Tata Motors shares drop 3% ahead of Jaguar and Land Rover deal
March 26, 2008
Filed under Autos, India News
It was meant to be a good day for Tata Motors, as they are to sign the deal with Ford which sees the Indian Automaker take control of Jaguar and Land Rover. Well it seems as if share holders do not see this as a good investment for the company, as a result Tata Motors shares dropped by 35 ahead of the JLR deal.
Tata Motors have singed a $2 billion deal which sees them take both Jaguar and Land Rover from Ford. The thing is we know that Ford have had a hard time of late and sales figures have not been that great, which is why they had to raise some funds, so selling Jaguar and Land Rover was the only choice for them.
However I have to wonder if Ford has just passed on a bigger problem to Tata Motors, as JLR did no help with Ford’s sales figures, so what plans have Tata got. I do see a shinning light at the end of the tunnel for Tata though, as it seems that Indians are buying cars at a quick rate, and the company is in a unique position to offer Indian drivers a luxury option.
Source - The Economic Times
India Mobile News: more cell phone users than US by April 2008
March 25, 2008
Filed under Cell Phones, India News
When it comes to the population of China and India, they dwarf many other countries including the US, but their technology has always been miles behind. Now it looks like India will have more cell phone users than the USA by April 2008, this has been reported by India’s telecom regulatory body (TRAI).
They have said the mobile phone segment has seen an increase of “8.53 million subscribers in the month of February 2008 and 8.77 million subscribers in January 2008”; this now takes India’s total wireless phone users to 250.93 million. This is phenomenal growth and much more than China and the US in the same months, TRAI makes the prediction that India will take second place by April 08 in total subscriber base. The worlds first are China.
This growth will keep increasing for a long time yet as only 1 in 4 Indians have a phone.
Source: Read
