On the negative front, car volumes declined by 4%. Domestic passenger car sales declined to 1,64,469 units in February as against 1,71,703 units in the same month last year. After consecutive 14 month of growth, car sales have declined by second consecutive months in a row. Hyundai, Honda Cars and Tata Motors all reported double digit decline in volumes, while Maruti’s volumes declined by 3.9% y-o-y (year-on-year).  The Religare report further stated that Honda’s recent face lift of Amaze failed to create excitement with sales at 4,100 units registering a decline of 43% y-o-y. 
 
Brands by Maruti are the clear winners in different passenger car segments except the UV segment in terms of market share. Among the different brands, Alto leads with 49% market share in mini cars. Swift is the market leader in compact cars. Dzire leads in super compact cars with 38% market share. In the UV segment, Mahindra’s Bolero is the leader with 14% market share. The market share for UV segment is distributed across a number of brands. 
 
Utility vehicle sales were driven by many new launches. These include Hyundai’s Creta and KUV100 and TUV300 from Mahindra stable. In the UV segment, Maruti is launching its Vitara Brezza, which is expected to be a tough competitor to M&M’s TUV300, and Duster from Renault. 
 
In the motorcycles segment, Honda Motorcycle and Scooter India (HMSI) sales have risen by 10%, while its rival Bajaj Auto’s sales have grown by a little more than 30%. 
 
In the scooters segment, Honda’s Activa is way ahead of its competitors with nearly 50% market share. Honda Activa sales grew by 18%. Honda commenced its operations at the new scooter plant in Gujarat, which aided Honda’s scooter sales. 

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Minimum thickness of plastic carry bags increased: Javadekar
New Delhi : The Centre on Friday notified the Plastic Waste Management Rules, 2016, in suppression of previous Plastic Waste (Management and Handling) Rules, 2011, by increasing minimum thickness of plastic carry bags from 40 to 50 microns.
 
"The minimum thickness of plastic carry bags has been increased from 40 microns to 50 microns," said Minister of state for Environment, Forest and Climate Change Prakash Javadekar.
 
"The rules, which were admissible up to municipal areas, have now been extended to all villages. Notifying the new Plastic Waste Management Rules is a part of the revamping of all Waste Management Rules," said the minister.
 
This would help in achieving Prime Minister Narendra Modi's vision of Swachh Bharat, he said adding that "cleanliness is the essence of health and tourism". 
 
He said 15,000 tonnes of plastic waste is generated every day, of which 9,000 tonnes is collected and processed, but 6,000 tonnes of plastic waste is not being collected.
 
The Plastic Waste Management Rules, 2016 aim to increase minimum thickness of plastic carry bags from 40 to 50 microns and stipulate minimum thickness of 50 micron for plastic sheets also to facilitate collection and recycle of plastic waste; Expand the jurisdiction of applicability from the municipal area to rural areas, because plastic has reached rural areas also. 
 
They also aim to bring in the responsibilities of producers and generators, both in plastic waste management system and to introduce collect back system of plastic waste by the producers/brand owners, as per extended producers responsibility.
 
Among other objectives, the rules also aim to introduce collection of plastic waste management fee through pre-registration of the producers, importers of plastic carry bags/multilayered packaging and vendors selling the same for establishing the waste management system.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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SEBI bars Indian Stock Tips and Indira Trading Co from providing investment advice
Indian Stock Tips and Indira Trading Company were providing investment advisory services and research analyst services without permission from SEBI
 
Market regulator Securities and Exchange Board of India (SEBI) passed an interim order-cum-show cause notice on Indian Stock Tips and its partners, Girish Srichand Valecha and Nagma Husain Ahmed Ansari, and, Indira Trading Company and its partners, Pankaj Seth, Vishal Anaji Girkar, Mohd. Zaid Siddique, Joheph Chand Malikshaikh, Girish Srichand Valecha, Niwas A Kamble and Jagdish Lalmani Gupta. The SEBI order directed them to cease and desist from acting as an investment advisor or research analyst and to cease to solicit or undertake such activity or any other unregistered activities in the securities market.
 
The above entities have been directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to their investment advisory and research analyst activity, according to the SEBI Order.
 
Indian Stock Tips and its partners and Indira Trading Company and its partners were providing investment advisory services and research analyst services without obtaining registration from SEBI which is in violation of the provisions of SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014, according to the SEBI Order.

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