Hughes Communications wins contracts worth Rs52.5 crore

Hughes Communications India Ltd, a provider of broadband satellite and managed network services, has won two contracts.

The company has won the first contract from Allahabad Bank worth Rs40 crore. Hughes will provide broadband services connecting 1,400 locations with satellite terminals and 1,000 with terrestrial MPLS links.

The second contract, worth Rs12.5 crore, was awarded by the Central Bank of India to deploy a network of 1,955 satellite terminals.

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India Yamaha Motor sales up 23.2% in November

Two-wheeler maker India Yamaha Motor reported 23.2% increase in its total sales in November at 30,310 units.

The company had sold 24,600 units in the same month last year, India Yamaha Motor said in a statement.

In the domestic market, the company's sales stood at 22,710 units, as against 17,055 in the same month last year, up 33.15%.

Exports of India Yamaha stood at 7,600 units, as against 7,545 units in the year-ago period, it added.

"We are glad that our sales have maintained a consistent growth trend. Our premium segment bikes such as FZ series and YZF-R15 are doing very well. Our powerful commuter SZ bike and entry level YBR 125 and YBR 110 bikes also continue to grow at a brisk pace," India Yamaha Motor CEO and MD H Suzuki said.

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Maruti Suzuki sales increases to 1,12,554 vehicles in November

Car-maker, Maruti Suzuki India (MSI) Ltd, today reported sales of 1,12,554 vehicles in November, translating into a 28.18% increase vis-à-vis the year-ago period.

Sales in the same month last year stood at 87,807 units, MSI said in a statement.
The company saw sales of 1,02,503 units for the domestic market in November, a 34.2% increase from 76,359 units in November 2009, the statement said.

MSI's exports in the last month, however, fell by 12.2% to 10,051 units from 11,448 units in the year-ago period, the company added.

The A2 segment (comprising Alto, WagonR, Estilo, Swift, A-Star and Ritz) witnessed 32.2% growth at 74,063 units compared to 56,005 units in the same month a year ago.

A3 segment sales (consisting of SX4 and DZiRE) increased by 27.2% to 11,115 units compared to 8,741 units in the corresponding period a year ago, the company said.

MSI's total passenger car sales rose to 87,618 in October against 67,786 units in the same month in 2009, it added.

In the first eight months of this fiscal, the company's total sales stood at 8,28,440 units compared to 6,46,139 units, up 28.21%.

On Wednesday, MSI ended 0.77% down at Rs1,412.80 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.68% up at 19,850 points.

 

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