RECEIVABLE MANAGEMENT OF INDIAN AUTOMAKERS IN A REVIVED SCENARIO *P.Nageswari ‚** E.Bennet‚ *** Dr.M. Selvam Abstract January 2010 marks a milestone in the automotive journey of the country with Maruthi Suzuki‚ Tata Motors‚ Mahindra & Mahindra and General Motors India reporting their highest ever monthly sales. A firm’s profitability is determined partly by way of its working capital management. An efficient management of working capital will yield significant results and its neglect can be highly
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THE INDIAN AUTOMOTIVE INDUSTRY A. Introduction The Automotive Industry in India is one of the larger markets in the world and had previously been one of the fastest growing globally‚ but is now seeing flat or negative growth rates. India’s passenger car and commercial vehicle manufacturing industry is the sixth largest in the world‚ with an annual production of more than 3.9 million units in 2011. According to recent reports‚ India overtook Brazil and became the sixth largest passenger vehicle
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Convenience. Based on Economy Though Tata Nano was launched as the 1 Lakh car‚ it’s exact price range varies between Rs.1.59 lakhs to Rs.2.23 lakhs in the market at present. With this price range‚ in the four wheelers category there is Maruti 800‚ Maruti Suzuki OMNI‚ Maruti Alto 800 and Hyundai Eon which has a price lesser than Rs. 3 Lakh. Being the cheapest car available in India‚ they also have competitors in the two and three wheeler segments. Tata Nano would be the next best option for this segment of
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THE END OF ROAD FOR INDIAN ARISTROCRACY "Had HM (Hindustan Motors) continued to evolve the Amby1 over the past 60 years without changing the DNA‚ it would have been the Rolls Royce of India. It can still turn the clock around and become a best-seller in a new avatar that exudes contemporariness and quality." -Dilip Chhabria2 "In the present shape I don’t think the Ambassador has got any chances of revival. It doesn’t make any business sense." -Deepesh Rathore‚ Emerging Markets Automotive
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Business level strategy of Maruti-suzuki nd its competitor Primary Activities • Plants at Manesar & Gurgaon; 7600 employees • Partnership approach with all stakeholders FIRM • Annual General MeetingsINFRASTRUCTURE • IR Cell • Production Management System aimed at achieving manufacturing supremacy through Japanese principles of 5S‚ 3G & 3K • Major component of variable pay ensures alignment of employees with organization HUMAN • Innovation forms a core value & is highly
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Rise and Fall of Ambassador car: Introduction: Based on Britain’s Morris Oxford series of cars by the Morris Motors‚ Ambassador was the first car to be produced in India. It started production in 1958‚ and for a long time was the only car to be sold in India. In the fiscal year ending March 2014‚ the company sold only 2‚200 cars out of the 1.8 million cars sold in India that year. Despite the fact that it had over 70% market share at a time‚ how did they lose their grip and slip to a mere 0.12% market
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Artificial intelligence Artificial intelligence (AI) is the intelligence of machines and robots and the branch of computer science that aims to create it. It is "the study and design of intelligent agents" where an intelligent agent is a system that perceives its environment and takes actions that maximize its chances of success. John McCarthy‚ who coined the term in 1955‚ defines it as "the science and engineering of making intelligent machines." Artificial intelligence is used for logistics
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IMB 443 SEEMA GUPTA VOLKSWAGEN IN INDIA In just 4 years since Volkswagen (VW) set up its India operations‚ it had captured a 3.6% market share - something the Detroit giants had not been able to do after more than a decade in the country (Exhibit 1). VW was the flagship brand of the Volkswagen group‚ which also owned Audi‚ Bentley‚ Bugatti‚ Lamborghini‚ Porsche‚ SEAT‚ and Skoda. In India‚ the group was present with Skoda‚ Audi‚ and VW.1 Maik Stephan‚ Managing Director‚ Volkswagen Group Sales
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[pic] [pic] An ISO 9001 : 2008 Certified [pic] Contact Us Mr. Rajesh Khanna (Director) Tokai Engineering Private Limited Address : Plot No. 123‚ Sector-6‚ I. M. T.‚ Manesar Gurgaon‚ Haryana - 122 050 (India) Phone : +(91)-(124)-4367800 Fax : +(91)-(124)-4367808 Mobile :+(91)-9215548687 Click to Call Free Send SMS / Text Message E-Mail : md@tokaiengineering.com‚ surya@tokaiengineering.com We‚ Tokai Engineering Private Limited is an ISO 9001 : 2008 certified company engaged
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The Ambassador has ruled the Indian Roads till the 80s and has been the car which symbolized India for long. But in the last two decades‚ other Indian and Foreign car manufacturers moved in at a rapid pace with large number of car variants placed and priced aggressively. Ambassador‚ though a sturdy car with competitive mileage and new ISUZU engine‚ has slowly lost the market to its competitors. Hindustan Motors is facing a dipping down monthly sales figure and needs to reposition ambassador at the
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