On your marks, get set and GO! With the Datsun

Divya and Bapoo Malcolm spent Sunday afternoon at Nissan showroom in Worli, Mumbai to take a look at Datsun GO, the new car

Enter the Micra, Nissan’s very own wonder kid, and keep the Superman inside you on the ready. With the right side of your vision blinkered, you would need all your super hero powers to negotiate your way through traffic. The steering wheel is so much to the right that even if someone were to touch the bonnet of your car, you would not notice it.

 


Next stop, the Datsun Go was thus a big relief. Superman could go back to being Clark Kent. He got a near panoramic view of the traffic ahead and to the side. There it was, trying to woo the Indian middle class with its powder blue sheen, a la Maruti in the 1980s. And that’s what it was: an upgrade, by many notches, of the Maruti of those times.

 

It is as much endowed as lacking.  No air bags, a light body but a functional car at Rs3 lakh plus on road. Enough for mommy to go shopping for groceries. But please stick to the city in this baby. Shabana Azmi had once famously said that the Maruti is for women. So is the Go. More so.

 

Over to the macho husband…

 

The wife has had her say above. Notice the femme stuff? All colour and shopping! With Shabana to boot. For God’s sake, you are testing a car, not buying a hand-bag.

 

True, the Micra is vision impaired. The Go goes. With a 1,200 cc Renault-Nissan under the hood, it is peppy.  It handles well. The gearing ratio is good for city drives. It feels like the driver is in total control. And that’s a big plus.

 

The engine ticks over fairly smoothly. Torque at 104/4,000 is adequate. The petrol engine is said to deliver a “mileage” (or kilometrage?) of over 20 kms per litre. Maybe. But all such tests are highly controlled, so a couple of kilos here and there, in daily use, need the Nelson eye. One must remember that Nissan and Renault are co-makers of these engines. And Renault rules the roost in F1.

 

15TDIindrhd_GOw006_1600x652

 

Uphill, a small one at Worli, was a cinch. Top gear comes soon enough, a boon in consumption. Braking is adequate, what with 13 inch wheels. We were told that a 15 inches option is available. There is room enough for that and that should make it a much better car. But will there be another gear box? We have yet to know.

 

The sore point is the turn-indicators. They do not return to normal on their own. One has to flick them back, otherwise the fire alarm is nerve-racking. In this day and age? Might as well have BEST type pointer flags sticking out of the sides. Go needs to go a bit further.

 

The accelerator did not cut the engine to idling soon enough for my liking. It took a bit of time to down the revs once you raised the foot. Was told it was normal. Maybe. Seemed more like a sticky new wire or linkage. Nothing that a bit of oil or Teflon coating cannot cure.

 

In the old days, pre WWII, the gear shift was floor mounted. The fashionable stick was introduced by the French Citroen. The black, looooong cars. The lever was placed on the dashboard. And everyone raved about it. That is until bucket seats became de rigueur. So the Datsun is restarting the fashion by being a bit up-front.
 


It’s an OK car. If you think the Nano is not snobbish enough and the Swift is likely to burn a hole in the pocket, if a ‘new’ Jap brand strikes your fancy, the Go may fit the bill. But it is not a tough car. The doors and bonnets have a tinny sound. This is compromise-fatigue in action. A good engine and need for low consumption. What do you get? Less metal all round to save on weight.

 

Ah! If only we could have everything.

 

A word about the sales team. Courteous, smiling, bend-over-backward attitude. Especially a guy called Bootwalla. They listened. They replied. There was no bull. Thank Goodness Mr Bootwalla is at Nissan Worli and not at Metro Shoes. Nice kid. Far cry from the Honda team at Bori Bunder. Their motto was, “We sell Hondas. Not answer questions. Take it or leave it”. People did just that. Now Honda is playing catch-up. Sad.

 

PS. The wife said we will wait and make enough money to buy a Nissan SUV. The Terrano ------- at four times the price. Now that should do it.

