Trade Shares or Stocks in Bursa Malaysia|How to start Trading | Trade Stocks in Bursa Malaysia | How to Open Trading Account | How to Open CDS Account | What is Collateralised Trading | Discretionary Financing | Share Margin Financing | CDS Share Transfer | Securities Borrowing and Lending (SBL) | Regulated Short Selling (RSS) | Brokerage | Internet Trading Brokerage Discount | Cash Upfront Brokerage Discount | Clearing Fees | Contract Stamp Duties | Bursa Malaysia | Composite Index | Bursa News | Listed Companies News | Market News | Market Outlook

Tata reportedly  sold 203,000 Nanos and makes US$512 million from the sales.

More than 203,000 people have bought the ultra-cheap Nano car in India yielding sales of 25 billion rupees ($512.6 million), Tata Motors said.

“Tata Motors places on record its gratitude to the people of India for according such a warm welcome to the Tata Nano,” the company said in a statement Monday night.

The sales are significant in a country where just 1.5 million passenger cars were sold last fiscal year.

Due to production constraints, the Nano was only for sale from April 9 to April 25.

The Nano was meant to herald a revolution in transport for the world’s poor, putting cars within reach of many first-time buyers.

But Tata said only 20 percent of customers opted for the cheapest version of the car, which retails for 100,000 rupees ($2,050) plus tax and transport costs.

Half of the orders were for the most deluxe version of the car, which comes with air conditioning and power windows, and the remaining 30 percent for a mid-range model.

The Tata Nano Web site got an unprecedented 30 million hits between March 23 and April 25, Tata Motors said.

About 1.4 million people went to see the car at Tata stores.

Production constraints complicated the sales process.

Violent farmer protests forced Tata to relocate at the last minute a factory that was to exclusively build Nanos, and the replacement won’t be operational before year’s end.

That means the company will only be able to deliver 100,000 cars from July through the end of 2010.

Tata Motors will randomly select 100,000 people to get the first shipment of Nanos.

It will be nice to consumer if we can get our hand on a USD2,000 car for city travel in Kuala Lumpur.

Related Posts:

• Malaysian invest more overseas
• RAM revised Malaysia GDP down to negative 3.3% for 2009
• Malaysian banks’ Tier-1 capital ratio high
• DELL offerred VSS to 5,000 staff
• Malaysian less affected by structured products losses

We often wonder how to make money from stocks irrespective of bull or bear market.

Stocks speculation is often risky.

Picking up stocks that are under-value or under-appreciated stocks often require much more  information which require much time. As an individual investor whom can’t afford to engage research analyst often have to rely on our wits and sometime rumours, unlike Warren Buffet who has the resources (basically the money) to engage professionals.

Recently someone introduce me to a site that provide the service of smart stock picking.

Stocknod Hot Sheet Stock Pick automate the whole process for you. The Stocknod Neural Network uses a combination of proprietary indicators to identify hot stock picks just days or weeks prior to big surges in growth the stock price.

Visit the site to find out more.

Related Posts:

• No Related Posts

With the world economy in crisis, there is one sector of the “industry” that has so far not yet affected, football or soccer.

The latest news was that AC Milan will retain David Beckham at Milan till end of Serie A session in Jun for an undisclosed sum. Rumours had it that Beckham will pay part of the “arrangement” fees. Beckham will then go back to US till end of October 2009 when he will free to move anywhere.

Related Posts:

• No Related Posts