research on india_automotive and transport sector in india_july 2012

Automotive and Transport Sector in India

Monthly Update

July 2012

Top Story India is considering a 10% import tariff on automobiles from EU Government is considering allowing the import of 0.25 mn cars from the European Union with an import tariff of only 10% as compared to the normal rate of 60%. The imports will continue for a period of five years, beginning with 40,000 cars in the first year and rising by 5,000 units every year thereafter. Hence, the cars produced in the EU, including Porsche and BMW, could be available in India at a price which is slightly higher than in Europe. This will be a part of India‐EU free trade agreement. Besides, New Delhi is likely o agree to a 30% import tariff for cars outside the quota after the implementation of the tfree trade agreement. Further, EU wants India to extend the liberalized import policy for the quota of 0.25 mn cars beyond five years, but the government plans to review the scenario after five years. EU is looking towards greater market access for automobiles, wines and whiskies in the country. In exchange, India expects to procure more visas for its professionals and less stringent standards so that there is no requirement for a detailed database of chemicals used in the Indian manufactured products. India also demands recognition as a data secure country for carrying out off‐shore operations, a quality certificate for its herbal roducts and reduction in duties on labour intensive products such as leather and ptextiles. India has entered into similar alliances with countries like Singapore, Japan, Malaysia, South Korea, Sri Lanka and the ten‐member ASEAN. However, the free trade agreement etween EU and India will be unique as the concessions on automobiles and alcohol are babsent in the other agreements. The drastic reduction in import tariffs from 60% to 10% can be a cause of concern for the domestic automobile players, as consumer preference can shift towards more foreign rands owing to their affordable pricing. Considering the volatile market scenario, this an further lead to declining margins for the Indian automakers. bc West Bengal to get 3 logistics parks built by CONCOR Container Corporation of India Ltd (CONCOR) plans to construct three logistics parks in West Bengal. This project will involve an estimated investment of INR 1.5 bn. The three parks will be set up at Durgapur in Burdwan district, Dankuni, in Hooghly district, and Siliguri in North Bengal. Each of the parks will need approximately 100 acres of land.

These multi‐modal facilities will include warehouses, container yards and cold chains under one roof. CONCOR has plans to set up 15 such hubs all over India. For this reason land has been identified in three locations in Andhra Pradesh; four in Odisha; one each in Maharashtra, Gujarat and Rajasthan; and two in Uttarakhand, for setting up such facilities.

Automotive and Transport – Monthly Update

As a result of this initiative by CONCOR, West Bengal is expected to become a logistics ub equipped with all the multi‐modal facilities soon. h News Update

General Audi records 76% rise in sales Audi India has sold 718 units increasing rapidly by 76% y‐o‐y in Jun, 2012. The recently launched Audi Q3 has been the star performer for the month, gathering 500 bookings ithin a period of 5 days. The second round of bookings has been now opened and only w

500 units will be offered. During Jan‐Jun 2012, company has reported sales of 4,000 cars, up by 43% y‐o‐y. Despite the rising fuel prices, inflation, reduction in retail loans and rupee devaluation, Audi is onfident about boosting sales and strengthening its luxury brand in the country. Audi argets to achieve sales of 8,000 units by the end of this year. ct Domestic auto sales witnessed ups and downs in Jun Despite the sluggish demand in the Indian auto market, auto majors, such as Maruti Suzuki, Hyundai and Hero MotoCorp have reported growth in domestic sales for the onth of Jun, 2012. But other companies such as Bajaj Auto, General Motors, Ford India, m

Honda Siel Cars and Tata Motors have witnessed declining sales during the month. Maruti Suzuki, largest car manufacturer in India, has achieved domestic sales of 83,531 units in Jun, up by 19.30% y‐o‐y, while its rival Hyundai Motor reported a marginal increase of 0.16%, selling 30,450 units. Mahindra & Mahindra has recorded domestic sales of 38,951 units, registering a rise of 15.34% y‐o‐y. Toyota Kirloskar Motor domestic sales have grown by 22.15% y‐o‐y to reach 14,700 units. In the prevailing tough conditions, Nissan has managed to achieve a significant growth by selling 4,167 units, as compared to domestic sales of only 1,632 units in the corresponding period last year. lso, Skoda Auto has reported sales growth of 88.62% y‐o‐y, selling 4,923 units in the last A

month. However, increasing interest rates, hike in fuel prices and inflation has hit the domestic auto market resulting in declining sales for many major auto players. Tata Motors' passenger vehicles sales have reduced by 21.60% y‐o‐y to 17,244 units for the month of Jun. General Motors India has reported sales of 7,364 units, reducing by 10.65% y‐o‐y. Ford India has sold 6,257 units, down by 10.91% y‐o‐y. Honda Siel Cars India has witnessed declining sales by 22.81% y‐o‐y to reach 2,667 units. On the other hand, Volkswagen has reported a marginal decline in domestic sales to 5,371 units against 5,397 units during the same period last year.


The two‐wheeler segment has also witnessed ups and downs during the last month. Hero MotoCorp dominating the two‐wheeler market, has registered a growth of 4.26% y‐o‐y to 5,34,091 units. Honda Motorcycle & Scooter India has achieved a considerable growth of 52.32% y‐o‐y in total sales at 2,26,864 units. Bajaj Auto, the second largest two‐wheeler maker in India, has seen its sales falling by 1.38% y‐o‐y to 3,18,377 units. TVS Motor ompany's two‐wheeler sales have reduced by 7.39% y‐o‐y to 1,65,438 units during the ast month. Cl Tyre makers have gloomy outlook for the next quarter Tyre makers are facing declining order size from the domestic automakers along with weakening demand from the replacement market which accounts for nearly half of the tyre supplies. Tyre makers are trying to balance production with the prevailing market onditions and also get rid of the surplus stocks via exports. It is expected that demand cwill continue to be sluggish until the festive season strikes in. The domestic auto market produces nearly 20 mn vehicles every year and supports the sustainable development of the Indian tyre market. However, production of tyre for the next quarter will decline considerably as the major auto makers, such as Tata Motors, shok Leyland, Maruti Suzuki, Volkswagen, Toyota and General Motors, are curbing Aoutput to prevent piling up of inventories. Domestic tyre sales in Apr were firm, but since May sales have fallen significantly. owever, the availability of cheap raw materials, especially natural rubber, allows the yre makers to enhance their margins. Ht Renault SA to launch its Duster SUV in India French auto maker Renault SA has announced the launch of Duster SUV, its fourth vehicle in India. Company is looking towards rapid expansion strategies to capitalize upon the growing opportunities in one of the world's biggest automobile markets. Price of Duster SUV gasoline model ranges between INR 0.719‐0.819 mn and its diesel model varies between INR 0.799‐1.13 mn (ex‐showroom New Delhi). It will be powered by 1.6 liter gasoline engine and a 1.5 liter diesel engine, where in, the diesel model will offered with two different engine‐power capacities. It aims to provide tough competition to the existing players in SUV segment, such as the leading Mahindra & Mahindra Ltd. as well as Tata Motors Ltd. and Force Motors Ltd. Besides, the new SUV can also attract the potential customers for utility vehicles from companies such as Toyota Motor Corp. and eneral Motors Co. in India. By the end of this year, company has plans of exporting the G


Duster SUV to the United Kingdom. In the Indian market, Renault is among the new entrants. However, it has already launched four vehicles within just more than a year of having started its operations in the country. It had entered India in May 2011 with the launch of the Fluence sedan, followed by its Koleos SUV and the Pulse small car. The vehicles are manufactured at company’s jointly owned plant with Nissan Motor Co., located at Oragadam in Chennai with an

annual production capacity of 0.4 mn vehicles. Company plans to unveil its fifth model by id‐Nov this year. It is expected to sell 3 mn units by 2015 as compared to ~2 mn units m

till the FY2011‐12. Growing consumer affluence and rising demand for off‐road travel is favoring the growth of the SUV segment in India. It has managed to remain largely unaffected by the slowdown in domestic auto sales owing to the hike in fuel prices and rising interest rates. omestic SUV sales have grown by 51% during Apr‐May 2012, as compared to the arginal increase of 3.1% in total car sales.

