Tata Motors launches new Sumo version
New Delhi: Tata Motors has said that it would spend over Rs 800 crore in the current fiscal towards product development and capacity expansion. Tata Motors has also launched a new version of its Sumo vehicle.
The 1.95-litre Sumo Victa model is priced between Rs 4.88 lakh and Rs 5.87 lakh. The new Sumo comes with a new look front grill, headlamps, fog lamps and bumper. There are changes in the interiors as well in the instrument panel and new leather wrapped steering wheel. Tata Motors sold about 28,000 units of the Sumo last year and expects the new version to help boost sales by 15 per cent this year.
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TRAI: 6-month validity for all tariff plans mandatory
New Delhi: The Telecom Regulatory Authority of India has made it mandatory for operators to put a six-month validity period on all tariff plans. This means that if a subscriber takes a tariff plan today, the operator cannot bring about any increase in the tariff package for the next six months. However, operator would be free to reduce the tariff at any point. The subscribers shall be free to choose any other tariff plan, even during the said six months period. The service providers are also mandated to accept and implement all requests for change of plan immediately or from the start of next billing cycle. TRAI has left out promotional schemes from the directive.
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Reliance acquires NIS Sparta
New Delhi: Reliance Industries Ltd has bought out management consultancy firm NIS Sparta for an undisclosed amount. The move comes after Reliance identified synergy with NIS Sparta in view of its own commitment to the retail, telecom, petroleum and other sectors, a press statement said. V.V. Bhatt, Group President (Management Services), Reliance Industries Ltd, will be the new chairman of NIS while Sanjeev Duggal continues as the Chief Executive Officer and Managing Director.

Post acquisition, the Reliance-NIS Academy is being launched with dedicated staff engaged in conjunction with the Reliance line of business. The Academy will establish 110 centres to commence training for Reliance's customer services team. NIS has deployed corporate learning solutions for more than 7.5 lakh professionals in over 550 organisations across five continents in seven languages. The company's client list includes Maruti Udyog, Coca Cola and Microsoft. The company offers solutions in the areas of sales maximisation, customer relationship management, process consultancy and content development.
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Hyundai: January - June growth up 40 per cent
Chennai: Hyundai Motor India Ltd sold 17,889 cars in June, a 39 per cent increase over the 12,843 cars it sold in June 2003.
During June, the company sold 12,195 cars in the domestic market and exports accounted for 5,694 units. It sold 15,456 units of the Santro Xing, 1,602 units of the Accent, 701 units of the Elantra, 83 units of Sonata and 45 units of the Terracan. In June 2003, Santro Xing accounted for 9,672 units. For the January-June period, Hyundai Motor India sold 91,356 units, a 40 per cent growth over the 65,307 units sold in the same period last year.
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Eicher CV sales up 20 pc in Q1
New Delhi: Eicher Motor Ltd has recorded a 20 per cent growth in the sales of its commercial vehicles during the first quarter of the current fiscal with sales of 3,657 vehicles as against 3,059 in the corresponding period last year. Sales during the month of June 2004 at 1,506 vehicles is 12 per cent higher than the sales in June 2003 which was at 1,344 vehicles.
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