TVS to re-launch electric scooters in 2011-12

TVS Motor Company will re-enter the Indian electric scooter market with some existing and new models in the next fiscal

Chennai-based two-wheeler maker TVS Motor Company Ltd said it will re-enter the Indian electric scooter market with some existing and new models in the next fiscal.

The company is currently carrying out test runs of about 50 electric scooters across various towns in the country.

"We are working on introducing electric scooters and these are being experimented for the launch. By some time next fiscal, it will come (to the market)," TVS Motor Company president (marketing) HS Goindi said.

About 50 electric scooters, comprising some of its existing and new models, are being tested across the country, he added.

"We will launch only scooters in electric mode. The products will initially run on lead acid batteries and later we may develop some other technology also," Mr Goindi said.

The company will produce these new products at its Mysore facility, he said.

On Friday, TVS Motor ended 1.97% down at Rs54.65 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.84% to 18,174.09.

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MOSt shares Nasdaq-100 ETF, India’s first US equity-based ETF, opens on 16th March

Motilal Oswal’s new ETF gives the Indian investor an opportunity for exposure in some of the largest US non-financial stocks. And it costs less than most actively-managed funds

Motilal Oswal is launching Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares N100), which seeks to track the NASDAQ-100 Index. It will be India's first US equity-based exchange traded fund (ETF). MOSt Shares N100 will be listed on the National Stock Exchange and the Bombay Stock Exchange. The new fund offer will open for subscription on 16 March 2011 and remain open till 23 March 2011.

The scheme will invest in shares that constitute the NASDAQ-100 Index and it will be benchmarked against the NASDAQ-100. Index funds and ETFs usually track a particular index. Investing in an index lowers the risks and costs.

ETFs charge a maximum of 1.5%, as against 2.25% by actively-managed funds. But while actively-managed funds have higher charges, most of them are not known to have beaten their benchmarks. This is the principal reason why index funds or ETFs are a preferred option. In effect, on lower costs the returns are higher and volatility is also lower. One thing, however, to be careful about is that one should not buy ETFs that overlap.

MOSt Shares NASDAQ-100 ETF offers Indian investors genuine scope for diversification with diverse tech and biotech stocks that make up the NASDAQ-100 universe. It will give Indian investors an opportunity of exposure to such US stocks like Microsoft, Google, Amazon, Yahoo and eBay. The NASDAQ-100 Index does not have any financial company stocks. These companies also bear a lower correlation with the Indian stock markets.

But, as is the normal case, in order to get smart returns, one must buy ETFs when the prices are down. In this respect, the Nasdaq is not exactly in a depressed state now. It would also be relevant to point out that while the NASDAQ-100 has given a return of about 41% over a period of five years, the Sensex has given a return of 75% in the same period. Again, it's the timing of the investment that is important.

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COMMENTS

Prakash

6 years ago

It seems the Annual Management Fees is around 0.75% which is also very high compared to 0.30%-0.45%

Prakash

6 years ago

I did a small search on the net and observed that similar NASDAQ 100 ETFs have Annual Management Fees in the range of 0.30% (Lyxor ETF) or 0.40% (HQ NASDAQ 100 ETF), or 0.45% NOMURA's Next Funds NASDAQ 100 ETF, whereas MOST Shares NASDAQ 100 ETF charges an exhorbitantly high 1%. This data is available on the website of OMX (https://indexes.nasdaqomx.com/data.aspx?IndexSymbol=NDX) with whom Motilal Oswal has tied up with. Why are we being charged so high ?

REPLY

zulu

In Reply to Prakash 6 years ago

Currency conversion and smaller lot sizes. From the SID the fee is capped at 1% - actual could be different.

T24 GSM Mobile Service launched in Mumbai and Maharashtra-Goa

Tata Teleservices and Future Group has launched T24 Mobile services in Mumbai and Maharashtra–Goa telecom circles

After launching T24 GSM mobile service across 16 telecom circles in the country, Tata Teleservices Ltd, and retail company Future Group has launched T24 Mobile services in Mumbai and Maharashtra-Goa telecom circles.

T24 services are already up and running in Andhra Pradesh, Karnataka, Gujarat, West Bengal, Jharkhand, Chhatisgarh, Orissa, Punjab, Haryana, Rajasthan, Uttar Pradesh, Tamil Nadu, Kerala and Madhya Pradesh-and have received heady response.

T24 has introduced two tariff plans-per second and per minute which offers 1p/second and 50p/minute flat call rate more details on tariff check out here T24 Traiff.

In addition, customers will be rewarded with free talk-time for every purchase above Rs350 made at any of the Future Group shopping outlets. For example, a T24 customer buying products worth Rs3,001 at Pantaloons or Central will stand to gain Rs150 worth of free talk-time. Also, a customer spending Rs2,001 in Big Bazaar will gain Rs84 worth of free talk-time for every purchase. Plans will keep evolving to offer ever-more attractive options to the customer.

For assistance visit the nearest Future Group stores like Big Bazaar, Food Bazaar, Pantaloon, Ezone, Central, Brand Factory & Home Town. T24 users may call on 52121 (toll free) from their T24 mobile.

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