Dm Hyundai to launch online service website India’s second largest car manufacturer and the largest exporter of passenger cars, Hyundai Motor India Ltd has launched an online portal to develop its customer relationships. The website will offer personalized services, enabling the customers to book serving slots in any Hyundai dealership across India. It will also provide other range of facilities, including accessing service history records, service schedule reminders, provide location of nearest service station, service and insurance calculators, warranty uidelines, owner’s manuals, maintenance tips and guidelines, downloadable service gmanuals, driving tips, etc. he online portal is completely dedicated to Hyundai’s valued customers. It will be vailable in company’s corporate website. Ta Mahindra rolls out its new Mahindra 395 DI Super Turbo in UP Farm Equipment Sector of Mahindra & Mahindra Ltd. has launched the new Mahindra 395 DI Super Turbo in Gorakhpur, Uttar Pradesh. It is a 39HP tractor with Turbo technology. It comes with a Turbocharger, which is for pumping additional air into the engine, resulting in increased power and fuel efficiency. It imbibes the unique KA technology for regulating engine time in real time based on the changes in engine rpm. It eatures advanced hytech hydraulics with lift capacity of 1500 kg, providing greater fcomfort to the farmers. Other features include, multidisc oil immersed brakes, dual acting balanced power teering, large tyres, reverse CRPTO, dry air cleaner, open and comfortable sitting area or driver. It is apt for both agricultural and haulage use. sf Mahindra launches the newlook Verito A leading Indian automobile player, Mahindra & Mahindra Ltd., has showcased its new‐look Verito. In early 2010, Mahindra had ended its alliance with Renault for jointly roducing Logan and later renamed it as Verito. The new‐look Verito has undergone p


around 23 modifications, making it more attractive to the Indian customers. It is available in two petrol and three diesel variants. The petrol version is priced at INR 0.53 mn (ex‐showroom Chennai for BS4) and the diesel version is offered at INR 0.63 mn

(ex‐showroom Chennai for BS4). It includes a colour range of eight colours. he new Verito has been developed in Mahindra Research Valley at Mahindra World City uring last one and a half years with a total cost of ~INR 400 mn. Td BMW launches new 3series in India BMW has launched its new 3‐series in India, which has been priced between INR 2.89 mn and INR 3.79 mn. It features a stylish new exterior design along with a pair of competent engines. It will be available in five variants. Four of them will be powered by a diesel engine 2 litre four‐pot producing 181bhp and 38.74kgm of torque, namely BMW 320d, BMW 320d Sports Line, BMW 320d Luxury Line and BMW 320d Luxury Plus. Only, BMW 28i Sports Line will have a petrol engine 2 litre four‐cylinder pumping out 241bhp and 335.69kgm of torque. The new 3‐series will be assembled in India at the BMW’s facility in Chennai. It is xpected to provide competition to the luxury models, such as Audi A4 and the Mercedes‐enz C‐class. eB Mahindra Reva awarded 'Platinum' Rating from IGBC Mahindra Reva Electric Vehicles (Mahindra Reva) has been awarded the ‘Platinum’ Rating from the Indian Green Building Council (IGBC) for its new Bangalore plant, which s scheduled to be inaugurated in Sep 2012. It is the first automobile plant India to receive isuch prestigious certification. The new facility has been built using green‐sourced materials and green methods, consisting of a production unit, test administrative office block, conference area and technology demonstration area. It is a complete environment friendly plant, producing 30,000 units annually with minimum dust‐to‐dirt carbon footprint. It includes a rooftop solar power plant producing energy for industrial use, street lighting and charging facilities for vehicle testing. Water and soil conservation comes from the installed ainwater harvesting system. Electricity consumption will be kept low by optimizing rnatural ventilation and lighting of the building. The IGBC Green Factory rating system comprises a set of parameters designed for rating new and existing industrial buildings. The council awards credits for abiding by the ompulsory requirements such as site selection and planning, water, power and material onservation, indoor environment, occupational health, innovations and design process. cc


Mercedes plans to launch its new BClass in Sep 2012 Mercedes Benz is preparing to introduce its all‐new B‐Class known as the Sports Tourer in Sep 2012. It will fall under the sub‐INR 2.5 mn price bracket making it affordable for the Indian customers. Since, its launch in Nov 2011, Mercedes has already sold more than 70,000 B‐Class globally. However, initially the petrol model will be offered while the launch of diesel model will follow next year. It will also attract a high 115% tax duty as it

will be imported from Rastatt in Germany and Kecskemet in Hungary. Mercedes C‐Class is available at INR 2.86 mn (ex‐showroom Delhi), which is its lowest priced car in India. Major portion of the luxury car sales are comprised of these entry‐level models. In 2011, MW’s cheapest offering X1 accounted for around 30% of its annual sales. Recently, Audi Bhas launched its cheapest model Q3 compact SUV at INR 2.65 mn. Company is aiming at all‐new set of customers for its first multi‐utility Tourer option in the country. It is planning to enter into the lower end of the market and obtain higher sales volume. Mercedes wants to tap on the growing demand from the smaller cities, such as Indore, Nagpur, Raipur, Surat, Vadodara and Bhubaneswar, generating monthly sales of 8‐10 cars, which forms a considerable amount in the limited market of 25,000 luxury cars sold in India annually. Mercedes has 30 dealerships in India and is focusing on maller cities such as Lucknow, Ranchi, Karnal, Coimbatore and Nashik to enhance its onsumer base. During Apr‐Jun 2012, luxury cars sales declined by 1% to 5,253 units. sc India records moderate growth in automobile production during AprJun 2012 There has been a moderate growth of 7.65% in production of automobiles to reach 1.7 mn vehicles in Jun 2012, against 1.59 vehicles in Jun 2011. Domestic sales have gone up by 9.94% during Apr‐Jun (Q1) 2012 compared to a rise of 15.14% in the previous fiscal. Total commercial vehicle sales have surged by 6.06% from an increase of 14.10% in the last fiscal. During Q1 2012, sales of passenger vehicles, passenger cars and utility vehicles have increased by 9.71%, 5.22% and 50.85%, while sales of van have declined by 9.6% y‐o‐y. Sales of light commercial vehicles increased by 19.92% y‐o‐y, while sales of medium nd heavy commercial vehicles declined 11.99% y‐o‐y. During Q1 2012, the total utomobile exports have declined by 1.22% y‐o‐y. aa Honda Motors surpasses Bajaj Auto during AprJun 2012 Honda Motorcycle and Scooter India Private Limited (HMSI) has outperformed Bajaj Auto Limited, which is the second largest two‐wheeler manufacturer in the Indian auto industry. For the first time, the Q1 sales of HMSI have exceeded that of the Bajaj Auto. During Q1 2012, Bajaj Auto has witnessed a declining sales of 0.75% y‐o‐y to 6,18,489 units, while HMSI sales soared to 6,22,176 units, up by 53.56% y‐o‐y. Bajaj Auto has lost % of its market share, standing at 17.5%, while HMSI market share has increased to 217.68% from 12.52%. Bajaj Auto does not produce scooters and exports comprise 30% of its sales, while scooter segment accounts for 50% of HMSI sales. Bajaj is expected to revive sales by rolling out more than 35,000 units of New Discover 125cc and Pulsar 200 NS in the estive season. HMSI has plan of expanding its annual production capacity to 4 mn units y mid 2013. fb


