FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» hSenid Business Solutions(HBS)
by K.R Today at 1:55 pm

» EXPO.N - Expo Lanka Holdings De-Listing
by Beyondsenses Today at 1:17 pm

» Potential Super Gain with HSIG
by Investment 1st Today at 12:20 am

» Potential Super Gain with HSIG
by Investment 1st Today at 12:18 am

» ජනාධිපතිවරණය - 2024
by ChooBoy Sat May 11, 2024 11:20 pm

» The IMF's Monumental Malpractices and future of Sri Lanka
by ChooBoy Sat May 11, 2024 11:18 pm

» Sri Lanka: Stock Market Fraudsters with Criminal Prosecutions
by ChooBoy Fri May 10, 2024 5:29 pm

» Sri Lanka: Policy Challenge Addressing Poverty Vulnerability as the Economy Recovers
by ResearchMan Fri May 10, 2024 12:20 pm

» SINS - the Tailwind effects of a crisis hit Economy
by Equity Win Thu May 09, 2024 7:37 pm

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by atdeane Thu May 09, 2024 7:09 pm

» Sri Lanka: Country Information Report
by God Father Thu May 09, 2024 5:22 pm

» Sri Lanka polls could risk economic recovery
by God Father Thu May 09, 2024 5:12 pm

» AGSTAR PLC (AGST.N0000)
by ResearchMan Thu May 09, 2024 12:21 pm

» Browns becomes world’s biggest tea exporter in deal with LIPTON
by sureshot Wed May 08, 2024 9:51 pm

» Colombo Stock Market: Over Valued against USD!
by ResearchMan Wed May 08, 2024 12:49 pm

» COCR IN TROUBLE?
by D.G.Dayaratne Mon May 06, 2024 9:31 am

» Maharaja advise - April 2024
by celtic tiger Tue Apr 30, 2024 12:01 am

» Srilanka's Access Engineering PLC think and Win
by Dasun Maduwantha Mon Apr 29, 2024 11:40 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by ErangaDS Fri Apr 26, 2024 10:24 am

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Fri Apr 26, 2024 10:22 am

» ‘Port City Colombo makes progress in attracting key investments’
by samaritan Thu Apr 25, 2024 9:26 am

» Mahaweli Reach Hotels (MRH.N)
by SL-INVESTOR Wed Apr 24, 2024 11:25 pm

» THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)
by SL-INVESTOR Wed Apr 24, 2024 11:23 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by ddrperera Wed Apr 24, 2024 9:09 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:40 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

‘Nano’ Fire mystery

+2
themask
mission
6 posters

Go down  Message [Page 1 of 1]

1‘Nano’ Fire mystery  Empty ‘Nano’ Fire mystery Sat Sep 10, 2011 5:28 pm

mission


Manager - Equity Analytics
Manager - Equity Analytics

Sunday, September 11, 2011

By Srian Obeyesekere
Ranjith Pandithage, Chairman and CEO of DIMO Plc, the authorised dealers for Tata vehicles in Sri Lanka, said that the cause of the recent fire to a Tata Nano taxi at Fort could not be determined. According to him, TATA’s car technicians who came from India to inspect the vehicle had stated that they could not attribute as to what had caused the fire to erupt to the passenger vehicle.
“The findings by the Indian experts who inspected the vehicle have stated that the cause is inconclusive. But they have, of course, stated that it is not the same cause as in the cases of the Nano cars that caught fire in India.,” the DIMO chairman told The Bottom Line last week.
He further commented that vehicles catching fire were nothing unusual. Even a luxury vehicle had caught fire in Narahenpita recently.
Pandithage added that sales of Tata Nano vehicles had not been affected as a result of the recent casualty.
“We have sold as many as 800 vehicles up to now,” he said adding that, in fact, an order had been placed for a further 100 from its Tata Nano agent in India.
“At the moment our Indian suppliers are not in a position to meet the supply demand because such is the demand for the Nano,” he said.
Tata Nano being used by the Budget Taxi Company ignited on September 2 in Sri Lanka’s Layden Nastian Mawatha around Fort area. There were no casualties, due to the fact that there were no persons in the Tata Nano at the time of the fire, and the car is now a complete write off.
Instances of Tata Nano bursting into flames have been reported in India from Gujarat, Lucknow, New Delhi and Mumbai. Sales figures for the Tata Nano have been hurting for a while now, with only 1,202 units being sold in India in August 2011.
In a year on year comparison, cumulative sales for the Tata Nano are pegged at 26,441 units for the year 2011 until August. This equates to a 17% reduction in sales figures as compared to the same period in 2010 wherein the company sold 31,882 Tata Nano units.

http://www.thebottomline.lk/2011/09/11/page2.html

2‘Nano’ Fire mystery  Empty Re: ‘Nano’ Fire mystery Sat Sep 10, 2011 6:45 pm

themask

themask
Manager - Equity Analytics
Manager - Equity Analytics

Typical Indian response.

3‘Nano’ Fire mystery  Empty Re: ‘Nano’ Fire mystery Sat Sep 10, 2011 7:26 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Look at the sales figures. Very unusual and should take into account ?

800 sold here + 100 more in line while they sold only 26,000 in that big place called India with no import taxes and freight expenses. .

What we can get from this news is that DIMO has sold 800/900 units. What could be the profit they kept ? 100 million or less? Their selling price is 1.0 million to 1.25 I think

4‘Nano’ Fire mystery  Empty Re: ‘Nano’ Fire mystery Sun Sep 11, 2011 2:59 pm

manojtharanga


Stock Analytic
Stock Analytic

Hikz,, I have no idea of why these people are buying this kind of vehicle (Three wheeler) by paying 1 million. No

5‘Nano’ Fire mystery  Empty Re: ‘Nano’ Fire mystery Mon Sep 12, 2011 2:11 am

Sud


Stock Analytic
Stock Analytic

Looks like 'Three Wheeler's are much more safer than these so called 'Nano's

6‘Nano’ Fire mystery  Empty Re: ‘Nano’ Fire mystery Mon Sep 12, 2011 3:08 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Guy, we should wait for confirmation on the fire issue to make sure it is technical or something else as it is not uncovered why yet.
There are others factors to consider regarding Nano.

Presume you know that there is a metered Taxi company which uses Nano and the Three Wheel drivers are not happy loosing business.
The Nano com[any it run by a big shot. Heard they recently had a picketing also against Nano. So Nano can come against some different kinds of stick.

The Nano cost is absurdly high in Sri lanka due to Taxes. I think it is around Rs400000 only in India. However , Nano has not made a sensation in Indian also yet.



Ps: From that article we can gather that DIMO sold so far 800 cars. Thats real piece of info i really got from there related to CSE. Even with 10% profit it is only abour 80-90 Million to DIMO. Not much but something additional





Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum