Since launch, the Tata 407 has sold over 500,000 units
Tata Motors today celebrated the silver jubilee of its market-leading light commercial vehicle, the Tata 407. Launched in 1986, the Tata 407 family clocks 7 out of every 10 vehicles sold in the category with a close to 75% market share. About 55% of its owners are first-time users, indicating the self-employment it generates, a goal pursued by the Tata Group and Tata Motors.
Ravi Pisharody, president–commercial vehicles business unit, said, “The Tata 407 is exemplary in how a platform can be deployed to meet diverse needs. It today addresses a wide range of goods transportation and people movement solutions, industrial and defence applications in India and about 15 other countries in South Asia and Africa.”
Available both in diesel and CNG options and tonnage ranging from 2.2 to 4.2 tonnes payload, the Tata 407 goods transportation portfolio has been expanded to comprise trucks, tippers, pick-ups and vehicles for agri/food products, construction, light mining and a whole host of services. The portfolio has been regularly upgraded, based on the company’s own R&D and customer feedback on operating economy, cabin convenience and safety.
The Tata 407 also spawned the company’s Cityride fully built buses in 12-to-24 seat variants, popular in applications for school, staff transportation and feeder bus service. Following the company’s joint venture with Marcopolo of Brazil in 2006, the platform was included in the Starbus range as a 24-seat variant and 12-to-18 seat luxury variants. The buses too are available in both diesel and CNG options.
Among the major variants in goods transportation is the SFC 407EX TURBO. The vehicle offers a host of applications for industrial use, agricultural produce, dairy products, courier and parcel services, with high fuel efficiency and commensurate payload capacity.
The tipper variants include the LPK 407 for applications in construction and light mining industries and the SK 407 for sand movement, quarry application, laterite-stone transportation and construction material freight.
The EX-2 Refresh Series took operating economy to a new high with longer service interval and heavy-duty load body. Power steering with upgraded cabin features brought better safety and comfort. Since launch, the Tata 407 has sold over 500,000 units. Tata Motors will continue to introduce new features in the engine, exteriors and interiors, addressing emerging needs and thereby strengthening the Tata 407’s salience among customers.
In the late afternoon, Tata Motors was trading at around Rs180 per share on the Bombay Stock Exchange, 3.80% down from the previous close.
The company’s total income increased from Rs3,076.31 crore in the second quarter of the 2010-11 fiscal to Rs5,386.98 crore in the current financial year
New Delhi: Petronet LNG, India’s largest liquefied natural gas importer, today reported almost doubling of its net profit to Rs260.33 crore in the quarter ended 30th September, reports PTI.
Petronet’s net profit was up 98% to Rs 260.33 crore in the July-September quarter, compared to Rs131.12 crore in the same period a year ago, the company said in a statement.
The company’s total income increased from Rs3,076.31 crore in the second quarter of the 2010-11 fiscal to Rs5,386.98 crore in the current financial year.
Edelweiss Financial reported second-quarter consolidated net profit of Rs26.32 crore, 60% lower than the Rs66.10 crore in the same quarter of last year
Mumbai-based Edelweiss Financial Services Ltd has reported a lower consolidated net profit for the quarter ended 30 September 2011, due to significant slowdown in the capital markets and investments made in new businesses.
The company reported second-quarter consolidated net profit of Rs26.32 crore, 60% lower than the Rs66.10 crore in the same quarter of last year. During the same period, the company's total revenue, including other operating income, rose by 2% to Rs385.32 crore from Rs376.14 crore.
During the quarter, revenue from ‘Fee and Commission’ declined by 27% to Rs104.76 crore from Rs143.70 crore for Q2FY11, while revenue from 'Interest and Treasury' rose by 19% to Rs276.28 crore from Rs231.29 crore.
In the late afternoon, Edelweiss Financial was trading at around Rs24 per share on the Bombay Stock Exchange, 1.01% down from the previous close.