Maruti Suzuki India Ltd. (MSIL) has reported 4.4 percent drop in domestic car sales for December, the first full month of demonetisation. Exports grew 47.1 percent, making for overall decline in sales by 1 percent on a year-on-year (YoY) basis. Hyundai posted decline, while Toyota Kirloskar Motor (TKM) sales rose 29 percent. Mahindra has also reported 8 percent fall in sales. Renault posted a robust growth. The MSIL stock was trading flat at Rs 5,292 on Monday on the BSE while the Sensex was down 0.23 percent, at 9.25 am after a positive opening. Maruti SuzukiMSIL sold 1,06,414 cars in the domestic market last month, in comparison to 111,333 units sold in December 2015, while exports rose to 11,494 units from 7,816 cars in December 2015.The overall sales stood at 1,17,908 units last month as against 1,19,149 cars sold in December 2015.Mid-size (Ciaz) and utility vehicle (Gypsy, Ertiga, S-Cross and Vitara Brezza) segments remained unaffected by demonetisation, registering growth of 30.6 percent and 75.3 percent, respectively.Other segments — mini, compact and super compact — witnessed drop ranging from 8.6 percent to 29.2 percent during the month, YoY. Models in these segments include Alto, WagonR, Swift, Dzire, Baleno and Ritz.Hyundai MotorThe Indian arm of Korean automaker sold 40,057 units last December, 4.3 percent lower than 41,861 cars sold in December 2015.In calendar year 2016, the company sold 6.63 lakh cars (including exports), 2.9 percent more than calendar year 2015.”2016 has been an Year of Excellence for Hyundai in India achieving various milestones – Celebrating 20 years in India, the roll out of 7 Millionth car in November’16, crossing the 5 lakh domestic sales in CY2016 and the fastest 50,000 unit sales in the month of October,” YK Koo, MD & CEO, Hyundai Motor India said, in a statement.Toyota Kirloskar Motor (TKM)The company’s sales were up 29 percent to 14,093 units on the back of robust volume growth for Innova Crysta and the new Fortuner.Mahindra & MahindraThe Mumbai-based company sold 16,698 passenger vehicles last month, down 8 percent from 18,197 units sold in December 2015. On an overall basis, including tractor and heavy vehicle sales, the cumulative number stood at 36,363 units (including exports), a drop of 4 percent from 37,915 units in December 2015. Exports plunged by 33 percent to 2,053 units. Renault IndiaThe French carmaker’s Indian arm sold 11,244 units last month in comparison to 10,292 units in December 2015, a growth of 9.2 percent. For the calendar year 2016, sales grew 146 percent to 132,235 cars as against 53,847units in 2015.”We plan to launch at least one new product every year, over the next 5 years, beginning with some exciting product innovations starting this year. We will continue to build our network this year as well, with strategic measures to make our cars more accessible to customers across the country,” Sumit Sawhney, Country CEO & Managing Director, Renault India Operations, said in a statement.Other carmakers such as Nissan, Ford, Tata Motors and Honda are yet to report their December numbers.The NSE Nifty was down 40 point at 8,145.Analysts had by and large expected auto companies to post weak numbers for December 2016 in view of the impact of demonetisation. Two-wheeler makers were hit the most, according to them.”The real impact of demonetization on auto sales volumes is expected to be felt in December-16. Post our interaction with various dealers, we expect M&M in the PV space, Hero in 2Ws and Ashok Leyland in CVs to be hit the most. MSIL is relatively well placed on account of its waiting period for Baleno and Brezza,” Motilal Oswal Securities had said in a note earlierNomura had predicted a similar trend. “We expect December wholesales to be impacted by a sharp decline in retail sales due to demonetisation, and inventory de-stocking by OEMs to clear off 2016 model year inventory. Our channel checks indicate that rural retails are impacted more (double-digit decline) compared with the urban segment, due to the liquidity crunch.”
Prime minister Sheikh Hasina inaugurates several development works in Lebukhali of Patuakhali on Thursday. Photo: PIDPrime minister Sheikh Hasina on Thursday inaugurated the newly-set up ‘Sheikh Hasina Cantonment’, aiming to strengthen the defence system in the country’s southern region, reports UNB.The prime minister opened the country’s 31st cantonment on the bank of the Payra River at Lebukhali in Dumki upazila of the southwestern coastal district of Patuakhali in the morning by unveiling its plaque.She also hoisted national standard of 11 headquarters and units, including the adhoc headquarters of 7 infantry division.Ministers, parliament members, the chiefs of the three services, diplomats, former chiefs of army and senior government officials were present on the occasion.The new cantonment has been constructed on about 1,400 acres of land.Sheikh Hasina inaugurated 14 development projects and laid the foundation stones of another scheme of Patuakhali district by unveiling their plaques from the same venue.The projects opened by the prime minister are a 50-bed Diabetic Hospital in Patuakhali, Deuli 10-bed Mother and Child Welfare Centre in Mirjaganjupazila, Sabupura 10-bed Mother and Child Welfare Centre in Baufal upazila, the newly constructed dormitory of the Government Shishu Paribar, Kazi AbulKashem Stadium, Dashmina Upazila Muktijoddha Complex Building, the West.Chakmaia Government Primary School-cum-Cyclone Centre under Kalapara upazila,East Dalbuganj Government Primary School-cum-Cyclone Centre in Kalapara,Hogla Government Primary School-cum-Cyclone Centre, Kalapara UpazilaMuktijoddha Complex, Galachipa Muktijoddha Smriti Complex, Digital PublicityScreen at the Office of the Patuakhali Deputy Commissioner and Shaheed SheikhKamal Smriti Complex Auditorium.She also laid the foundation stone of administrative building extension and hall room of Galachipa Upazila Parishad.
