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

Tata Motors said after market hours yesterday, 1 July 2015, that its total commercial and passenger vehicles sales (including exports) rose 6% to 40,870 units in June 2015 over June 2014. The company's domestic sales of Tata commercial and passenger vehicles rose 3% to 35,823 units in June 2015 over June 2014. Sales of Tata Motors passenger vehicles rose 30% to 10,281 units in June 2015 over June 2014. In the commercial vehicles, Sales of medium & heavy commercial vehicles (M&HCV) rose 18% to 11,450 units in June 2015 over June 2014. Sales of light & small commercial vehicles (L&SCV) dropped 18% to 14,092 units in June 2015 over June 2014. The company's sales from exports rose 32% to 5,047 units in June 2015 over June 2014.

Hero MotoCorp (HMCL) said after market hours yesterday, 1 July 2015, that despite the sluggish market sentiment and the slowing rural economy, the company sold 5.42 lakh vehicles in June 2015 as against 5.41 lakh units in June 2014. As the industry had built up stocks due to the sluggish market, HMCL reduced inventories in Q1 June 2015. The company's retails are currently better than dispatches, HMCL added. In the month of June 2015, HMCL introduced two new models in the market in quick succession - Passion Pro and Xtreme Sports. Going forward, the company has lined up a slew of launches across segments in scooters and motorcycles, leading up to the festive season, HMCL said in a statement.

Coal India announced after market hours yesterday, 1 July 2015, that the company and its subsidiaries achieved 95% of targeted production at 38.83 million tonnes in June 2015. The company achieved 97% of targeted offtake at 42.18 million tonnes in June 2015.

Bharti Airtel said that with respect to earlier announcements regarding agreements to divest tower assets in thirteen countries in Africa to different tower companies, the company before market hours today, 2 July 2015 informed that as on date it has completed the sale transactions in 5 countries while in two countries the agreements have lapsed. For the balance 6 countries, the process is on the company hopes to have the finality in the coming few months on the transactions proposed, subject to availability of all approvals and completion of the conditions precedent. The total proceeds from the transactions already concluded are over $1.3 billion which would be utilised for reducing the debt.

Ashok Leyland after market hours yesterday, 1 July 2015 said that its total sales rose 41% to 10,461 units in June 2015 over June 2014. Sales of medium & heavy commercial vehicles (M&HCV) rose 46% to 8,048 units in June 2015 over June 2014. Sales of light commercial vehicles (LCV) rose 26% to 2,413 units in June 2015 over June 2014.

TVS Motor Company after market hours yesterday, 1 July 2015 said that its total sales rose 8% to 2.22 lakh in June 2015 over June 2014. The company's total exports rose 26% to 43,025 units in June 2015 over June 2014. Sales of two-wheelers rose 7% to 2.11 lakh units in June 2015 over June 2014. Three-wheeler sales rose 24% to 11,097 units in June 2015 over June 2014. TVS Motor Company's total sales rose 9% to 6.38 lakh units in Q1 June 2015 over Q1 June 2014. Total two wheeler sales rose 9% to 6.08 lakh units in Q1 June 2015 over Q1 June 2014. Total three wheeler sales rose 21% to 0.30 lakh units in Q1 June 2015 over Q1 June 2014.

HDFC Bank turns ex-dividend today, 2 July 2015, for dividend of Rs 8 per share for the year ended 31 March 2015.

Mahindra & Mahindra Financial Services turns ex-dividend today, 2 July 2015, for dividend of Rs 4 per share for the year ended 31 March 2015.

Sobha turns ex-dividend today, 2 July 2015, for dividend of Rs 7 per share for the year ended 31 March 2015.

Unichem Laboratories turns ex-dividend today, 2 July 2015, for final dividend of Rs 2 per share for the year ended 31 March 2015.

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