Research on India_Automotive and Transport Sector in India_August 2012

Automotive and Transport Sector in India

Monthly Update

August 2012

Top Story Indian to produce 6 mn green vehicles by 2020 Indian government plans to invest INR 230 bn to increase the production of electric and hybrid vehicles in the next eight years. The country aims to produce 6 mn green vehicles by 2020, including 4 to 5 mn two‐wheelers, such as bicycles, scooters and motorcycles. New Delhi plans to contribute INR 130‐140 bn of the total investment plan, with ompanies providing the rest. Mahindra & Mahindra’s Reva has set a target of selling c30,000 of its battery‐run cars per annum by 2016. India’s electric and hybrid vehicle is still at a nascent stage. Presently, most manufacturers are focused on the production of low‐emission conventional cars owing to the lack of the infrastructure for electric vehicles and high cost of new technologies. The Indian electric vehicle market had suffered tremendous loss after the withdrawal of government subsidies worth up to INR 0.1 mn per vehicle in April. However, the electric and hybrid vehicle market is expected to gain momentum with renewed government upport in terms of individual schemes for subsidy element, R&D, demand creation and nfrastructure. si Diverse features make Darcl one of the leading logistic companies in India Darcl Logistics offers multimodal logistics services spread over a wide network of more han 178 locations. Its multimodal logistics include Rail ‐ Road shipments, Road ‐ Air tshipments and Road ‐ Sea shipments. Darcl has acquired more than 100,000 trucks including 20 trans‐shipment hubs across major port cities and industrial towns spreading across all the major destinations in India. With a fleet of more than 500 heavy vehicles Darcl Logistics has developed into an all logistics company in India having PAN India coverage. Darcl provides high quality ogistics services to different sectors such as telecom, agriculture, automobile, power and lFMCG. The company thus sufficiently meets the complete transportation requirements of the lients without any types of geographical hindrances. These diverse qualities have turned he company into one of the leading logistics companies in India. ct

Automotive and Transport – Monthly Update

News Update

General Recovery in US auto market pleases the Indian auto component makers The auto industry in US has been gradually recovering after years of unstable market conditions. Compared to the previous five years, there was maximum growth in the month of Jul 2012. Total sales had increased by 9% y‐o‐y. However, the 14.09 mn units sold in Jul was less than the 15.1 mn units sold in Feb 2012. Chrysler, Toyota and Honda itnessed growth in sales. But domestic majors like General Motors and Ford has not yet w

benefited from the country’s recovering auto industry. India’s auto component makers are happy with the revival in the US auto industry, as European market is also going through a crisis situation. Besides, Chinese market has been affected by financial sector problems and government restrictions. Auto sales in hina have recorded a minor growth of less than 3% during Jan‐Jul 2012, which is being Cconsidered as the country’s worst performance in more than a 20 years period. Indian component makers are relying on exports as the domestic auto industry is also going through a slow growth phase. Hence, the gradual recovery in the US auto industry cts as a boon for the India’s critical component industry as it is likely to offset the eclining demand from the other global markets. ad 30 new cars to hit the market during the festive season Auto makers are planning to roll out 30 new cars during the festive season in India. Automobile industry has been witnessing declining car sales owing to rising fuel prices, high interest rates and overall economic slowdown. However, carmakers are expecting to evive sales by introduction of new models across segments and markets, from new rMaruti 800 to Jaguar XJL. Festive season is stretched over a longer period this year, starting with Onam in Aug and ending in mid‐Nov with Diwali. Softening interest rates coupled with aggressive pricing on new products can help in increasing sales during this season. Interesting combination of micro small cars, hatchbacks, sedans and SUVs will soon hit the market. These include, aruti 800, Mahindra Mini Xylo, Volkswagen UP!, Ford EcoSport SUV, Chevrolet Sail and M

Tata Manza CS and others. Hyundai has launched its new Elantra sedan on 13th Aug with an introductory pricing of around INR 1 mn onwards. Following this, Toyota will launch its new version of its premium sedan Camry on 24th Aug. Besides, new Maruti 800 is expected to be in roduction by next week and will be launched by the end of 2012. Volkswagen’s mini car P! will soon enter the Indian market and is expected to have a starting price of 0.3 mn.