Mahindra & Mahindra vehicle sales up by 24% India’s leading tractor and utility vehicle maker Mahindra & Mahindra has announced its growth in auto sales for the first quarter of FY2012‐13. Company has recorded sales of

1,26,029 units, up by 24% y‐o‐y during the period. It had sold 1,01,997 units in the corresponding period last year. Mahindra has recorded total auto sales of 41,322 units for the month of Jun 2012, registering a rise of 16% y‐o‐y. Its passenger vehicles segment, including the UVs and Verito, has achieved 23% y‐o‐y growth by selling 19792 units in the last month. Four‐wheelers commercial (passenger & load), including Maxximo, Gio, Genio & Bolero Pick up, has sold 13,103 units in Jun 2012, increasing by 13% y‐o‐y. MNAL sales have grown y 21% y‐o‐y to reach 1220 units. However, there has been a decline in the sales of three bwheelers by 6% standing at 4,836 units during the last month. Company is satisfied with its 24% growth rate amidst the slow pace of progress in the verall automotive industry. It expects that demand for utility vehicles will continue uring the current financial year. od Maruti’s Q1 net profit goes down by 23% India’s largest car manufacturer Maruti Suzuki has reported a net profit of 4,237.7 mn during the Apr‐Jun quarter, declining by 22.8% owing to depreciating currency and higher input costs. The company had recorded a net profit of INR 5,492.3 mn during the same period last year. However, company’s net sales have increased by 27.53% to INR 105.29 bn from INR 82.57 bn during Q1 last fiscal. Sales volume‐wise stood at 2.96 units as against 2.81 units in the Q1 last fiscal, up by 5.10%. Net sales have increased on the account of higher total volumes, favourable product mix and enhanced exports ealizations. Demand for diesel cars have been on the rise while petrol cars have rwitnessed declining sales during the quarter. Company’s overall expenses have gone up by 31.01% to INR 103.32 bn during Q1 2012 against last fiscals’ INR 78.86 mn. Expenses on materials consumed have reached INR 80.63 bn, up by 25.82% y‐o‐y. Expenditure on employees benefit has increased by 32.85 ‐o‐y to INR 2.38 bn. Also, the other expenses have surged to INR 13.63 bn, an increase of y57.31% y‐o‐y. Domestic sales have gone up by 5.02% to 2.63 units from 2.51 units in the same quarter last fiscal. Exports soared by 5.8% y‐o‐y to 32,632 units. Although sale of its Swift ompact car and DZire sedan has been witnessing robust growth, but declining sales of lto has badly affected Maruti’s profit margin. cA A new dry bulk terminal coming up in Kandla Adani Ports and Special Economic Zone Ltd has confirmed the deal with Kandla Port Trust to construct of a new dry bulk terminal in the Port of Kandla, Gujarat. The dry bulk acility will involve investment of INR 11.74 bn. The project will be run by its subsidiary dani Kandla Bulk Terminal Pvt Ltd and is expected to be completed by 2014.

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With an annual capacity of 20 mn MT, the terminal will facilitate larger vessels to reach the Port of Kandla. This terminal will facilitate EXIM trade of the Northwest hinterland. Four 14 meters deep T‐shaped jetties will be built by Adani for cargo handling including oal, fertilizer and minerals. This project will thus provide a seamless cargo handling xperience for the traders. ce China and India to influence global perishable goods demand The 4th Annual Cool Logistics Global Conference will be held in Antwerp, Belgium, on 24‐26th Sep 2012. China and India will be the key participants who will be highlighting their growth prospect. They will also be raising the issue of changes required in cold chain logistics and transport to address the rising demand for fruit and vegetables. At this conference, the representatives of both the countries will analyze the challenges and opportunities that could be capitalized to tackle the respective country's projected rise in import and export demand. The event will provide the participants the platform for evaluating the real‐world practices across different perishable supply chains and ome up with a feasible solution for all parties to work together in order to deal with ising cost, capacity, quality and regulatory pressures. cr 3 new rail projects coming up in Karnataka he state government of Karnataka has agreed for 50% cost sharing of the 3 new railway Tprojects in the state while the remaining 50% will be borne by the ministry of railways. Under these projects a new144 km long railway line between Bagalkot and Kudchi will be constructed with an estimated cost of INR 81.6 bn. There will be gauge conversion between Kolar and Chikkaballapur at a cost of INR 6.8 bn. In the city of Bidar, a new level crossing will also be constructed at a cost of INR 60 mn. Mumbai port needs JN port’s contribution over sharing costs of dredging project Mumbai port and Jawaharlal Nehru (JN) port, a few kilometers away from each other are sparring over sharing costs for a channel deepening project for a common navigational hannel. The project has already been postponed by at least four years, however it is cexpected to be completed by 2014. The project was initiated by JN port, but, a major portion of the work on deepening and widening lies within the channel belonging to Mumbai port. The agreement by which Mumbai port had agreed to share 1/8th of the cost of the project budgeted at INR 8 bn has not been renewed after its expiration in 2010. Currently, Mumbai port has rejected to hare any cost for this project. JN Port needs Mumbai port’s contribution in cost sharing n order to appoint Royal Boskalis for the project. si


Mumbai High Court grants stay on rate cuts at JN port terminals Mumbai high court has approved an interim stay on the rate cuts at 2 private container terminals which are operated individually by DP World Pvt. Ltd and APM Terminals Management BV at Jawaharlal Nehru (JN) port.

