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Bajaj Auto, the second-largest producer of two-wheelers in the Indian market has recently moved to completely knocked-down (CKD) at its Indonesia unit hat produces and markets the Pulsar.

While the company had been operating under the semi knocked down mode for quite some time now, the recent move will attract lower Customs duties for the two-wheeler major. It is to be mentioned here that the subsidiary in the Indonesia region was incorporated in 2006-07 with an issued and subscribed capital of $ 12.5 million (Rs 56 crore).

GOLD - SILVER

BULLION AS PER EXPECTATION DIPPED YESTERDAY TODAY ALSO MORNING MKT WILL BE FLAT BUT PRESSURE WILL MOUNT GOLD BELOW 1188$ LOOK TO TEST 1172$
AND SILVER EYEING BASEMETAL BELOW 17.70$ CAN TEST 17.32$

CRUDE

CRUDE A JUMP TILL 3660-3670 CAN BE SEEN BUT 78$ WILL BE CRUCIAL

COPPER

COPPER MORNING A JUMP TILL 312 CAN BE SEEN EVE LOOK WEAK ON DIP IN

NICKEL

The day GM India announced its partnership with Shanghai Automotive Industry Corporation (SAIC), analysts were very much sure of the fact that the American auto major is planning to take its India operations to a new level.

In fact, the company has recently announced that it will be launching two LCVs and three passenger vehicles from the SAIC stable.

While the products will be labeled under the Chevrolet brand, the MD of the India operations, Karl Slym recently pointed out the fact that the Talegaon plant will produce the upcoming cars and the CVs are planned to be produced from Halol plant.

The Indian automobile industry is surely on a roll and the growth is not only benefiting the global automobile giants but also the domestic components makers.

In fact, the home-grown wheel rim major Steel Strips Wheels Ltd (SSWL) has recently announced that the company will be opening a Rs. 140 crore worth plant in Jamshedpur which will focus on fulfilling the rising demand of the automakers in the Indian market.

While the plant was inaugurated by Tata Steel Managing Director Hemant M Nerurkar at Govindpur locality in Jamshedpur, the new plant of the company is very close to the plant of Tata Motors.

After the Yen’s strength penetrated the lows of last December & January, we were left with no notable support protecting the 15-year low which was reached last November at 84.81!

While China has been leading at the pole position when it comes to the growth in the automobile industry for the past many months now but the Indian market has recently zoomed passed ahead of the dragon turf in the CV segment.

There is no denying to the fact that China passed ahead of the US market to become the world's biggest automobile market, toppled Germany as the biggest exporter of manufactured goods and is very much on the track to become the world's second-largest economy by nudging out Japan but the CV segment in India is perhaps giving a tough competition to the Chinese economy.