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Ford India recalls owing to manufacturing defects Manufacturing defects in Figo and Classic, which have resulted in recalling around 30,000 of these models by the US based Ford Motor’s subsidiary Ford India. There were 1problems associated with the steering and rear suspension. Faulty rear twist beams have been installed in the cars that were manufactured between Jan 2008 and Dec 2010. This could cause problems in the car’s brake performance. 17,655 of Figo and Classic cars produced from Sep 2010 to Feb 2011 were recalled for replacing a PAS Hose. This faulty hose could result in leakage of oil, addition of noxious umes, smoke or even fire in extreme cases. Few Figo and Classis cars exported to South frica are also included in this recall.

fA Production begins at Maruti’s Manesar plant Maruti Suzuki India Limited has resumed the production at its Manesar plant, after a month shut down owing to the labour unrest which had resulted in the death of one senior executive and 100 others injured. During this period, more than 500 auto ancillary makers in the Gurgaon‐Manesar‐Bawal auto hub had gone through a rough time owing to demand shortage. Profits went down due to lack of fresh orders. Several ad‐hoc labourers were laid off along with reduction in working hours. From three work shifts it was cut own to one. In Udyog Vihar, most auto ancillary units had witnessed 60‐70% decline in dproduction coupled with inventory pile up resulting in losses. The shut down at the Manesar plant had been harmful for the auto ancillary anufacturers in the region. Surrounding auto ancillary units had incurred huge losses in midst the demand slump. ma Volkswagen appoints Arvind Saxena as MD in India Germany based Volkswagen has appointed Arvind Saxena as the managing director of its passenger car business in India. He has been chosen to improve the company’s market share amidst major Asian car makers along with reviving its declining sales. Company elieves that Mr. Saxena’s wide knowledge and understanding of the Indian automotive bsector will aid in the development of the brand. 36,386 Volkswagen cars have been sold in India during Jan‐Jun 2012 in comparison to 37,678 for the same period last year. Company has plans of launching its cheapest small ar UP! in 2013 as an effort to increase the its overall sales in the country to 1 mn units by 018. c2 Freight charge likely to increase for container train operators Rail freight charge for container train operators is likely to increase owing to the Railway Ministry’s proposal. As a result of this price hike the cost of operations for players such as ontainer Corporation of India (Concor), Gateway Rail Freight, Arshiya Rail, APL ndialinx, Hind Terminals, Container Rail Road Services, Boxtrans and Inlogistics will rise. CI


The proposed hike follows the increase in container transportation charges on various trade lanes connecting India by shipping lines such as APL, MSC and Evergreen. This subsequent decision might have resulted as world’s top two shipping lines NOL and MSC hipping supports APL and Hind Terminals respectively. This hike will make ransportation of goods on container trains expensive. St Gati Ship launching a dedicated service between ChennaiYangon Gati Ship Pvt. Ltd is set to launch a dedicated shipping route service between Chennai‐Yangon‐Chennai. This new route will help businesses maximize trade potential between yanmar and India. The trade potential between the two countries is expected to double M