On 8th Feb 2012, Tariff Authority for Major Ports (TAMP) had notified a rate cut of 44.3% at the facility run by Gateway Terminals India Pvt. Ltd, a subsidiary of Denmark’s APM Terminals after the firm sought a rate increase of 8.72%. On 1st Mar 2012, TAMP notified a rate cut of 27.9% at Nhava Sheva International Container Terminal Pvt. Ltd (NSICT), a subsidiary of Dubai’s DP World Ltd at JN port when the firm wanted a 30% raise. The wo petitions filed by these terminals will surface for hearing again on 6ts

th Aug 2012. The tay permits operators to bill customers on old tariffs till the matter is settled by court. Bihar to get INR 3.67 bn loan from ADB Bihar will get around INR 3.67 bn loan from Asian Development Bank (ADB) to expand its agricultural value chain which will improve connections between small farmers and food rocessors, agribusiness entrepreneurs and service providers in Mazaffarpur, Patna and pNalanda districts. This investment will mostly involve building physical and institutional links for making horticulture integrated value chains. The value chain will include the creation of the vital cold chain. This in turn will provide appropriate transport facilities for the perishable horticultural products. Government aims to fill the gaps in value chain from farm‐gate to arket with the development of agribusiness infrastructure with the help of private nvestment and the ADB loan. mi India gets its first mega food park in Chittoor, Andhra Pradesh Srini Mega Food Park, India’s first mega food park has been opened in Cittoor, Andhra radesh. This food park will facilitate end‐to‐end food processing with both backward Pand forward linkages. The food park lies over an area of 147 acres and will offer world‐class facilities for pulping, IQF (individually quick frozen), bottling, tetra packing, modular cold storage, warehousing and advanced testing lab. Further it will enable basic and supply chain infrastructure, cluster farming which will be well backed by field collection centers, self‐elp groups and individual farmers. High quality raw material can thus be supplied in the ood industry with the existence of this food park. hf Reverse logistics partners with Philips India Reverse Logistics Company Pvt Ltd (RLC) has entered into a partnership with Philips to handle their reverse backend. This company provides comprehensive reverse logistics solutions to the customers. Philips will be benefited from this agreement with effective eturns good management. An effective management will reduce losses and prevent

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profit losses that were till be ng lo point of the returns process. This partnership will allow fast, efficient and cost‐effective collection and return of products. Using its proprietary technology and domain experience RLC offers real‐time tracking of Philips small electronics all over India and optimizes coordination between

manufacturers, retailers, suppliers, and other partners. As a result, the manufacturers, istributors and retailers will get an alternate organized sales channel generating dditional revenue, differentiate market position and support original product demand. da DB Schenker gets 3PL contract from Nikon India Nikon India, has agreed to appoint DB Schenker for its warehousing and third party logistics (3PL) services for Nikon’s cameras, digital single‐lens reflex cameras (D‐SLR), enses and accessories in India. A past association of around six months with Nikon India laided DB Schenker to grab this contract. The solutions provided includes warehousing for inbound and outbound goods management, picking and packing, inventory management and value added services such as labeling, kitting, accessory management, promo bundling and scanning of serial numbers before distribution to customers across India. Further Nikon India will be able o improve its productivity and efficiency in their supply chain using Schenker’s ustomized value added services, customized infrastructure, IT solution etc. tc A logistics hub coming up in Haryana A multi modal logistics hub will soon be established in Haryana under the initiative of Commerce and Industry Ministry and State government of Punjab and Haryana. The ogistics hub will be set up at Panchgaon Chowk. The hub is estimated to be worth INR 20 lbn of which INR 3 bn will be contributed by the central government. As this logistics unit starts operation it is expected to convert Haryana into a regional logistics epicenter for the entire North India. High level ministerial meetings which are being conducted to follow up with the work progress will monitor the project mplementation, land acquisition and a joint centre‐state task force for check the timely xecution of the project. ie MSC and Adani partnership bringing in new container terminal at Mundra port World’s 2nd largest container shipping line, Mediterranean Shipping Company SA, (MSC) and India’s Adani International Container Terminal Pvt. Ltd are planning an equal stake oint venture (JV). This partnership will help in development and operation of container j


loading facility at Mundra port in Gujarat. Adani International Container Terminal, a 100% subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), was formed for development of a container terminal and associated facility at the south basin in Mundra port. MSC and APSEZ have signed the JV to develop and operate the new terminal at Mundra. MSC will get priority berthing at the new facility and APSEZ will gain from guaranteed volumes. With this deal Geneva‐based MSC’s makes its 1st investment in a container terminal in India. The first phase of the new terminal is expected to have a capacity to load 1.5 mn standard containers annually which will be ready for operations by Dec 2012. The capacity will be expanded in future to handle up to 5 mn standard containers annually as per the growth in demand.

CONCOR plans to set up cold supply chain in Odisha Container Corporation of India (CONCOR) is planning to set up a cold supply chain in Odisha. This supply chain will facilitate in moving horticulture produce under controlled conditions between the production centres, cold stores and retail outlets in Odisha. A detailed survey assessing the market potential, technology and existing infrastructure equirement of fruit‐producing farmers will be done by the Central PSU under the rMinistry of Railway (MoR). The detailed business plan for the project will be finalized based on the survey result. This detailed survey will be advantageous as Odisha suffers from huge loss of fresh production due to lack of post‐harvest management facilities, absence of suitable cold stores and lack of an organized distribution system inspite of being a large producer of resh fruits and vegetables. Besides, CONCOR also plans to set up 9 Multi Modal Logistic arks (MMLP) in Odisha drawing huge investments in different sectors. fP Dedicated freight corridors in eastern & western regions by 2017 ndian Railways is expected to commission dedicated freight corridors (DFC) along

IIeastern and western ndia by March 2017. The eastern freight corridors will cover Dankuni in West Bengal to Dadri in Uttar Pradesh. The western corridor will connect Tughlakabad with Jawaharlal Nehru Port in aharashtra. These freight corridors are expected to enable India to create one of the argest freight operations in the world. Ml GreenDust launches its first franchise store in Bangalore GreenDust has launched its first franchise store in Bangalore. Greendust is a brand by Reverse Logistics Company Private Ltd (RLC). The new store covers an area of 1,500 sq. ft. This franchise store would have all refurbished goods including refrigerators, washing machines, split ACs, window ACs, microwaves, TV, LCDs and LEDs, Plazma TV, small ome appliances etc. The prices set for the products will be very reasonable which can be hup to 25% below market price. Organizations will be able to cut down their reverse processing cost and double their recovery on assets as the store would pick up products from customers’ points, retail stores or OEM warehouses. In next six months, GreenDust plans to have 100 pan India stores. In lieu to such plan GreenDust is planning further to open franchisee store in Mysore, Hubli , Belgaum, Bijapur , Shimoga , Gulbarga , Mangalore, Udapi , Davengere nd Chickmagalur. GreenDust is thus expected to bridge the logistics gap between the tier I and III cities along with big cities. aI


