Investments to be decided after getting licence: Dhoot

Chennai, Mar 25 : Videocon GSM mobile services would decide on the quantum of investments to be made for entering the 3G services after getting the licence, group chairman Venugopal N Dhoot said today."We have applied for licenses and are hopeful that we will also get 3G services. But the investments to be made will be decided after we get the license", he told reporters here.He said the company has applied for 3G licenses in all circles, barring Mumbai and Delhi, but was not sure how many they would get.There are a total of 23 circles in the country.Speaking here after launch of the company's GSM services in Tamil Nadu, he said they have invested a total of Rs 14,000 crore for the purpose and had set themselves a target of being among the top three telecom companies by the year 2013.Apart from investments made, the company has also set aside Rs 1,500 crore particularly for Tamil Nadu, he said, but declined to divulge further details.In the next fortnight, they would also roll out services in key cities across Punjab, Haryana, Gujarat, Kerala, Madhya Pradesh and Mumbai, he said.

Sales of 2.9 million vehicles expected in FY2010

Chennai, Mar 25 : Auto major Bajaj expects to close FY 2010 with sales of almost 2.9 million vehicles, which includes exports of nine lakh vehicles.The company had set itself a sales target of four million vehicles for FY 2011, representing a growth of almost 40 per cent, according to a press release here today.This would include exports over 1 million vehicles.For FY 2011, motorcycle sales are targetted at over 3.6 million and commercial vehicles at about four lakh, it said.The Board meeting also approved expansion of total capacity to five million vehicles a year in anticipation of continued growth in the domestic and international markets in FY 2012.Staying with its brand centered strategy focussed on the Boxer, Discover, Pulsar, and RE brands, Bajaj hoped to achieve this sales growth while maintaining its industry leading EBITDA margins, the release added.