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Tata vehicle sales up by 19%

        Tata Motors Limited reported a total sale of 53,707 vehicles including exports for the month of February, 2007, a growth of 19 per cent over 45,113 vehicles sold in February last year. Cumulative sales for the company stood at 5,16,599 vehicles, a growth of 30 per cent. As for Sumo and Safari accounted for sales of 5,306 vehicles, a growth of 41 per cent over February 2006, with utility vehicles reporting highest ever sales for any month. Safari sales at 2009 vehicle, growth by 258 per cent over last February. Cumulative sales of passenger vehicles in the domestic market for the fiscal were 2,01,133 vehicles, an increase of 21 per cent over the previous year. The company therefore has crossed last fiscal's total sales of 1,88,856 during the eleventh month of this fiscal. The company's sales from exports were 4,526 vehicles in February 2007 as compared to 4,257 vehicles in February 2006, an increase of 6 per cent. The cumulative sales from exports in the current period at 47,013 vehicles have recorded a 7 per cent growth over the corresponding figures for the previous period.

        HDFC Mutual Fund has declared dividend for three schemes—HDFC Equity Fund (Dividend Plan), HDFC Tax Saver (Dividend Plan) and HDFC MF Monthly Income Plan (Short Term Plan). The record date for all the above is 7 March, 2007. Accordingly, all unit holders whose names appear in the register of unit holders as on the record date will be eligible to receive the dividend. The amount of dividend declared for HDFC Equity Fund is Rs 5 per unit and for HDFC Tax Saver is Rs 7.50 per unit. It may be noted that HDFC AMC acquired Zurich Asset Management Company in March 2003. Presently, HDFC and Standard Life Investments Limited respectively hold 50.10 per cent and 49.90 per cent of the paid-up share capital of HDFC AMC.

        ING Vysya Life has received the industry-wide recognition of ISO 9001:2000 certification for providing customer services relating to policy issuance, post issuance services and claim processing. The certification comes from one of country's premier certifying body—Bureau Veritas Certification (India) Pvt Ltd which has certified over 4,000 companies in India and has industry experience of specific processes and requirements of each business. The certification is accredited by UKAS. ING Vysya Life is the second life insurance company in the country to receive this prestigious recognition. For ING Vysya Life this industry wide credit comes at an opportune time to support its expansion plans in its next phase of growth.

        Hyundai Motor India Ltd recorded phenomenal growth in the month of February 2007, as it registered a 74 per cent increase in its domestic vehicle sales over February 2006. The car manufacturer sold 15,459 units for the month of February 2007 in the domestic market and had exports of 9,567 units in February 2007. The flagship model Santro saw a growth of 118 per cent as it recorded a sale of 11,811 units as compared to 5,407 in February 2006. Also on the export front, Santro saw an increase of 12.7 per cent from 8,484 in February 2006 to 9,559 in February 2007. The segment-wise cumulative sales in the month of February 2007 were A1 segment—22,223 units, A2 segment—2,683 units, A3 segment—48 units, A4 segment—45 units and SUV segment—27 units.