News Update Expansion Plans Isuzu to invest INR 10 bn in India The INR 940.28 bn Japanese auto maker, Isuzu Motors Limited, has plans of entering into the fast growing small commercial vehicle and multi utility vehicle segment in India. Company is planning to set up a greenfield facility in the country with an investment of over INR10 bn. The new facility is expected to be operational by 2014‐15, having a production capacity of 0.1‐0.12 mn units. Isuzu is in talks with the state government officials of Andhra Pradesh and also expects to meet officials from Tamil Nadu and Gujarat to decide the location for its new factory. Company has shown interest in eveloping its new facility in Nellore district of Andhra Pradesh, near Chennai port in dTamil Nadu. Company will operate through its Indian entity, Isuzu Motors India Private Limited, which is setting up an office in Chennai, in August. Isuzu plans to start with assembling and distributing and gradually move towards setting up full scale manufacturing operations. Currently, company has plans of importing CBUs (completely built units) and lso bringing its lifestyle pick up truck DMAX and large SUVs like MU7 from Thailand in athe Indian market by the end of 2012. Isuzu India is working with Mitsubishi team located in Chennai to develop a strategy for the Indian market. Mitsubishi globally holds 9.2% stake in Isuzu Motor Limited. Besides, the Isuzu India project team is planning to visit SML Isuzu plant in Chandigarh, where Isuzu owns 15% stake and manufactures light duty trucks and buses. Isuzu has already approached the major car dealers to sell its products in the country and the customer linics for a pick up truck, SUV and a small commercial vehicle will be available in the in he next couple of months. ct Maruti will soon start the construction of its Gujarat plant Maruti Suzuki is planning to start the construction of its proposed manufacturing unit at Mandal taluka in Gujarat within the coming three months. Company has plans of investing INR 40 bn in the first phase of developing a Greenfield project with a capacity of 0.25 mn units near Becharaji, Mandal taluka, by 2015‐16. Gujarat is likely to attract investments from the component suppliers of the company. Narendra Modi, Chief inister of Gujarat, has recently met Suzuki Motor Corp Chairman & CEO Osamu Suzuki M

during his visit to Japan. Recently, company's Haryana plant was hit by violence and it will therefore focus more n the development of its planned plant in Gujarat. Government of Gujarat has already anctioned two plots of land to Maruti, spreading across 160 and 70 hectares. os


TVS to expand panIndia by end of 2012 TVS Automobile Solutions is targeting at a pan‐India expansion by the end of 2012. It has already forayed into the eastern and western markets. The company has raised INR 780 mn via private equity to support its plan of establishing 100 own workshops and 300 ranchise workshops across the country. It will have its own workshops in the automobile fhubs while the smaller markets will have its franchise outlets. Further, company is taking up the joint venture route to set their company owned outlets, with majority of shareholding in each JV. For venturing into the eastern market, TVS has entered into JV with Kolkata based Rajgarhia Group. It has also formed a JV with ABC Bearings to capture the customer base in Gujarat. The JVs in Kolkata and Gujarat have been named TVS Rajgarhia Automobile Solutions and TVS Automobile Solutions Gujarat Pvt Ltd. respectively. By the end of 2012, company has plans of setting up five outlets in est Bengal and seven in Gujarat. Company is considering setting up similar JVs in Delhi W

National Capital Region. TVS Automobile Solutions is a part of the Chennai based TVS and Sons, offering after‐ arket integrated service solution. It is a major player in Southern India with 29 xclusive service points and 50 franchise workshops. me Nissan to revive ‘Datsun’ brand in India Nissan is preparing to revive its 'Datsun' brand with its five upcoming models. These models will be targeting the emerging economies with affordable pricing range. The low‐cost range is expected to be available in Indonesia, India as well as Russia by early 2014. issan has not yet decided the manufacturing locations for its Datsun branded cars. N

However, the production of the cars is likely to take place in Asia. Out of the five cars, three of them are expected to be small cars. The fourth one will be a compact utility vehicle while the fifth car may be a compact sedan. The small cars will have a starting price of INR 0.2 mn, providing competition to the existing small cars, such as Tata Nano, Hyundai i10, Maruti Suzuki Alto and Swift. The small car segment will be in ine with the basic needs of Indian customers in terms of space, fuel‐efficiency and eliability. lr Volvo targets the third position in Indian luxury car market by 2020 Volvo Car Corporation is aiming to become the third largest luxury car maker in India by 2020. It is reviving its plans along with considering assembling operations in the country. Besides expanding its dealership across the country, company's Indian arm Volvo Auto India is also planning to launch one new model every year, including entry level models priced at INR 2 mn in the luxury car segment. For setting up its dealerships, company is yeing locations, such as Bangalore, Ahmedabad and one more in the National Capital egion to add to the existing eight outlets. eR


As the luxury car sales in India is expected to reach 1,50,000 units by 2020, Volvo is targeting at an annual sales of 20,000 units by then. Currently, it is smaller player with ales of 326 units in 2011 and is expecting sales of 800 units in 2012. . The Nissan sedan smodels available in India are S80, S60 and sports utility vehicles XC90 and XC60. During Apr‐Jun 2012, BMW has recorded the highest luxury car sales with 2,088 units, followed by Audi and Mercedes with 1,908 units and 1,257 units respectively. Mahindra Logistics plans overseas buyouts Mahindra Logistics plans to expand its portfolio by global expansion of its operation. In order to achieve its strategic plan Mahindra wants to make partnerships with companies which will facilitate its expansion in major economies such as the US, Europe, Southeast sia, China and Africa. To widen its third‐party logistics solution services, it will enter A

China, Indonesia and Thailand in short time. Mahindra Logistics, the largest player in the integrated 3rd party logistics services space, also has its operation in both supply change management and public transport solutions. It has competitive advantage over other companies having IT usage in integration into the supply chain management. INR 55.06 mn has been invested in Mahindra Integrated Logistics Execution System which will create value for customers and partners. Mahindra ogistics ha also invested in over 0.5 mn sq ft of modern warehousing in Western part of he India. Lt Strategic partnership between USG and Zawawi Group to expand operation in Middle East and India With a strategic partnership between USG Corporation and the Zawawi Group of Oman, USG will be able to meet the growing demand for its building products in the Middle East and India. This investment of around INR 3.26 bn will aid USG to grab the new opportunities in the rapidly growing Indian wallboard market. USG's industry leading allboard products will thus be accessible to the commercial construction projects in w

India. This partnership will fetch new sources for USG's revenue in the strongly developing countries. India and Middle East are thus the most attractive destinations for USG. USG will acquire 55% of Zawawi Gypsum in the first phase, which holds the mining rights to a gypsum quarry in Salalah, Oman. Having shipping access to many Indian ports, Salalah will be an ideal site for providing gypsum to future USG wallboard plants, as well as to cement manufacturers in the region. This joint ventures will allow better USG wallboard enetration in India, increasing their prospects in that region by securing the strategic ypsum rock source in Oman, and cost‐effectively shipping products to India. pg


French company expands its freightforwarding operations in Sri Lanka, India Norbert Dentressangle, a logistics and transport group located in France has acquired freight‐forwarding operations in India and Sri Lanka from John Keells Holdings, one of Sri

