Motors has significantly brought down the losses for the
quarter ended 30 June 2002 in comparison to the corresponding
period last year.
after providing for depreciation, interest and taxes is
at Rs 86 lakh as compared to Rs 2,577 lakh in the corresponding
period last year. Since there is a depreciation charge
of Rs 1,041 lakh, there is a cash profit of Rs 955 lakh
during the quarter.
company has avoided cash losses for the second successive
quarter. Compared to last year, all the business units
of the company have done better in this year.
of vehicles during the quarter were 5,681 units, compared
to 5,189 units in the corresponding period the previous