Bajaj Auto’s third quarter profit jumps 40 percent

Two-wheeler major Bajaj Auto Wednesday reported a 40 percent growth in its net profit for the third quarter of the current fiscal, which stood at Rs.667 crore as against Rs.457 crore in 2009-10. The auto-major posted a net sales growth of 17 percent at 946,850 units in the third quarter as compared to 809,218 units in the like period of last fiscal year

Mercedes-Benz India notches 80 percent growth

Mercedes-Benz India Monday announced a record 80 percent growth in sales in 2010, with the best ever sales in December. A company official said that the company sold 5,819 cars last year, an 80 percent rise over 2009’s tally of 3,250. The key growth drivers were the Mercedes-Benz E-Class (2490 units), C-Class (2070 units) and the SUV range of M-Class, GL-Class and R-Class.

Bajaj Auto Q2 net profit surges 69 percent

Two-wheeler maker Bajaj Auto Tuesday reported a 69 percent growth in net profit at Rs.6,820.80 million in the quarter ended Sep 30 as against Rs.4,028.30 million during the same period last fiscal. Vehicle sales crossed 1 million units, the highest ever, the company said in a regulatory filing. The domestic sales grew by 53 percent as against the industry growth of 21 percent, it added.

JSW crude steel production rises 8 percent in H1 FY11

India’s third largest steel maker JSW Steel Friday reported a 8 percent growth in crude steel production in the first half of fiscal 2010-11 compared to the corresponding period last fiscal. The company produced 3.14 million tonnes of crude steel in the first six months of the current fiscal. Production of flat rolled products for second quarter stood at 1.27 million tonnes and long rolled products were 0.26 million tonnes, the company said in a regulatory filing.