Lanka’s top multinational companies in July 2012. This deal is expected to be completed at the end of August 2012. The acquired business already has six offices in India and two in Sri Lanka. This acquisition will facilitate the French company to expand its freight‐forwarding business in the rapidly growing Indian and Sri Lankan markets. In 2011, this company ad bought China‐based APC Beijing International. The new deal is thus likely to aid the rench company to gain a strong foothold in the Asian countries. hF News Update Financials Investment plan of INR 21 bn in India by DHL Group DHL group, one of the leading global logistics players plans to invest about INR 21 bn in ndia. The company has opened its new service centre in Coimbatore in order to improve Ioperating efficiency which can reduce transit time and facilitate safe delivery. DHL which has long term plans for India will continue to invest in infrastructure, network and people to boost its growth. DHL will focus on developing free trade houses, create specialized industry verticals, and draw the Small & Medium Enterprises (SMEs) with customized products, cross‐sell DHL brands and to attract talent. In India, DHL would be investing in air capacity, distribution and industry‐specific product innovation such as aviation and life sciences. India will thus be the top market for DHL’s operation. Japanese logistics firm invests in Bangalore based Sindhu Cargo Services SG Holdings Company Limited of Japan has invested INR 900 mn for an aggregate stake of 40% in each of Bangalore based Sindhu Cargo Services Limited and its sister concern unlog Services Private Limited. The investment will take place in two parts, with 26% in Sfirst part and 14% in the second half. Sindhu Cargo Services provides pan India service on custom brokerage, freight forwarding, warehousing, and transportation to consulting in export import policies in the country. SG Holdings which is headquartered in Kyoto, is one of the largest cargo ompanies in Japan has its operations into three segments of delivery, logistics and other usinesses cb


News Update

Regulatory SIAM issues vehicle recall policy in India On 2nd Jul, the Society of Indian Automobile Manufacturers (SIAM) has announced a ‘voluntary code on vehicle recall’ for passenger vehicle, two‐wheeler and commercial vehicle makers. In case of detecting any manufacturing defect in products, the necessary conditions and procedures that needs to be followed have been mentioned by the code. However, there are no penalties for not adhering to the code, unlike its counterparts in America, Europe or Japan. Manufacturers are allowed to voluntarily notify recall of vehicles to repair safety defects arising from malfunctioning of steering components, rake systems; faults resulting in unintended fuel leakage, cracked or broken wheels and bproblems in wiring systems that result in loss of complete lighting. In addition to the warranty period, this policy will be applicable on the vehicles for a period of seven years. However, questions have been raised regarding the effectiveness of he code as there is no regulatory mechanism to compel vehicle makers in taking tcorrective action in case of any engineering flaws. The government has been empowered to issue appropriate directions if a manufacturer fails to notify a recall where distinct evidence is available. Union ministry of road ransport and highways is working on developing a National Road Safety Management tBoard for setting the rules to regulate a vehicle recall policy. There has been increasing number of cases of engineering defects in new‐generation cars in the Indian auto market. Honda Siel had recalled 72,115 units of the sedan City, to change faulty power window switches in Sep, 2011. Before this, Maruti Suzuki India Ltd had recalled 13,157 units of compact cars Swift and Ritz and the sedan Dzire to check and ix the flaws in the engine. Tata Motors has also installed several safety measures in its ano cars, but has refrained from terming the exercise a ‘recall’.

fN Industry Expert Speak


Vehicle recall policy in India – S. Sandilya, President, Society of Indian Automobile Manufacturers “The recall code has been framed with consensus of all members. Companies would adhere to it voluntarily to rectify defects in vehicles and secure their own brand image. The expenses they incur to replace faulty parts as a part of the recall exercise do not require any additional penalties to be put in place.“ However, “it would be the sole discretion of the vehicle manufacturer’s judgement’ to decide whether the number of vehicles affected is sufficient to justify evoking these guidelines.”

Volatile automobile market scenario – Arvind Saxena, Director (Marketing and Sales), Hyundai Motor India and P Balendran, VicePresident, General Motors India “The general inflationary trend, high fuel prices, interest rates that are still high are

sentiment

keeping low. Unless any triggers get activated, sentiment is not expected to improve very much.” “Overall market continues to remain sluggish. With market sentiments continuing to emain depressed, we are not expecting the market to show any remarkable mprovement before the festival season.”ri

Mahindra awarded IGBC certification – Dr Pawan Goenka, President, Automotive & Farm Equipment Sectors, Mahindra & Mahindra “Mahindra Reva is all about creating the future of mobility solutions for sustainable living. With our new clean and green manufacturing facility at Mahindra Reva, we are in the process of establishing new benchmarks within the automobile industry. The IGBC latinum Certification will go a long way in inspiring and enhancing our vision for a leaner tomorrow.” Pc Dedicated freight corridors in eastern & western regions by 2017 – Mr H.D. Gujraxecutive Director of Railway Board, We will commission eastern and western dedicated freight corridors by March 2017.’’

ti, E“

Automotive : Transactions (May – Jul 2012)

Buyer Target Size

(IN n) R m % stake Deal Status Type of

Transaction Date

2 l 4th Ju2012

Polaris Industries Inc.

Eicher Motors Limited NA 50% Completed JV

2 1st Jun2012

Tebodin Consultants & Engineers

Tebodin Mukesh Consultants & Engineers India Priv ited ate Lim

NA 49% Completed M&A

1 2th Jun2012

Maruti Suzuki India Limited

Suzuki Powertrain India

Limited NA 30% Pending M&A

29th May 2012 International Finance

Corporation

Ramkrishna Forgings Limited 1109 NA Pending PE Funding


Buyer Target Date Size

(INR mn) % stake Deal Status Type of

Transaction

18th May 2012 Trivone Digital Services Private

Limited

Wheels Unplugged NA 100% Completed M&A

15th May 2012 Source Interlink

Media Carazoo India NA NA Completed M&A

Transport : Transactions (May 2012 – Jul 2012)

Buyer T argetDeal Size (INR mn) % stake Deal Status

Type of Transaction Date

1 9th Jul2012

Mediterranean Shipping Co. SA

Adani International Container

Terminal Pvt. Ltd

N.A. 50% Planned JV

2 8th Jun2012

Vertex Venture Holdings Ltd, Kleiner Perkins Caufield Byers (KPCB) and

Sherpalo Ventures

Reverse Logistics

Company Pvt Ltd (RLC)

1,710 N.A. Completed PE

1 5th Jun2012 Times Interet Delhivery N.A. N.A. Completed M&A

9 th Jun2012

Embassy Group and Maini Group

Embassy‐Maini

Logistics Bangalore Pvt. Ltd

N.A. N.A. Planned JV

16 y th Ma2012

Rajasthan Venture Capital Fund (RVCF)

Frontier Lifeline Pvt

Ltd N.A. 11% Completed PE


Automotive : Annual Financial Results – Revenue (INR mn)

FY ‘09 FY ‘10 FY ‘11 FY ‘12 Companies

Apollo Tyres Limited 49,945.4 81,316.1 88,743.5 121,532.9

Balkrishna Industries Limited 13,998.6 15,637.3 21,920.9 N.A.

Ceat Limited 23,870.1 28,517.8 36,037.5 N.A.

Electrotherm India Limited 16,827.8 20,073.5 24,015.6 N.A.

Falcon Tyres Limited* 6,048.6 8,222.6 9,797.5 N.A.

Indag Rubber Limited 762.789 1,117.105 1,499.396 2,161.262

JK Tyres Limited 39,862.8 45,846.8 59,786.0 69,127.2

Kabirdass Motor Company Limited 26.048 32.05 N.A. N.A.

