The rise of Royal Enfield from a fading icon to a global pin-up has been an amazing triumph.
Of RBI’s reserves of Rs 9.7 lakh crore, the contingency fund (which cannot be touched) stands at Rs 2.3 lakh crore while revaluation reserve (or unrealised gain) is close to Rs 7 lakh crore.
The impact on the financials of Indian suppliers will reflect in the next few months.
Cummins’ positive statement on local sales has broader implications as it points to a revival in manufacturing activity.
Maruti Suzuki, the single-biggest driver of the Indian car market, just saw its market share fall below 50%.
The slackening of demand was evident in retail sales, which dropped 15-35% for two-wheelers ahead of Diwali
The supply to commercial vehicle makers accounts for nearly 41 per cent .
The Street has been factoring in revenue growth of 14.8 per cent and 12.7 per cent.
Consolidated net profit is expected to be Rs 9,543 crore in the September quarter.
JLR has total debt outstanding of the equivalent of about Rs 36,000 crore at end of FY18.
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