Tata Motors, Hero MotoCorp in focus after declaring December monthly sales

Tata Motors after market hours on Friday, 1 January 2016 said that its total sales of Tata Motor passenger and commercial vehicles declined 4% to 39,973 units in December 2015 over December 2014. Domestic sale of Tata commercial and passenger vehicles fell 6% to 35,416 units in December 2015 over December 2014. Exports rose 15% to 4,557 units in December 2015 over December 2014.

Hero MotoCorp (HMCL) after market hours on Friday, 1 January 2016 said that its total two-wheeler sales declined 5.13% to 4.99 lakh units in December 2015 over December 2014.

Kotak Mahindra Bank on 1 January 2016 acquired 10 lakh equity shares at Rs 10 each aggregating to Re 1 crore being 9.99% of the paid-up capital of Institutional Investor Advisory Services India. The announcement was made after market hours on Friday, 1 January 2016.

Coal India and its subsidiaries on provisional basis achieved 102% of targeted production at 52.07 million tonnes in December 2015. Coal India and its subsidiaries on provisional basis achieved 97% of targeted offtake at 48.16 million tonnes in December 2015. The announcement was made after market hours on Friday, 1 January 2016.

TVS Motor Company reported 4% growth in sales to 2.02 lakh units in December 2015 over December 2014. The announcement was made on Saturday, 2 January 2016.

Ashok Leyland reported 31% growth in total sales to 12,209 units in December 2015 over December 2014. The announcement was made on Saturday, 2 January 2016.

Eicher Motor's total motorcycles sales rose 41% to 40,453 units in December 2015 over December 2014. The announcement was made after market hours on Friday, 1 January 2016.

Shares of PSU OMCs will be in focus after the government on Saturday, 2 January 2016 raised excise duty on petrol by Rs 0.37 per litre and by Rs 2 a litre on diesel. Basic excise duty on petrol was increased to Rs 7.73 per litre to Rs 7.36 per litre and basic excise duty on diesel was raised to Rs 7.83 per litre from Rs 5.83 per litre. The changes came into force with effect from the 2 January 2016.

IRB Infrastructure Developers said that the company has received the letter of award from Ministry of Road Transport & Highways (MORT&H), Government of India for construction, operation and maintenance of Zozila Tunnel including approaches on NH-1 (Srinagar - Sonmarg - Gumri Road) in the State of Jammu & Kashmir on design, build, finance, operate & transfer (annuity) basis. The announcement was made on Sunday, 3 January 2016.

SML Isuzu said that the company has sold 877 vehicles during December 2015 against 1,073 vehicles sold in December 2014. The announcement was made after market hours on Friday, 1 January 2016.

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