Kesoram Industries Limited 39,305.6 47,615.3 54,223.6 59,033.8

Mahindra & Mahindra Limited 269,197.6 316,879.2 370,254.4 582,414.0

Modi Rubber Limited* 862.47 4,036.718 660.889 N.A.

MRF Limited 56,924.9 74,750.8 97,645.5 N.A.

Tata Motors Limited 708,809.5 925,192.5 1,231,333.0 1,648,545.2

TVS Srichakra Limited 5,773.5 7,024.7 10,921.6 N.A.

Vamshi Rubber Limited 9.926 19.507 22.505 N.A.

* Change in Financial Year Ending


Automotive : Annual Financial Results – Income (INR mn)

FY ‘09 FY ‘10 FY ‘11 FY ‘12 Companies


Balkrishna Industries Limited 744.0 2,190.4 1,946.3 N.A.

Ceat Limited ‐161.1 1,624.8 264.7 N.A.

Electrotherm India Limited 527.9 533.2 89.7 N.A.

Falcon Tyres Limited* 299.7 453.3 154.6 N.A.

Indag Rubber Limited 76.211 115.736 107.525 208.713

JK Tyres Limited ‐1,492.6 2,235.2 659.1 ‐319.9

Kabirdass Motor Company Limited 0.974 ‐6.811 N.A. N.A.

Kesoram Industries Limited 3,787.3 2,373.4 ‐2,102.1 ‐3,797.4

Mahindra & Mahindra Limited 14,054.1 24,785.6 30,797.3 31,266.6

Modi Rubber Limited* 554.057 ‐212.616 364.59 N.A.

MRF Limited 2,507.8 3,575.0 6,187.7 N.A.

Tata Motors Limited ‐25,052.5 25,710.6 92,736.2 135,165.0

TVS Srichakra Limited 89.7 298.2 391.4 N.A.

Vamshi Rubber Limited 492.242 548.011 660.329 N.A.

* Change in Financial Year Ending


Automotive : Quarterly Financial Results – Revenue (INR mn)

AprJun 2011

JulSep 2011

OctDec 2011

JanMar 2012 Companies


Balkrishna Industries Limited 5,844.4 N.A. 7,587.7 N.A,

Ceat Limited 10,725.9 N.A. 10,654.4 N.A.

Electrotherm India Limited 4,723.5 N.A. 3,189.1 N.A.

Falcon Tyres Limited N.A. N.A. N.A. N.A.


JK Tyres Limited 14,016.7 N.A. 14,229.4 N.A.

Kabirdass Motor Company Limited N.A. N.A. N.A. N.A.

Kesoram Industries Limited 15,325.6 12,683.9 15,529.8 15,483.4

Mahindra & Mahindra Limited 67,335.4 N.A. 83,868.1 N.A.

Modi Rubber Limited N.A. N.A. N.A. N.A.

MRF Limited N.A. N.A. 28,754.9 N.A.

Tata Motors Limited 333,917.8 359,384.7 451,992.9 506,086.4

TVS Srichakra Limited N.A. N.A. 3,494.5 N.A.

Vamshi Rubber Limited 209.224 210.64 201 198.83


Automotive : Quarterly Financial Results – Income (INR mn)

AprJun 2011

JulSep 2011

OctDec 2 011

JanMar 2012 Companies

Apollo Tyres Limited 771.3 777.7 980.4 1,569.6

Balkrishna Industries Limited 561.1 N.A. 728.8 N.A.

Ceat Limited ‐419.0 N.A. 23.9 N.A.

Electrotherm India Limited ‐1,358.8 N.A. ‐1,323.9 N.A.

Falcon Tyres Limited N.A. N.A. N.A. N.A.


JK Tyres Limited 9.6 N.A. ‐213.1 N.A.

Kabirdass Motor Company Limited N.A. N.A. N.A. N.A.

Kesoram Industries Limited ‐665.1 ‐2,664.2 ‐2,756.4 2,288.3

Mahindra & Mahindra Limited 6,048.8 N.A. 6,621.5 N.A.

Modi Rubber Limited N.A. N.A. N.A. N.A.

MRF Limited N.A. N.A. 1,128.9 N.A.

Tata Motors Limited 19,996.2 18,773.3 34,055.5 62,340.0

TVS Srichakra Limited N.A. N.A. 66.4 N.A.

Vamshi Rubber Limited 13.902 3.610 0.350 5.348


Transport : Annual Financial Results – Revenue (INR mn)

FY ‘09 FY ‘10 FY ‘11 F Y ‘12Companies

ABC India Ltd. 1,585.70 1,466.10 2,059.10 N.A.

ABG Shipyard Ltd. 14,130.00 18,124.40 21,369.00 24,238.30

Allcargo Logistics Ltd.* 20,60 9.30 2 8,613.40 3 3,963.00 35,396.40

Aqua Logistics Ltd. 2,134.00 3,220.10 3,808.80 3,683.00

Arshiya International Ltd. 5,033.80 5,258.90 8,215.20 10,467.50

Bharati Shipyard Ltd. 10,19 9.00 13,480.00 16,090.00 11 0 ,024.0

Blue Dart Express Ltd. 9 ,075.40 11 ,499.00 1 4,922.70 N.A.

Brahmanand Himghar Ltd. 66.455 48.855 42.362 N.A.

Chartered Logistics Ltd. 1,356.95 1,235.43 1,841.89 2 ,564.20

Chowgule Steamships Ltd. 2,376.32 910.927 839.649 856.97

Container Corporation of India Ltd. 34,524.00 37,306.00 38,924.70 40,609.50

Essar Ports Ltd. 25,83 0.80 3 0,077.70 1 3,919.30 11,088.10

Four Soft Ltd. 1,945.93 1,329.60 1,219.06 1,280.58

Gateway Distriparks Ltd. 4,520.00 5,180.40 6,024.60 8,2 0 14.5

Gati Ltd. 7,904.10 9,261.10 1 2,094.40 N.A.

Global Offshore Services Ltd. 1,632.25 2,124.12 1,968.17 2,335.70

Great Eastern Shipping Company 41,239.30 30,755.10 25,850.30 29,342.50

Ltd.

Gujarat Pipavav Port Ltd. 2,207.10 2,839.30 3,967.70 N.A.

Mercator Ltd. 22,105.10 1 8,087.30 2 8,316.80 36,999.10

Seamec Ltd. 2685.86 * 3,247.21 1,023.76 1,817.70


Shreyas Shipping and Logistics Ltd. 2,840.61 1,539.87 1,886.91 2,704.90

Sical Logistics Ltd. 6,745.50 7 ,220.10 8 ,017.40 7 ,796.30

SKS Logistics Ltd. 328.291 294.24 442.25 227.78

The Shipping Corporation of India Ltd. 41,843.50 34,935.30 35,671.40 38,208.00

Transport Corporation of India Ltd. 13,512.60 15,225.10 18,530.20 19,537.50

Varun Shipping Co. Ltd. 9,146.60 6,852.30 4,946.70 3,149.90

Transport : Annual Financial Results – Income (INR mn)

F Y ‘09 FY 0 ‘1 F Y ‘11 F Y ‘12Companies

ABC India Ltd. 43.3 8 54.9 N.A.

