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crackcrackAfter launching the Nano, the country’s leading truck and bus maker, Tata Motors, is now looking to set up a truck manufacturing plant in Myanmar with support from the Indian government in the form of financial participation. This will be the first foray by an Indian automobile company in the military-controlled country.
According to the state-run newspaper, New Light of Myanmar, officials from Tata Motors met the minister of energy, Vice-Admiral Soe Thein, on Thursday in Myanmar to discuss the feasibility of setting up a heavy truck assembly plant there. For the project, the Indian government will sanction a line of credit of $20 million (Rs 100 crore) which would be used in putting up a heavy turbo truck assembly plant in addition to a component parts production factory by Tata Motors. Although the details regarding the capacity of the plant were not divulged, the facility is scheduled to become operational by December this year. An e-mail enquiry sent to Tata Motors asking for details went unanswered.
The project will provide some respite to the ailing commercial vehicle business of Tata Motors, which accounts for almost half of the company’s revenues. The domestic demand for commercial vehicles as well as the demand from major international markets will be substantially less than projected earlier. In such a case, only increased government spending for purchase of vehicles will fuel sales.
| Company Name | CMP |
|---|---|
| Tata Motors | 1046.85 |
| Ashok Leyland | 199.00 |
| Force Motors | 9081.25 |
| Olectra Greentech | 1610.00 |
| Tata Motors - DVR | 706.90 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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