Bangladesh Awami League general secretary Obaidul Quader. File PhotoRuling Bangladesh Awami League (AL) general secretary Obaidul Quader on Friday said the BNP has sensed that they have no scope to go to power normally.That is why they along with their fundamentalist ally are planning to topple the government, he added, reports BSS.“They (BNP) should keep in mind that it is not 2014, it is 2018. The people of the country will give befitting reply to the BNP if they want to create anarchy centering the forthcoming parliamentary polls,” he told newsmen after attending a mass-contact programme of AL in city’s Gabtoli area.Earlier, Quader, also road transport and bridges minister, distributed leaflets in the area on the fifth day of AL’s week-long mass contact programme for showcasing the development works by the government and highlighting acts of terrorism and violence of the BNP and its ally Bangladesh Jamaat-e-Islami.He said the BNP is pursuing dirty politics over the health issue of its chief Khaleda Zia.Quader also said the Bangabandhu Sheikh Mujib Medical University is the right place for the treatment of Khaleda Zia.The court has also given the directive to this end, he said, adding the government is not doing any dirty politics on Khaleda Zia’s health issue.But, Quader said, the leaders of the BNP are indulged in nasty politics on Begum Zia’s treatment.The ruling party general secretary said, “I didn’t tell any party to make unity with us. I said that the left-leaning parties believe in the spirit of the liberation war and they respect father of the nation Bangabandhu Sheikh Mujibur Rahman.”“I urged them to be united. We want unity against fundamentalist evil forces, against the dirty politics and against the enemies of the liberation war.”About the use Electronic Voting Machines (EVMs), Quader said his party wants the EVMs to be used in a limited scale in the upcoming national polls. AL also made a demand for using EVM to the election commission (EC), he added.
Representatives of the Taliban arrive to attend international talks on Afghanistan in Moscow on 9 November. Photo: AFPMoscow on Friday hosted international talks on Afghanistan aimed at kickstarting direct negotiations between Kabul and the Taliban militant group, both of whom sent delegations.Russia hopes “through joint efforts to open a new page in the history of Afghanistan,” Russian foreign minister Sergei Lavrov said as the talks opened at a Moscow hotel on Friday morning.He said that the participation of both Afghan leaders and the Taliban was an “important contribution” aimed at creating “favourable conditions for the start of direct talks.””I am counting on you holding a serious and constructive conversation that will justify the hopes of the Afghan people,” he said before the talks continued behind closed doors.Taliban spokesman Zabiullah Mujahid told AFP that the militant group was sending five representatives.They will not hold “any sort of negotiations” with the delegation of Kabul administration, he said.”This conference is not about holding negotiations with any party whatsoever — rather it is about finding a peaceful solution to the issue of Afghanistan,” he added.This is the first time that a Taliban delegation is taking part in such high-level international meeting, Russian foreign ministry spokeswoman Maria Zakharova said Thursday.The Taliban is banned from operating Russia as it is classified as a “terrorist organisation”.The Afghan delegation is made up of four representatives of the High Peace Council, a government body responsible for reconciliation efforts with the militants, spokesman Sayed Ihsan Taheri said.The Afghan foreign ministry has emphasised that the council does not represent the Afghan government at the meeting, however.Moscow said it had invited representatives from the United States as well as India, Iran, China, Pakistan and five former Soviet republics in Central Asia.Pakistan, which has long been accused of providing support to the Afghan Taliban, would “definitely” attend, foreign ministry spokesman Muhammad Faisal told AFP.The US embassy in Moscow was sending a representative to observe the discussions.The Moscow meeting was initially scheduled to take place in September but was postponed after Kabul insisted that the process should be Afghan-led.The meeting comes at a sensitive time.Newly appointed US peace envoy Zalmay Khalilzad has been trying to convince the Taliban to agree to negotiate an end to the war and there are fears the Russian meeting could derail those efforts.A US government watchdog last week said Kabul’s control of Afghanistan had slipped in recent months as local security forces suffered record casualties while making minimal or no progress against the Taliban.
Clara Harris, a Friendswood dentist who served 15 years in prison for killing her husband, is has been released from prison on Friday.Harris was sentenced to 20 years in prison in 2003 for running over her husband three times with her car; after having discovered her husband, David Harris, at a hotel with his mistress. The act was caught on camera by private investigators Clara Harris hired to follow her husband.Photo via My life of cime blogDavid Lynn HarrisHarris will reportedly wear an ankle bracelet and be under parole supervision until 2023.She was granted parole last year, after being denied in 2013 and 2016. Share