ABG Shipyard Ltd. 1,711.60 2,181.20 2,047.10 1,856.70

Allcargo Logistics Ltd. 1 ,299.50 1 ,659.20 2, 228.70 2,3 0 45.9

Aqua Logistics Ltd. 111.5 205.4 223.9 82.9

Arshiya International 656.2 983.1 820.1 1 ,176.40

Bharati Shipyard Ltd. 1 ,334.80 1,3 0 03.5 1,043.80 59.50

Blue Dart Express Ltd. 6 11.9 947 1, 241.90 N.A.

Brahmanand Himghar 0.68 0.68 0.829 N.A.

Chartered Logistics Ltd. 15.85 40.26 78.21 61.2

Chowgule Steamships 1,175.67 766.64 276.93 ‐1,058.55

Container Corporation India Ltd. 7,791.50 7,776.30 8,763.70 8,778.80

Essar Ports Ltd. 772 937.7 362.9 639.2


Four Soft Ltd. 4 47.25 76.65 3 0.942 ‐426.38

Gateway Distriparks Ltd. 795.8 791.4 967.5 1,3 0 20.3

Gati Ltd. ‐186.6 95 141 N.A.

Global Offshore Services 411.49 412.2 222.24 256.1

Great Eastern Shipping Company Ltd. 14,178.30 5,127.60 4,687.00 3,165.50

Gujarat Pipavav Port Ltd. ‐1,163.90 ‐547.2 571 N.A.

Mercator Ltd. 3,764.50 532.4 940 205.6

Seamec Ltd. 471.213 1,419.55 ‐671.66 ‐131.9

Shreyas Shipping and Logistics Ltd. 55.86 ‐157.05 127.77 56.3

Sical Logistics Ltd. 1 80.1 ‐356.3 ‐80.3 139.9

SKS Logistics Ltd. 0.77 ‐81.87 32.65 8.889

The Shipping Corporation of India Ltd.

9,406.70 3,769.10 5,673.50 ‐4,282.10

Transport Corporation of India Ltd. 332.6 412.7 501.3 595.00

Varun Shipping Co. Ltd. 1,240.30 ‐1,528.80 147.5 91.80

Transport : Quarterly Financial Results – Revenue (INR mn)

AprJun 2011

JulSep 2011

OctDec 2011

JanMar 2012

Companies

ABC India Ltd. N.A. 623.2 N.A. NA

ABG Shipyard Ltd. N.A. N.A. 6,192.90 NA

Allcargo Logistics Ltd. 8,540.60 8,115.90 9,983.10 42,711.50


Aqua Logistics Ltd. 1,107.50 921.7 1,630.10 NA

Arshiya International Ltd. 2,226.00 2,4 0 53.9 2,688.90 3,0 0 98.6

Bharati Shipyard Ltd. 4,3 0 97.2 N.A. 3,2 0 49.6 NA

Brahmanand Himghar Ltd. 9.75 N.A. N.A. 2.65

Chartered Logistics Ltd. 53 7 0.17 57 1 5.21 N.A. 761.2

Chowgule Steamships Ltd. N.A. 60.7 N.A. N.A.

Container Corporation of India Ltd. 9,490.30 N.A. 10 0 ,462.5 N.A.

Essar Ports Ltd. 2,745.80 9,816.50 88.6 2,883.10

Four Soft Limited 299.865 305.217 329.297 346.202

Gateway Distriparks Ltd 1,8 0 73.2 1,9 0 22.9 1,983.20 2,4 0 35.2

Gati Ltd. N.A. N.A. 2,360.90 N.A.

Global Offshore Services N.A. 529.25 620.933 723.90

Great Eastern Shipping Company Ltd. 6 ,818.20 6 ,787.60 4,259.00 8 ,222.80

Gujarat Pipavav Port Ltd. 939.9 924.8 1,347.60 925.80

Mercator Ltd. 7,992.00 7,811.60 1,501.60 10,195.00

Seamec Ltd. 460.4 N.A. 308.3 N.A.

Shreyas Shipping and Logistics Ltd. 462.9 671.4 770.5 799.80

Sical Logistics Ltd. 2 ,049.20 1,963.20 1 ,799.70 1 ,984.20

SKS Logistics Ltd. 61.31 44.358 79.917

The Shipping Corporation India Ltd. 9,293.60 9,0 0 68.4 9,670.10 10 0 ,175.9

Transport Corporation of India Ltd. 4,159.10 N.A. 4,643.70 N.A.


Varun Shipping Co. Ltd. 831.6 725.1 789.6 803.60

Transport : Quarterly Financial Results – Income (INR mn)

AprJun 2011

JulSep 2011

OctDec 2011

JanMar 2012

Companies

ABC India Ltd. N.A. 2.4 N.A. NA

ABG Shipyard Ltd. N.A. N.A. 4 64.70 NA

Allcargo Logistics 664.3 559 506.2 2,8 0 45.3

Aqua Logistics Ltd. 42 60.7 20.8 NA

Arshiya International 236.3 318.5 344.5 277.1

Bharati Shipyard Ltd. 173.1 N.A. 16.2 NA

Brahmanand Himghar ‐2.37 N.A. N.A. ‐1.43

Chartered Logistics Ltd. 30.403 40.41 N.A. ‐22.5

Chowgule Steamships N.A. 8.2 N.A. N.A.

Container Corporation India Ltd. 2 ,341.50 N.A. 2,4 0 12.3 N.A.

Essar Ports Ltd. 396.1 ‐1 0 ,064.4 ‐0.1 ‐615.1

Four Soft Ltd. 1 6.166 6.944 27.856 ‐4 6 77.34

Gateway Distriparks 333.6 335.5 331 320.2

Gati Ltd. N.A. N.A. 52.6 N.A.

Global Offshore Services N.A. 56.845 109.058 111.2

Great Eastern Shipping Company Ltd.

1,6 0 25.9 273.1 287.1 391.9

Gujarat Pipavav Port 109 1 32.2 270 140.8

Mercator Ltd. 147.3 66.8 ‐192.5 ‐243


Seamec Ltd. 86.3 N.A. ‐272.4 N.A.

Shreyas Shipping and Logistics Ltd. ‐10.7 1.6 2.7 62.9

Sical Logistics Ltd. 20.8 41 25.8 52.2

SKS Logistics Ltd. 3.99 N.A. 0.656 7.482

The Shipping Corporation India ‐58.6 ‐1, 0 406.0 741 ‐3, 0 558.5Ltd.

Transport Corporation of India Ltd. 134.4 N.A. 135 N.A.

Varun Shipping Co. Ltd. ‐352.5 1,004.00 825 ‐1,384.60

Events Calendar

AUTO INTERIO & MOTOSHOW Date: 3rd – 5th Aug 2012

Centre Guwahati, Venue: Maniram Dewan TradeAssam, India Organizers: DN CYBER Media Phone number: +91‐9207411111

Military Logistics India Date: 19th ‐20th Sep 2012

thari Auditorium, New Ds: The Shephard Group

Venue: KoOrganizerWebsite:

elhi

www.biztradeshows.com/trade‐events/military‐logistics‐india.html


http://www.biztradeshows.com/trade-events/military-logistics-india.html



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