HP's deal with US government to reduce earnings

Hewlett-PackardFinancial calculations have shown that the settlement between Hewlett-Packard Co. and the US government is going to cost the IT Company dearly.

The fall is going to be in the range of 2 cents per share of the company during the third quarter of this year.

The settlement was done so as to resolve allegations that HP had followed illegal methods for gaining contracts. These were all related to government dealings and were filed by Norman Rille.

Suzuki files a 48% rise in July

SuzukiSuzuki Motorcycle India Pvt. Ltd., a subsidiary of one of the world's leading two-wheeler manufacturer Suzuki Motor Corporation has filed a 48% rise in the July sales of the company. It is to be mentioned here that the company has sold close to 18512 units in July '10 as opposed to 12539 in July 2009.

According to the statement issued by the company, the rise in the sales numbers is high because of the tremendous response from the new product GS150R and ACCESS 125.

FIAT India registers a fall in sales

FIATFIAT, the 50:50 JV between Tata Motors and Fiat has recently registered a fall in its July numbers in unit sales.

While the sales in the month July fell by 6%, it is to be mentioned here that the Fiat India's total sales (including exports) of FIAT branded vehicles in July, 2010 stood at 2,489.

However, the company's cumulative sales (including exports) for the fiscal currently stands at 9020 vehicles as against 7867 vehicles sold last year which is still up by 14% but the fall in sales is surely a surprise for Fiat as the entire industry is on a growth trajectory.

Yamaha registers 30% growth in July

YamahaThe Indian subsidiary of the Japanese two-wheeler major, Yamaha has been able to make a substantial place for itself in the Indian market after it made a comeback.

In fact, the company has been able to clock a 30% growth in its volumes for the month of July.

Experts are supporting the fact that as the growth is backed by impressive product lineup; India Yamaha Motor is all set to drive on the next path of growth in the domestic circuit.

Atul Auto on a high!

Atul-Auto-LtdAtul Auto Ltd., one of India's leading 3-wheeler maker in the country has recently posted a 2000% growth in the net profit of the company. In fact, the company has reported that it has clocked the figure of Rs 210 lakhs after tax for the 1st quarter of the fiscal ending June 2010.

Keeping in mind that the last year's quarter net profit was Rs 10 lakhs, one can be very much sure that the company is well on track to be one of the most recalled names in the three-wheeler industry.

Mercedes-Benz India achieves highest sales ever

Mercedes-BenzEven as the monsoon has started to settle in the Indian market, it has not able to hamper the sentiments of the Mercedes-Benz enthusiasts. In fact, the company has recently reported the highest sales in its history in the Indian market.

The company has sold close to 521 units which is a growth of 80% over corresponding period previous year (288 units in July 2009), which is the highest in the 15-year long history of the company in the Indian market.

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