Hinduja Group owned automobile company, Ashok Leyland reported decline in sales in January due to slump in demand and high auto interest rates. The company sold 2,444 units of commercial vehicles in January 2009, registering decline of 73.17% as compared to sales figures of last year.
 

Tokyo - Sanyo Electric Co on Thursday reported a net loss of 14.33 billion yen (160.33 million dollars) during the quarter that ended December 31 amid the global economic downturn and the yen's surge against the dollar.

The Japanese electronics company logged a net profit of 12.78 billion yen during the same quarter a year earlier.

Sanyo's operating income plunged in its third quarter to 6.87 billion yen from 28.96 billion yen a year earlier.

Sales dropped 22.4 per cent to 427.52 billion yen.

Tokyo - Fuji Heavy Industries Ltd incurred a net loss of 19.2 billion yen (214.7 million dollars) in the October-December quarter because of a strong yen and slow sales amid the global economic downturn, the company said Wednesday.

The conglomerate - which manufactures Subaru cars as well as trains, industrial products and aerospace technology - reported 10 billion yen in profit during the same quarter a year before.

A standalone net loss of Rs 390.93 crore for the third quarter ended December 31 was reported by Suzlon Energy on Friday, the balem of which could be put on forex losses. A net profit of Rs 338.18 crore was registered by the company for the same quarter FY 2008.

In an filing to the Bombay stock exchange, Suzlon Energy said, “The amount for the mark-to-market losses for the third quarter and for the nine-month period ended December stood at Rs 111.40 crore and Rs 202.03 crore, respectively.”

Bharat Heavy Electricals (BHEL) has announced its financial results for the third quarter of current financial year.

India’s largest power equipment manufacturer has posted a marginal 2.4 percent growth in net profit for Q3 ended December 31, 2008 on account of high raw material costs and increased wage revision.

Its net profit stood at Rs 790.56 crore against Rs 771.90 crore for the quarter ended December 31, 2007.

Tokyo - Toyota Motor Corp's operating loss for the fiscal year 2008 was to expand to 400 billion yen (4.44 billion dollars) from an earlier projection of a 150-billion-yen loss, media reports said Friday.

As Japan's leading automaker is suffering from declining demand and the yen's advance against other currencies, it was expected to incur the first-ever operating loss for the business year ending in March.

It was also expected to report the first net loss since 1963, when it started publishing net results, according to Japan's business daily The Nikkei.