M&M will launch two Compact Utility Vehicle platforms and one Commercial vehicle platform next year.
TVS Motor Company expects a growth of over 30 per cent in the overall sales volume during 2014-15 over previous year. With several launches so far during the year and at least two more models in pipeline later this fiscal, the two-wheeler major expects a strong volume growth taking its market share in the scooter segment to 18 per cent from 15 per cent.
Sun Pharmaceuticals Industries Ltd were down by 4.29% on NSE on reports that its Halol manufacturing plant in Gujarat has been subjected to surprise inspection by the American drug regulator United States Food and Drug Administration (USFDA).
Key benchmark indices dropped in volatile trade on concerns foreign investors may slow down their purchases of emerging market stocks if the US Federal Reserve hikes interest rates earlier than expected. The losses for key benchmark indices were small. ONGC, Coal India and NHPC declined in volatile trade after the Cabinet Committee on Economic Affairs on Wednesday, 10 September 2014, approved stake-sale in these three state-run firms. The BSE Mid-Cap index was up 1.14%. The BSE Small-Cap index was up 1.46%. The market breadth indicating the overall health of the market was strong.