 

(Bapoo Malcolm is a practising lawyer in Mumbai while Divya B Malcolm is a senior associate with Kochhar & Co. The views expressed are her own and not to be construed as legal advice.)

User

COMMENTS

sivaraman anant narayan

3 years ago

Excellent review! My wife and I did the same and felt similarly too. The one re sales guy was also an identical experience at Nerul and the take on the Honda guys couldn't be more accurate for I too left them!
narayan.

Jerin Chacko

3 years ago

This review is so enjoyable mainly because Malcolm & Co. bring their own perspective on a vehicle, different from an auto journalist's take. It felt like a regular customer's opinion, with a lawyer's eye for detail!

Sudden surge in Patidar Buildcon volumes after mass SMS. Is SEBI aware?

Last year, SEBI stopped the SMS menace of SMS Techsoft when it found the company promoters and directors using this to offload their shares. This week, there is a surge in volume in Patidar Buildcon shares after ‘intra-day tip’ SMSes. Is SEBI aware about this?

As the stock markets are touching new highs, the spurious elements have become active. Several savers, investors are receiving daily three-four SMS on their mobiles asking to 'grab' an opportunity to make a 'killing' in shares of Patidar Buildcon Ltd, in just few minutes. These SMS ‘recommend’ people to buy one to 10 lakh shares of Patidar Buildcon (BSE code 524031) for current market price (CMP) of Rs207/208, which it claims would go to Rs225-230 in just few minutes!

 

Here are the SMS that are being circulated...

 

 

Following the messages, over the past few days, there is a surge in volumes in Patidar Buildcon shares on the BSE. Especially, on 25th March, its volume witnessed a jump of over seven times to 3.87 lakh shares as against two-week average daily volume of 50,000 shares. In fact, on Tuesday, Patidar Buildcon was locked at 10% lower circuit at Rs234.55 per share. Even on Friday, it remained locked in lower circuit at Rs181.45 after falling down by 5% on the BSE.

 

Image Source: BSE


Interestingly, one particular entity Rohit Saboo is found buying Patidar Buildcon shares and again dumping it in bulk on the same day. As of February Saboo held 94,405 shares of 1.72% stake in the company. On 25th March, he bought 74,515 shares at Rs254.24 each and same day sold 1,07,096 shares at Rs256.40. He repeated the act on next two days as can be seen from below table that show all bulk deals in Patidar Buildcon throughout March 2014.

 

Image Source: BSE

 

Others like Suresh Kumar Maheshwari (HUF), Sumeet Chandak, Suman Modani and Prefer Abasan Pvt Ltd, however seems to have tried to book profit by selling Patidar Buildcon shares in bulk deals.

 

Last year in November, Market regulator Securities and Exchange Board of India (SEBI) barred 37 entities after it found various SMSs circulating in the market mentioning buy recommendation for SMS Techsoft were used by its promoters and directors to offload the company shares. SEBI had, suo moto, carried out an examination in the scrip of SMS Techsoft in view of various SMSs circulating in the market during February-March 2013 mentioning therein buy recommendation for the scrip of SMS Techsoft.

 

During the examination, SEBI said it found SMS Techsoft issued 3 crore shares to 31 entities, including three promoters, who are related to Rajesh Mangilal Ranka, that too when Ranka in 2010 was barred by the market regulator for two years.

 

Earlier in August 2013, SEBI had passed an order in a separate case where action was taken against persons luring investors through SMSes with promise of daily returns of up to Rs75,000 through mobile messages. SEBI debarred Imtiyaz Hanif Khanda and Vali Mamad Habib Ghaniwala from providing unauthorised investment advisory and portfolio management services (PMS) via SMS.

 

While in the earlier case the investors were being lured for unauthorised investment products, the SMS Techsoft case pertained to promoters of a listed company being involved as well with the spread of SMSes.

 

Coming back the case of promoting shares of Patidar Buildcon, the market regulator has yet to initiate any action. Our mail sent to SEBI remained unanswered till writing this story. We would incorporate response from the market regulator as and when we receive it.

