Honda Motorcycle launches new variant of Unicorn Dazzler

The standard variant of the Honda motorcycle is priced at Rs65,198 (ex-showroom, Delhi)

Honda Motorcycle & Scooter India (HMSI) today launched a new variant of its 150 cc bike -- CB Unicorn Dazzler, priced up to Rs 66,198 (ex-showroom, Delhi.)

The new Deluxe variant of CB Unicorn Dazzler will be available by the end of November, 2011, the company said in a statement.

Technical specifications of both standard and deluxe variants will remain the same, it added.

While deluxe variant will be available in two colours and is priced at Rs66,198 (ex-showroom, Delhi), the standard variant is priced at Rs65,198 (ex-showroom, Delhi).

Driven by a 150cc engine, the CB Unicorn Dazzler has a power of 14 BHP and comes with tubeless tyres and alloy wheels. It is BS-III norms compliant.

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Nano production at less than 50% of capacity: Tata Motors

"Our installed capacity for Nano is 2.5 lakh units per annum and we are presently producing 10,000 cars per month," R Ramakrishnan, VP (commercial), passenger car business head of Tata Motors Ltd said.

Tata Motors, maker of the world's cheapest car Nano, is producing it at less than half of the annual installed capacity of 2.5 lakh units, a senior company official said today.

"Our installed capacity for Nano is 2.5 lakh units per annum and we are presently producing 10,000 cars per month," R Ramakrishnan, VP (commercial), passenger car business head of Tata Motors Ltd, said.

Launching the new version of SUV Sumo here, Ramakrishnan told reporters, however, that Nano sales are increasing every month.

To penetrate the rural markets more, the company is in the process of setting up exclusive Nano outlets with the target segment being those owning two-wheelers, he said.

Regarding market share in the SUV segment, he said the company is taking steps to arrest the decline.

"At present, out market share in the overall SUV category is 14% which is lower than previous years," he said.

Tata Motors is introducing more fuel efficient models to buck the industry trend of sagging sales, owing to high fuel costs and increased interest rates, he added.

In the late afternoon, Tata Motors was trading at around Rs173.15 per share on the Bombay Stock Exchange, 2.76% up from the previous close.

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Bajaj Hindusthan net profit dips by 48% in FY11

Bajaj Hindusthan posted net profit of Rs21.45 crore during 2010-11 fiscal compared to Rs41.19 crore in the previous fiscal, mainly due to higher interest outgo.

The company had posted a net profit of Rs41.19 crore in the previous fiscal
Bajaj Hindusthan, the country's largest sugar company, today reported a 48% decline in its consolidated net profit at Rs 21.45 crore during 2010-11 fiscal mainly due to higher interest outgo.

The company had posted a net profit of Rs41.19 crore in the previous fiscal. It follows October-September as fiscal year in line with the sugar marketing year.

Total income, however, rose to Rs5,081.89 crore during last fiscal from Rs3,320.48 crore in the previous year, Bajaj said in a filing to the Bombay Stock Exchange. The company paid Rs550.72 crore as interest in 2010-11 fiscal against Rs368.12 crore in the previous year.

Bajaj has 14 sugar plants in Uttar Pradesh with cane crushing capacity of 1.36 lakh TCD (tonnes crushed per day). The company has also forayed into power business and is setting up coal based power plants of 90 MW each near its existing facilities.

Besides this, through a consortium, the company has also embarked on developing two mega thermal power projects in UP, each of which will produce 1,980 MW of power.

Bajaj's total debt stood at Rs5,196 crore as on September 30, 2011.
The company has recently raised Rs1,480 crore through rights issue and a large part of this would be utilised to reduce debt, Bajaj's chief financial officer Manoj Maheshwari said in a conference call to analysts.

On its power business, he said the company has bought land for its thermal power project at Lalitpur in Uttar Pradesh and all the approvals have been taken.
The financial closure of the project has also been achieved in August, he added.
Regarding coal allocation, Maheshwari said the application has been sent to the coal ministry.

In the late afternoon, Bajaj Hindusthan was trading at around Rs28.75 per share on the Bombay Stock Exchange, 4.36% up from the previous close.

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