Toyota Motor Corporation (ADR) (NYSE:TM) reported on Thursday that it will invest $164 million to lift output capacity by 50% at 2 plants in India at a time its local sales are moving up faster than many rival’s.
Vice chairman of Toyota Kirloskar Motor Pvt Ltd, the auto manufacturer’s local unit, Vikram Kirloskar reported that India has huge potential and they want to ensure that they serve this market in best possible way.
Toyota plans to boost production capacity to 310,000 vehicles per year within 6 months at the 2 plants outside Bangalore.
The Society of Indian Automobile Manufacturers data shows that vehicle sales surged 10% to 865,603 autos between April and July evaluated against the similar period in previous year.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Ford Motor Company (NYSE:F) rose +3.61% to settle at $9.91, Tesla Motors Inc (NASDAQ:TSLA) moved up +2.18% to end at $28.55 while Honda Motor Co Ltd (ADR) (NYSE:HMC) jumped +2.61% to finish on Thursday at $32.23.
Toyota Motor Corporation (ADR) (NYSE:TM) last session volume of 351,683 shares was surprisingly lower than its average volume of 459,153.00 shares. The stock after opening at $79.37 hit high price of $80.37 and then closed at $80.32 by scoring +2.40%.
The liquidity measure in recent quarter results of the company was recorded 1.05 as current ratio and on the other side the debt to equity ratio was -1.12 and long-term debt to equity ratio also remained -0.55. The Company had total cash at hand $38.99 billion and a book value per share as $84.78 in the most recent quarter.
The stock price volatility was 0.94% for a week and 0.80% for a month as well as price volatility’s Average True Range for 14 days was 1.10 and its beta remained 0.73.
ABTL generated revenue of 263.42 billion in the following twelve months and earned $7.31 billion. The Company showed a positive 2.22% in the net profit margin and as well as in its operating margin which remained 3.96%. Company’s annual sales growth for the past five year was -4.95%.
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