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M&M and Honda also reported the highest improvement in ROCE, attributed to growth in their sales and margins. However, given a increase in capex requirements, we expect these companies to report lower ROCE in near future.
The Indian passenger vehicle market is expected to reach 2 mn units p.a by 2010...
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M&M and Honda also reported the highest improvement in ROCE, attributed to growth in their sales and margins. However, given a increase in capex requirements, we expect these companies to report lower ROCE in near future.
The Indian passenger vehicle market is expected to reach 2 mn units p.a by 2010...
Essay fragment
General points of the essay
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