to INR 111.6 bn by 2015. Gati Ship Pvt. Ltd, a 100% subsidiary of Gati Ltd., provides a one stop logistics solutions for all sea bound cargo shipments. This company is the only licensed operator which makes several voyages every month between India and Myanmar via Port Blair. Moreover, it is the only direct service operator on the East Coast of India – Myanmar route. In order to give further boost to the trade between the two countries, Kaladan Multimodal Transit Transport Project has been proposed. This project is expected to ake a direct trade corridor between a port in Myanmar and Indian ports on the eastern oast which will then pass through riverine transport and lastly by road to Mizoram. mc Indian Railways is launching the Mumbai elevated rail corridor project Indian Railways is planning to launch a new air‐conditioned suburban train service in Mumbai. The project will involve cost of around INR 200 bn. The technical feasibility tudy for this Mumbai elevated rail corridor project has already been conducted and sconcessionaire shall be finalized by March 15, 2013. The new 63.27 km elevated rail corridor links Oval Maidan, South Mumbai, and Virar in the northern most railway station of Mumbai Suburban Railway. This corridor will have two‐track corridor along the existing Churchgate‐Virar section, which is operated by the Western Railway (WR) Zone of Indian Railways. Out of the 62.27 km corridor, 42.72 km route will be on elevated track, 8.04 km will be underground and the remaining 12.52 at ground level. It will have with 26 stations, designed for trains running at speed of 100 mph. This service is expected to boost capacity on the over‐exhausted western suburban ailway service. kr Chennai Port Mega Terminal Project is set to start soon Chennai Port Mega Terminal Project is expected to start shortly. The first ship would be anchored in three years at the new terminal. About INR 40 bn of investment is required or this project. This would double the container handling capacity from the current 3.1 f


mt per year. The project is expected to be completed by Jan 2020. With the establishment of a mega container terminal with a capacity to handle 4 mn tonnes of cargo, Chennai Port aims to regain its leading position in container traffic. It

would be capable of handling ultra large container ships of capacity over 15,000 TEUs and length of 400 m. The project was being planned on BOT basis where the BOT operator would invest on berth and breakwater construction, reclamation of backup area, handling equipment and other landside infrastructure. The rated capacity will be 4 mn TEUs. Noida Extension projects gets approval The Greater Noida's Master Plan‐2021 has been approved by the NCR Planning Board on 25th Aug, 2012. This approval clears the way for resumption of construction in hundreds

e x Both of housing projects in th city, including the Noida 'E tension' area. the buyers and the real estate developers are now in relief after this approval. This action will lead to a major boost in economic activity in the region. NCR will be directly benefitted on its construction business. Employment opportunities will increase from the recommencement of construction work. However, the approval is subject to incorporation of certain conditions in the final master plan. These include provision for regional rapid rail transport line, expressways and a mass transit system, besides aintaining a mandatory green cover and providing housing for economically weaker ections. ms Shipping ministry to call for a rebid on JNPT container terminal Project Government of India is looking for a final response from Singapore’s PSA International Pte Ltd and ABG Ports Pvt Ltd. The consortium formed by the two companies had won a contract to build a new container terminal at Jawaharlal Nehru port near Mumbai. The inner however is dithering on signing the concession agreement for the INR 80 bn w

project. The shipping ministry will decide on rebidding out the project on the basis of their response. The JN Port Trust (JNPT) will get huge fund if PSA leads the project. Reason behind the delay in the project could be unfavorable economic condition and rising cost f the project. In addition competition from neighboring ports coupled with the high evenue share offered to win the bid might have been an unwise decision. or Allotment of developed land to JNPT affected people The Union Government has declared to allot 12.5% of the developed land to the Project‐affected Persons (PAPs) of the Jawaharlal Nehru Port Trust (JNPT). The Centre would provide 11 hectares of land to the City and Industrial Development Corporation for allotment to PAPs. While the Centre will bear the cost of providing adequate nfrastructure to landowners, the state government will implement the development iplan. Around 3,000 workers of JNPT had supported a total bandh by going on strike to secure their demand. The PAPs wanted developed land in lieu of their ancestral plots acquired by the union shipping ministry for developing the port.


