Hero MotoCorp, Tata Motors in focus

Tata Motors reported 17.74% decline in total sales to 47,862 units in January 2020 from 58185 units in January 2019.

Hero MotoCorp said the company sold 501622 units of two-wheelers in the month of January 2020, down 13.91% from 582660 units in January 2019. Motorcycles sales saw 6.45% decline in total sales to 494390 units in January 2020 from 528489 units in January 2019. Scooter sales plunged 86.65% to 7232 units in January 2020 from 54171 units in January 2019.

Eicher Motors' unlisted subsidiary VE Commercial Vehicles (VECV) reported 6.1% decline in total sales to 5,544 units in January 2020 from 5,906 units in January 2019. Total exports slipped 18.1% to 517 units in January 2020 as against 631 units in January 2019. Total domestic sales dropped 5.9% to 4,871 units in January 2020 compared with 5,177 units in January 2020.

Lumax Industries reported 61.14% fall in consolidated net profit to Rs 18.90 crore on 17.79% fall in total income to Rs 387.38 crore in Q3 December 2019 over Q3 December 2018. Lumax Industries will continue to invest in infrastructure, technology, product development, processes and human capital

Sobha reported 4.87% rise in consolidated net profit to Rs 73.20 crore on 11.58% rise in total income to Rs 901.20 crore in Q3 December 2019 over Q3 December 2018. Total average price realization stood at Rs 6,811/square feet.

PVR said CRISIL has upgraded its rating on the non-convertible debentures and long-term bank facilities to 'CRISIL AA/Stable' from 'CRISIL AA-/Stable'. CRISIL has also withdrawn its ratings on the Rs 225 crore non-convertible debentures as these have been redeemed. The rating upgrade is driven by CRISIL's expectation of a sustained improvement in PVR's business risk profile leading to strong cash flows.

SML Isuzu reported 11.53% rise in vehicle sales to 1,112 units in January 2020 from 997 units in January 2019. Total sales (cumulative 10 months till January 2020) fell 12% to 9,127 units as against 10,373 units in corresponding period pervious year.

Coal India on Saturday said that its total coal production in January 2020 stood at 63.11 million tonnes as compared to 57.21 million tonnes in January 2019, recording a rise of 10.3%. Coal offtake rose 6.9% to 56.05 million tonnes in January 2020 as against 52.44 million in January 2019.

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