Mercedes Benz will export parts, not cars
Pune: Luxury car maker Mercedes Benz India has reportedly decided to focus its export effort on parts rather than completely built cars. The company, which exported components valued at DM40 million last year, has targeted a figure of DM60 million for component exports.
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Murdoch to invest several hundred million dollars
Bangalore: News Corp chairman Rupert Murdoch announced in Bangalore that his group will invest some $200 million in India in the next couple of years, mainly in the information technology sector. The IT investments will focus on building capabilities in education, data, entertainment, and commerce.

The group will strengthen the group’s Star TV and to start channels in at least six other Indian languages, besides the existing English and Hindi ones.
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Chennai distributors lambast Coke
Chennai: Some 50 Coca Cola distributors in Chennai have stopped the company’s work in protest against changes in the company’s market coverage policy. According to the Tamil Nadu Consumer Products Stockists Association, these changes in the past five months have resulted in distributors losing about Rs 2,000 per month.

The crux of the problem is the reduction in distributors’ territories as a result of Coke’s direct distribution arrangements with major department stores, hotels, and other big customers. The distributors now want, among other things, an increase in their commissions to Rs 9 per crate from the current Rs 7 per crate.
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Apollo Tyres to invest Rs 100 cr in Kerala
Thiruvanthapuram: Apollo Tyres plans to invest Rs. 100 crore in its two units in Kerala in 2000-2001. The investment will be used to modernise plant and machinery and to expand capacities.

The capacity of the Perambra unit will be expanded from the existing 118 tonnes per day to 150 tpd. The capacity of the Premier Tyres plant, which Apollo Tyres has acquired, will also be expanded.
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