TCI to fight slowdown with new services Transport Corporation of India (TCI), a leading logistics company is strategizing its operations in order to endure the dampening effect in the logistics sector. The budget is ne of the major reasons behind this slowdown. The company expects to grow its sales oand net profit by about 10‐15% in FY2012‐13. TCI has slowed down our business growth in certain businesses, like freight, which are actually quite dependent on credit. As many companies were delaying their payments due to the tightening economic situation the company strategically planned to do less business instead of doing business that doesn’t guarantee returns. Further, it made some changes in their business model. It is looking at over‐dimensional cargo or rail cargo in the freight business. Gradually, it has started adding new services in order to add to future revenue streams. TCI has a budget of about INR 1.5 bn from the Board. Of this amount, about INR 400 mn is for purchase of trucks, INR 700 mn to build new hub enters and warehouses, INR 250 mn for buying vessels and other miscellaneous IT ystems, among others. cs News Update

Regulatory India to jointly set up auto parts SEZ in Sri Lanka India has decided to help Sri Lanka for setting up an Engineering and Automobile components Special Economic Zone. It will be located near Trincomalee, which lies in the Eastern coast of Sri Lanka. It will also feature a skill training institute. This will encourage he Indian component makers to focus on exports. Besides, they are also looking towards tjointly establishing a pharmaceutical manufacturing hub in Sri Lanka. joint task force has been working on how to develop the two SEZs, which will be ubmitting its report within 90 days. As Indian Government standards to enhance fuel efficiency by 20% Government of India will soon implement new regulations making it mandatory for car makers to enhance per kilometer mileage by ~20% in the coming eight years. Cars need to be rated depending on their fuel efficiency from next year. Five star labeling will be acquired by the most fuel efficient car in a particular weight category, while the lowest will have one star rating. Cars which do not fall between one to five ratings need to be hased out. Car makers failing to adhere to the new fuel economy rules will be penalized p


depending on the variation from the standard. Government aims to raise the average fuel mileage to18.1 kms/litre by 2015 and 20.79 kms/litre by 2020 from the current 16.6 kms/litre. The implementation of this regulation

can lead to 8‐10% rise in car prices, extra cost incurred by the car purchasers could be ecovered in three years and saving three metric tonnes of fuel by 2015. However, this an also result in decline in car sales. rc News Update

Expansion Plans Piaggio to strengthen its presence in India Italy based two‐wheeler manufacturer Piaggio has plans of rolling out its mass market scooter by the end of 2013. It has started working on developing this new product with ts own technology. It will be available under a new brand for the mass market segment iand not under Vespa, which represents the high‐end segment. Besides, Piaggio Vehicles Private Ltd (India) is investing INR 1.5 bn for capacity expansion at its Baramati plant in Maharashtra. At present, the plant is producing nearly 10,000‐12,000 units per month with an annual installed capacity of 0.15 mn units. ompany is planning to double the plant’s capacity by the Q4 of 2013. Hence, it is Cexpected to produce at least 20,000 units per month by 2014. The scooter segment in India is expected to grow at a CAGR of 18‐20% in the next five years. Scooter sales have recorded a growth of 24.55% to 2.56 mn units in 2011‐12. Piaggio is also looking towards expanding its sales network with 100 dealerships by the nd of 2012, increasing its presence to almost 75‐85% in the Indian market. Currently, it as 48 dealerships across 35 cities in the country. eh MyTVS ties up with Rajgarhia Group to set up four outlets in West Bengal MyTVS has made its entry into eastern India through its strategic alliance with Rajgarhia roup. MyTVS is a flagship brand of TVS Automobile Solutions. It has plans of setting up Gfour showrooms in West Bengal by the end of 2012. MyTVS has already launched its first multi‐brand car service outlet at Taratala in Kolkata through TVS Rajgarhia Automobile Solutions, which is a floating JV between South India based TVS Automobile Solutions and Rajgarhia Group. MyTVS aims to offer valuable ervice solutions along with car servicing via tie‐ups with OEMs and vendors. It has rolled sout a promotional package for car servicing priced at INR 299. By 2015, MyTVS has plans of increasing its own and service franchise outlets to 100 and 00 respectively from its existing 30 outlets and 49 franchisee outlets in Tamil Nadu, erala, Andhra Pradesh and Karnataka.