User

COMMENTS

Deepak Raut

1 year ago

NAISARGIK AGRITECH (INDIA) LTD
(BOM:531365) done same with me right now I am having 630 shares I am in huge loss I want my money back right now company is suspended in BSE so what should I do I already registered complaint in sebi against NAISARGIK AGRITECH (INDIA) LTD
(BOM:531365)

tiwari

2 years ago

NAISARGIK AGRITECH (INDIA) LTD(BOM:531365) was one of them too..

REPLY

Deepak Raut

In Reply to tiwari 1 year ago

Hi did you take any action agains your loss

RAMIT GUPTA

3 years ago

due to this fake sms i have lost huge amt of my hard earned money..sebi has to look upon it as it is the matter of concern for so many retail investors

Bosco Menezes

3 years ago

Any reply to your mail to SEBI ?

Bosco Menezes

3 years ago

Since then same scam has repeated in (a) EMed.com Technologies .... now Rs 128 on continuous lower circuits from RS 480+ beginning from the start of June when the bulk SMS's were sent out, and also in (b) Naisargik Agritech ..... now RS 106 , on continuous lower circuits from Rs 175+ in last week of July when again the bulk SMS's went out.

vinodhkumar

3 years ago

is there any reply from SEBI.

vinodhkumar

3 years ago

i too got mad of in that SMS ,is there any point to sell that f..k stock .

REPLY

vinodhkumar

In Reply to vinodhkumar 3 years ago

any reply from SEBI........,,?

Deepak Raut

In Reply to vinodhkumar 1 year ago

Hi did you take any action agains your loss how to get money back

anil

3 years ago

Please do the needful. I am also one of the victim for the mass sms to buy Patidar Buildcon

Anand Doctor

3 years ago

I too had received numerous such messages. Thankfully, I checked the company's details on the internet and was saved from risking my money into buying these stocks.
If you try to get something for nothing, you end up getting nothing for something!
Any investor who is able to put aside the greed for quick returns for just 2 minutes, his/her own common sense will not let him/her get fooled by such tricks.

Sunil Mahajan

3 years ago

My Self Sunil Mahajan

I also recd call to buy patdar at price of 207-208 and bought 185 shares and now trading is freezed, pls provide any solution to get back our money

Vaibhav Dhoka

3 years ago

Even I got two messageswithin span of40 minutes,my number too is on DND and service provideris Idea.SEBI and TRAI should initiate action unitedly and with utmost despach

chan

3 years ago

A also received 4-5 messages although my mobile no. is registered in DND with Tata DOCOMO. Actually, those numbers registered as DND should not receive such messages. Why not take any strict action against these mobile service providers?

Viraf J Panthaky

3 years ago

Even I got 5 of them even after my being on DO NOT DISTURB with my Reliance CDMA Service provider. Disgusting, as far as 'values' are concerned in society

vinod kumar gupta

3 years ago

they will decide till the last share is sold to the retail investers then sebi will publish in news paper to stay away from such sms and after some day the company will be closed . u continue writing letters to those blind eyes or deaf ears they r there to protect the promoter not us.

REPLY

Hemant

In Reply to vinod kumar gupta 3 years ago

How can you call such persons as investors,who just wants free lunch?You have to pay price for lessons in market,nothing comes free.It is really stupid of a person,who act by just receiving such sms from unknown persons & then cry that SEBI is not working for investors,on loosing on such purely speculative trades. Unfortunately we don't apply our mind & blindly act on such messages & them blame whole world except self.

Nilesh KAMERKAR

In Reply to Hemant 3 years ago

Agree. Who can help those who are blinded by greed?

