LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Corporate  :  M&M's arm SsangYong Motor sells 12,697 units in June 2017

M&M's arm SsangYong Motor sells 12,697 units in June 2017 (04-Jul-2017)

Mahindra and Mahindra's (M&M) South Korean subsidiary SsangYong Motor, has sold a total of 12,697 units in June 2017 - 10,535 units in domestic sales and 2,162 in exports. In June, SsangYong recorded highest ever monthly domestic sales this year helped by the popularity of the brand-new G4 Rexton, a game changer in the large SUV segment since its launch. The company's domestic sales continued to increase based on both Tivoli's strong sales and G4 Rexton's successful launch.

SsangYong's domestic sales in June surged by 8.1% from a year earlier, exceeding 10,000 units for the second month in a row. The Tivoli, a market leader in the compact SUV, sold over 4,800 units and G4 Rexton showed strong sales in June. In the domestic market, the company witnessed continuous growth for eight years since 2010. Its domestic sales for the first half of 2017 recorded highest ever in 13 years since H1 2004 when it posted 54,184 units, up 5.5% compared to the same period last year.

In the overseas market, however, the company's June exports largely dropped by 51.1% over June 2016 and 29.3% based on accumulated basis this year respectively, due to sluggish global economy. The weak exports contributed to a drop in the company's overall sales in June, which decreased by 10.4% year-on-year and 5.7% on accumulated basis compared to the first half of the last year.


Top News Today
Future Enterprises gets nod to raise funds up to Rs 1,500 crore
(26-May-2018)

Future Enterprises gets nod to raise funds up to Rs 1,500 croreFuture Enterprises has received its board's approval to raise funds by issue of Secured Redeemable Non-Convertible Debentures (NCDs) for a value up to Rs 1,500 crore in one or more tranches within a period......click on news to read complete article.

IFCI recovers Rs 280 crore from Bhushan Steel
(26-May-2018)

IFCI recovers Rs 280 crore from Bhushan SteelIFCI has recovered Rs 280 crore from debt-ridden Bhushan Steel under the insolvency process. The company also received over 5.79 lakh equity shares of Bhushan Steel, having face value of Rs 2 per share.IFCI......click on news to read complete article.

Sun Pharma reports 7% rise in Q4 consolidated net profit
(26-May-2018)

Sun Pharma reports 7% rise in Q4 consolidated net profitSun Pharmaceutical Industries has reported results for the fourth quarter and year ended March 31, 2018.The company has reported a rise of 83.30% in its net profit at Rs 176.26 crore for the quarter ended......click on news to read complete article.

International Stock News
US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end mostly in red on Friday
(26-May-2018)

US markets end mostly in red on FridayThe US markets ended the choppy day of trade mostly in red terrain as some traders were away from their desks, looking to get a head start on the long Memorial Day weekend. Geopolitical uncertainty also......click on news to read complete article.

US markets end lower on Thursday
(25-May-2018)

US markets end lower on ThursdayThe US markets ended in red terrain on Thursday, as geopolitical worries hovered over markets after Trump called off the summit that was set to take place June 12 in Singapore. The cancellation followed......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.