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Maruti Suzuki’s October sales rises 39% to 1.2 lakh units

The country's largest car maker Maruti Suzuki India Ltd (MSIL) said its sales during Ocotber rose 39.2% to 1,18,908 units, its highest ever monthly sales on record domestic sales.

It is also for the fifth time in this fiscal that the company's monthly sales crossed the one lakh mark, MSIL said. The previous highest sales figure stood at 1.1 lakh units in September 2010.

The car maker also recorded its best figure so far for the domestic market at 1,07,555 units in October, a 50.3% increase from 71,551 units in October last year.

 "For the first time, the company crossed one lakh units mark in the domestic market in October 2010," it added.

On Monday, MSIL shares ended 2.7% down at Rs1,508 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up to 20,355 points.
 

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Hindustan Tin Q2 net profit up 13% to Rs2.5 crore

Can manufacturer Hindustan Tin Works Ltd said its net profit for the second quarter ended September 2010 rose 13% to Rs2.5 crore from Rs2.2 crore in the same quarter last year.

While its net sales rose to  Rs74.1 crore from Rs58.4 crore, exports during the second quarter to end-September increased 50% to Rs14.8 crore, Hindustan Tin said in a release.

On Monday, Hindustan Tin shares gained 3.9% to Rs101 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.6% up to 20,355 points.
 

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