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Coconut hair oil now in bigger packs to avoid tax
FMCG companies may re-engineer the packaging of coconut hair oil by increasing the grammage to escape the purview of the Central Board of Excise & Customs" decision to impose eight per cent excise on product packs under 200 ml.

Pyramid Saimira to dilute 40% in all 8 subsidiaries
As part of a restructuring plan, the Chennai-based Pyramid Saimira group, which produces films, has decided to dilute 40 per cent stake in all its eight subsidiary companies. It hopes to raise up to Rs 300 crore by doing so.

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Maruti Suzuki sales surge 42% in August

Car maker Maruti Suzuki India Ltd today reported a 41.56 per cent jump in sales for August at 84,808 units. - Hyundai to phase out Getz by 2011 - Ford to launch small car in 2010 - Mahindra-Nevistar to launch 1st commercial vehicle in Jan"10 - Tata Motors plans to launch an LCV lighter than ACE - Global recession turn car-makers festive - Maruti Suzuki customers most satisfied: JD Power survey In the domestic market, Maruti sold 69,961 units from 54,113 units in August last year, an increase of 29.29 per cent, while exports more than doubled at 14,847 units from 5,795 units in the year-ago period, Maruti Suzuki India (MSI) said in a statement. During the month, the company crossed the 50,000-units mark in cumulative exports this fiscal, with A-Star, which was launched in January this year, being the main export driver, including to countries like Germany, UK and France. Sales of the company"s once bread-and-butter model M800 declined by 26.45 per cent at 2,734 units compared to 3,717 units in August last year, while A2 segment (comprising Alto, Wagon R, Estilo, Swift, A-Star and Ritz)witnessed a growth of 39.31 per cent at 52,473 units compared to 37,667 units in the same month of 2008. A3 segment sales (consisting of SX4 and DZiRE) increased 44.11 per cent to 7,821 units compared to 5,427 units in the corresponding period last year, the company said. MSI"s passenger car sales rose by 30.51 per cent at 69,629 units against 53,351 units in the same month in 2008, the statement said.


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