1. In the middle of last year, we gave up our Dealership of Escort Tractors and switched to new Holland Brand. The market perception of these tractors is that they are low on maintenance, have good aesthetic and low fuel consumption. These Tractors are new to the area allotted to us (as mentioned in Para 2 "Operations" of the Directors Report). We are trying to create a market for these tractors by having extensive road shows, customer and mechanic meets and participating in Tractor fairs. We hope that within the coming year, the sale of Tractors will give us increased turnover and profitability.
At this point in time, the general perception is that the economy will show an upswing, which helps all our other businesses would, also show better sales and profits.
Efforts are also on to improve efficiency in our operations.
Better Financial Results to enhance the sales depends on the normal monsoon season.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.