" The fool and his money are invited everywhere." - an aphorism that has been aptly put up by legendary investor Warren Buffett on his office wall.

vinod kumar gupta

In Reply to Hemant 3 years ago

infact the question is not about the investor who buy or who ignores it is the fake sms for which action is required. u diverted the issue . wat do u want to say haven't u seen the ipo of reliance power or many other issues which r now at throw away prices , there people did not reacted on fake sms but bought after lot of study and were trapped do the SEBI doesn't have responsibility on this , what action is not the issue action at right time is the problem they always react when promoter have a great time

Reliance makes headway in Myanmar exploration

Piped gas from Myanmar is far more realistic and practical than expecting the Iranian gas to travel through Pakistan to reach India

Although the question of upward revision of gas prices has been going on for more than a year, and is in line with the contractual obligation, and duly announced by the Oil Minister, it now appears that the revised price cannot be brought into effect from 1st April due to the ensuing elections, as per a ruling made by the Election Commission.

 

As law abiding citizens, we maintain status quo and await the new government to be formally announced, who will take the appropriate steps in this direction.

 

The exact price revision is still not certain and, of course, there is no guarantee that, upon the increase, the production and supply of gas will automatically increase to meet our national needs. Far from it. An upward revision would, according to the producers, make it economical and viable for them to explore and extract the gas from depths of the ocean to serve the country.

 

All the main producers, apart from expanding their exploration and expansion activities in the country, are also keenly investing outside so as to obtain the best results that their investments can buy. Even ONGC, which is a government owned enterprise, has clearly stated that the upward revision would make it worthwhile for them to continue their exploration; at a lower rate, it would be uneconomical to invest such huge sums.

 

Myanmar, originally and popularly known in the past as Burma, has been the home for oil production for long. Most of the gas it produces goes to China, whom we may recall, laid a pipeline to carry this gas. China is well entrenched in Myanmar, not only in the oil industry but in many other areas as well.

 

An auction launched by Myanmar in April 2013, according to the Energy Minister, initially received interest from some 68 firms, though, in the end, 30 firm bids were received, covering 30 offshore blocks; and ten blocks each were in shallow and deep waters, which have now been awarded. It would be some more time before the final 10 blocks would be awarded, and no time limit has been set for this purpose, presumably to see the progress that is being made by the awardees.

 

Myanmar government will receive from these successful bidders a signature bonus of $226.10 million, once the exploration of the blocks begins.

 

Among the conditions, the winners of the shallow water blocks need to take a local partner but those in the deep water blocks are waived of this ruling, in as much as high costs are involved besides technical competency needed in such work. In any case, bidders will have to enter into a production sharing agreement with the state-owned Myanmar Oil and Gas Enterprise (MOGE).

 

Reliance won the M17 and M 18 shallow water blocks in Moattama basin in water depths upto 3,000 ft and these two blocks together encompass an area of 27,600 sq km.

 

Oil India Ltd, Mercator Petroleum Ltd and Oilmax Energy Private Ltd have jointly been awarded three blocks; Italy's ENI Myanmar BV got two blocks while BG Asia Pacific Pte Ltd and Woodside Energy Pte Ltd jointly won four blocks.

 

International giants like Chevron, Shell and Total also were awarded blocks for exploration. All these successful awardees will have to invest, at least $3 billion in the exploration programme, apart from signing the production sharing contract. This investment will entitle them to a 30 year license to explore and produce oil and gas off the Myanmar shore. The other details of pricing etc. will be known only at a later date when full details are made public.

 

This is a giant step for India in its march for reviving our age-old relations with Myanmar. It is essential that greater and regular contacts are established with those in authority in that country and we must explore the avenues for persuading them to lay a gas pipeline to ensure supply into India in the eastern states, as a start.

 

If anything, immediate steps should be taken for the Commerce Minister and Ministry of Oil to lead a joint team to investigate the possibilities for such a pipe line. Piped gas from Myanmar is far more realistic and practical than expecting the Iranian gas to travel through Pakistan to reach India. IPI is a pipe dream, while MPI - Myanmar Pipeline to India would be a distinct and workable possibility.

 

(AK Ramdas has worked with the Engineering Export Promotion Council of the ministry of commerce. He was also associated with various committees of the Council. His international career took him to places like Beirut, Kuwait and Dubai at a time when these were small trading outposts; and later to the US.)

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)