Posts Tagged ‘Percent’

Maruti Faces Eighteen Percent Loss in Third Quarter

May 15th, 2011

The ending of the 2010 calendar last year for Maruti India is not a good one during the quater 3 when its gross profit faced a fall down by 18 percent. This came in spite of its supremacy in the automobile marketplace & the increased input costs. Additional factors which brought this fall include fluctuated unstinted royalty payment and foreign exchange rates.

With these problems, Maruti Suzuki posted a fall of 17.80 percent in the gross profit for the period that mentioned in the reports. The sum accrued by the method of business amidst these restraint stood at rupees 565.17 crore against rupees 687.53 crore achieved throughout the similar period of the last year. Quite interestingly the vehicle sales figures was not that much embarrassing as it was improve by 26.49 percent yielding rupees 9276.73 crore against rupees 7333.77 crore for the next year of 2009.

Maruti Suzuki attributed the drop to other element such as growth in commodity rates during that individual quarter affecting the margin of its profit considerably. The sales during this section saw an increment by 28.16 percent with 3,30,687 vehicles which was 258026 vehicles in quarter three of 2009. With these, the sales in internai market was an increment by 36.83 percent with

Recovery Update: Automotive Output Increases 10 Percent

November 28th, 2010

A report from the Federal Reserve indicates that automotive output rose 10% in July, pushing industrial production levels up a full percentage point.  Industrial production had fallen due to drops in manufacturing, but it has since expanded and increased its output by over a percent in July.

Manufacturing is the biggest factor when it comes to industrial production output.  This year’s hot summer is blamed for manufacturers slowing down, with the demand for electricity at a peak for the year.  Consumer demand and spending have also been low with many state’s unemployment levels hitting new levels in July.

Many plants shut down during the summer months, but this year General Motors decided to keep a portion of their plants running.  They’ve had a surge in SUV manufacturing since January and are pushing to keep up with the current demand after last year’s cut backs.

The demand for new vehicles has been steadily on the rise, so many companies are trying to play catch up with fewer workers and less factories up and running.

“Right now, what’s going on is everyone is really stretching their plants – and hopefully not to the breaking point,” said David Cole, chairman of the Center for Automotive Research in Ann Arbor, Mich.  ”I don’t think they will.  But until manufacturers get more comfortable with the direction of the economy, they won’t add capacity.”

SSI Racing Announces 10 Year, 100 Percent Guaranteed Automotive Battery and Limited Edition Full Custom Electric Vehicle

May 2nd, 2010

Detroit, MI – SSI Racing Announces 10 Year, 100 Percent Guaranteed Automotive Battery San Diego-based electric vehicle company to also produce 10 limited edition custom automobiles in 2010.

San Diego-based SSI Racing is proud to announce a patent pending lightweight 10 year, 100% replacement guarantee, automotive battery.  This battery comes as a result of over five years of development and testing spanning SSI Racing’s participation in the DARPA Grand Challenge, as well as its participation in the ongoing Progressive Insurance Automotive X PRIZE, three years of testing on the race track, and 8 world records.

The features of the battery include:
Over 500 Cranking Amps
Less voltage drop during starting means higher RPMs
Over charge protection.
Short circuit protection
Long shelf life
Leaving the lights on won’t damage the battery
Smaller, lighter weight
6, 12, and 15 volt batteries available
Custom batteries and cases available upon request.

Sample batteries will begin shipping late February upon request, with quantity shipping to begin in late April. For more information, please contact Michael Kadie with SSI Racing at 928- EV RACER (928-387-2237)

Additionally, SSI Racing will produce a series of limited edition, completely custom automobiles in 2010.  With its partners from the greater Southern California area, which include master fabricators, mechanics and show quality paint and body specialists, SSI Racing will develop10 of these vehicles starting at $120,000 each.  

To order a car, SSI Racing requires a minimum two hour interview and disclosure of height and weight of driver and passenger.  Choices will be offered in performance, range, driving style, colors, and interior options.