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Mercedes to produce 30,000 cars by 201516 in India Mercedes Benz has plans of expanding its annual production capacity by three times in

t a iIndia, reaching 30,000 units by 2015‐16. I also h s long term plans of achiev ng 100,000 units by 2020. Currently, it has an annual production capacity of 10,000 cars. Mercedes already manufactures B Class and A Class in India. It has also started the production of its M Class in the country. It will introduce a SUV on A Class platform by 2014‐15. Company believes that luxury car market in India is expected to reach 400,000‐500,000 units by 2020 and it will be divided among 4‐5 major players with a required capacity of 00,000 each. Hence, Mercedes is ramping up its production capacity to benefit from the rowth in the Indian luxury car market. 1g Yamaha to expand in India Japan based Yamaha Motor’s India unit has plans of setting up 2,000 dealerships by 2018, from the current 400 dealerships. The network expansion will focus on Tier 2 and 3 cities. It is also coordinated with its expected product launches in the coming years, including the launch of a gearless scooter ‘Ray’ at the end of this year. This scooter will nly sell in the Indian market. Besides, Yamaha has plans of launching several new oproducts in mass volume motorcycles segment by 2016. Yamaha has a target of selling 1 mn units by 2014 which is highly dependent on the growth in the scooter segment. It has been growing at a faster rate than the motorcycle egment. Southern and Western region have been identified as the best markets for sscooters. Company is planning to add another 40‐50 dealerships in the West. Company is setting up its third manufacturing plant in Chennai with a total investment of INR 15 bn over a period of 5 years. Once the factory is operational, exports will be one of the key revenue generators owing to its proximity to ports. It is also investing INR 7.5 bn for capacity expansion at its existing facilities in Noida and Faridabad, product development and network expansion. There will be a R&D centre dedicated for the evelopment of low‐cost products in the future. In the sports bike segment, company is ooking towards the feasibility of a bike above 250 cc category. dl Maruti to produce 700,000 diesel engines by 2014 Maruti Suzuki India Ltd. has plans of expanding the production capacity of its diesel engines to 700,000 units by 2014. Maruti is the largest car maker in India in terms of sales. Currently, it has an annual capacity to produce 300,000 diesel engines. It gets additional 100,000 from Fiat S.p.A. Company has invested INR17 bn to develop a diesel ngine manufacturing facility which is scheduled to be in operation by 2013. The new e


facility is expected to produce 150,000 diesel engines in 2013 and 300,000 in 2014. Demand for diesel run vehicles has surpassed that for the petrol cars owing to the existing price gap between gasoline and diesel. For example, diesel is priced at INR 41.32 per liter while price of gasoline is much higher at INR 68.46 per liter in New Delhi. Maruti

expects sales of its diesel‐run cars to increase by 10% and sales of its petrol‐run cars to decline by 6% during FY13. Volkswagen plans a new compact SUV Volkswagen has announced its plans of rolling out a new compact Sports Utility Vehicle (SUV) in the Indian auto market, based on the Polo hatchback. The German car maker was acking in this segment. However, it has decided to introduce a compact SUV to capitalize lupon the growing demand in this segment. Volkswagen will build the new compact SUV on its MQB (Modular Transverse Matrix) platform. Owing to MQB’s high adaptability, company has decided to incorporate this technology across all its models in different segments. The new model will be available in wo‐wheel drive and all‐wheel drive (AWD) chassis, coupled with the sophisticated tdouble clutch DSG (Direct Shift Gearbox). As the Indian market is already dominated by some reputed and capable models, the Volkswagen’s compact SUV will be facing serious competition from existing models, such as, Ford EcoSport and Renault Duster. DP World expands operation with 7.5% growth in container volumes in India, Asia Pacific DP World Ltd. has witnessed 7.5% growth in container volumes at its terminals by the first 6 months of 2012, with its Asia Pacific and Indian subcontinent operations. DP World, the 3rd largest port operator in the world has handled 28.2 mn twenty‐foot equivalent units in 2012 at its more than 60 terminals compared with 26.2 mn TEUs in 2011. During this period, the volume in the Asia Pacific and Indian regions has witnessed he maximum growth accounting 12%. The company has been performing better in the nd half of the earlier years, and is expected to continue its prospective performance. t2 Concor diversifying into private freight terminals & focusing on warehousing Container Corporation of India (Concor), the market leader in container train business is diversifying its operation into private freight terminals. Concor will now focus more on warehousing. Concor plans investment of INR 16.52 bn in 2012, including INR 7.6 bn for and acquisition at important centers and a total of INR 60 bn over 2012‐17. Concor will lstart construction of logistics parks shortly. With the initiation of the goods and services tax regime Concor plans to build up warehousing capacity. The company expects to gain significantly from warehousing and value‐added services that can be provided in warehouses. In addition, Concor has been permitted to develop Private Freight Terminals at two locations which will allow andling of non‐containerized commodities at these terminals. This adds as another ource of revenue stream. hs


DTDC plans global expansion owing to high revenue DTDC Courier & Cargo Ltd, the INR 4.24 bn courier‐turned‐logistics company is on a global expansion spree owing to its high revenue generation. In addition, Reliance ADA roup holds a 40% stake in this Bangalore‐based company which boosts further Ginvestments. The company has added outlets in China and Canada. It has also purchased a 52% stake in Eurostar Express, the courier and logistics arm of Dubai's Eurostar Group. The two investments cost DTDC about INR 665 mn. Further, DTDC is entering into a joint venture in Pakistan and opening its first centre in Yangon, Myanmar. A joint venture with Fast orld Couriers, its partner in Sydney, Australia is expected by the end of Aug 2012 llowing it to add centers in other Australian cities. Wa DHL plans business expansion focusing SMEs in towns DHL, the leading logistics company plans to expand its operation with a focus to capture Indian small and medium enterprises (SMEs) along with life sciences, pharmaceuticals nd healthcare. DHL aims to connect with the SMEs to provide them logistic and courier aservices as they are spreading into tier II and III cities and towns. Further the company has plans to expand business in tier‐II cities such as Jabalpur, Solapur, Satara and Kanpur. By the end of 2012, it will also open 25 new retail centers to take the existing number to 500 and by end of 2015 to 800. News Update Financials Investment plan by ITC in FMCG business ITC has planned to invest INR 250 bn by 2019‐20 on its FMCG and logistics operations. he company which spreads from tobacco‐to‐hotels aims to challenge market leaders Tsuch as Hindustan Unilever and Procter & Gamble. At present ITC is implementing over 40 projects across India, expecting INR 150 bn sales of its non‐cigarette FMCG business in the next 7 years. ITC has further plans to enter the packaged dairy product business, as well developing nutritional products to address specific health conditions, such as heart problems, diabetes and cognition.


Industry Expert Speak Toyota will assemble its Camry in India – Hiroshi Nakagawa, Managing Director, Toyota Kirloskar Motor This is seventh generation of Camry. We will be manufacturing it locally in India so that t can be available easily.” “i Development of Maruti Suzuki's Gujarat plant site – Kamal Dayani , Gujarat Industry Commissioner “This site is also part of a bigger planning. We have a concept of Special Investment Region (SIR). The master plan for development this site is in progress. ow, keeping in view MSI's requirement, we will modify that SIR planning and we will be ble to meet their infrastructure requirements in next 2‐3 years.” Na Gati Ship launching a dedicated service between Chennai-Yangon – Mr. Dhruv Agarwal, Vice President, Gati Ship, “With the opening up of the trade relations between and India and Myanmar and an aggressive bi‐lateral trade projection, we see a lot of business potential on this route. Our xpertise and excellent relations in the Myanmar Shipping industry will be an added dvantage.” ea

Automotive : Transactions (Jun – Aug 2012)

Date Buyer Target Size

(INR mn) % stake Deal Status Type of

Tra n nsactio

9 th Aug2012

Standard Chartered Private

Equity

Craftsman Automation

P rivate Limited850 NA Completed

Private Equity

2 l 4th Ju2012

Polaris Industries Inc.

Eicher Motors Limited

NA 50% Completed JV

1 3th Jul2012

Tube Investments of India Limited

Shanthi Gears 4640 44.12% Completed M&A

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


Transport : Transactions (Jun 2012 – Aug 2012)

Date Buyer Target Deal Size (INR mn) % stake Deal Status

Type of Transaction

2 1st Aug2012 Sikorsky

Tata Advanced Systems Limited (TASL)

N.A. N.A. N.A. JV

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

Automotive : Annual Financial Results – Revenue (INR mn)

Companies FY ‘09 FY ‘10 FY ‘11 FY ‘12

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)

Companies FY ‘09 FY ‘10 FY ‘11 FY ‘12


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


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.


* Change in Financial Year Ending Automotive : Quarterly Financial Results – Revenue (INR mn)

Companies JulSep 2011

OctDec 2011

JanMar 2012

AprJun 2012


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

Ceat Limited N.A. 10,654.4 N.A. 12,249.7

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

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

Indag Rubber Limited 540.7 576 565.5 589.0

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


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

Kesoram Industries Limited 12,683.9 15,529.8 15,483.4 N.A.


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

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

Tata Motors Limited 359,384.7 451,992.9 514,086.1 431,711.3

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

Vamshi Rubber Limited 210.64 201 198.83 N.A.

Automotive : Quarterly Financial Results – Income (INR mn)

Companies JulSep 2011

OctDec 2011

JanMar 2012

AprJun 2012

Apollo Tyres Limited 777.7 980.4 1,569.6 1380.2

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

Ceat Limited N.A. 23.9 N.A. 290.1

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

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

Indag Rubber Limited 52.4 53.1 65 66.5

JK Tyres Limited N.A. ‐213.1 N.A. N.A.

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

Kesoram Industries Limited ‐2,664.2 ‐2,756.4 2,288.3 N.A.


Mahindra & Mahindra Limited 6,819.8 8,318 9,505.6 10,263.6

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

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

Tata Motors Limited 18,773.3 34,055.5 62,340.0 22,449.1

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


Transport : Annual Financial Results – Revenue (INR mn)

Companies FY ‘09 FY ‘10 FY ‘11 F Y ‘12

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. 25,830.80 30,077.70 13,919.30 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 Ltd. 41,239.30 30,755.10 25,850.30 29,342.50

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

Var o. un Shipping C Ltd. 9,146.60 6,852.30 4,946.70 3,149.90

*Change in financial year Transport : Annual Financial Results – Income (INR mn)

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

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 2,345.90


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

*Change in financial year Transport : Quarterly Financial Results – Revenue (INR mn)

Companies AprJun 2011

JulSep 2011

OctDec 2 011

JanMar 2012

ABC India Ltd. N.A. 623.2 623.2 585.1

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

Allcargo Logistics Ltd. 8,540.60 8 ,115.90 9,983.10 42 0 ,711.5

Aqua Logistics Ltd. 1,107.50 921.7 1,630.10 786.4

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. 530.177 575.211 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 1,9 0 63.2 1 ,799.70 1 ,984.20

SKS Logistics Ltd. 61.31 N.A. 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)

Companies AprJun 2011

JulSep 2011

OctDec 2011

JanMar 2012

ABC India Ltd. N.A. 2.4 2.4 6.2

ABG Shipyard Ltd. N.A. N.A. 4 64.70 ‐32.2

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 Ltd. ‐58.6 ‐1, 0 406.0 741 ‐3, 0 558.5

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

Kolkata Auto Expo 2012 Date: 13rd – 16th Sep 2012

Salt Lake, Kolkata, Venue: Yuba Bharati Krirangan, West Bengal, India Organizers: R Creation, Kolkata Phone number: +91‐33‐32025060

Pharma Supply Chain Forum Date: 27th Sep 2012

j Lands End Mumbai,Mumbai s: Kamikaze B2B Media

Venue TaOrganizerWebsite: http://www.biztradeshows.com/supply‐chain‐pharma/


http://www.biztradeshows.com/supply-chain-pharma/



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Research on India_Automotive and Transport Sector in India_August 2012

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