Archive for June, 2003
Ralf Schumacher’s Maiden Win Of The Season
Ralf Schumacher’s maiden win of the season
NUERBERGRING
June 29.
Ralf Schumacher led a Williams-BMW 1-2 finish in the European Grand Prix on Sunday ahead of Juan Pablo Montoya.
The Williams team profited from engine troubles of pole position holder Kimi Raikkonen, who withdrew from first position halfway through the race, and Ralf’s brother Michael getting bumped off the track by Montoya in the 43rd lap.
Ferrari’s Michael Schumacher became the first Formula One driver to score more than 1,000 championship points. He now has 1,003 in 188 starts. Former French great Alain Prost is second in all-time standings with 768.5 points in 200 starts.
It was the first win for Ralf Schumacher this year and fifth of his career. He started from third on the grid and beat Montoya by 16.9 seconds.
Ralf’s last win was the Malaysian Grand Prix in March 2002. He was one of two non-Ferrari winners last year in 17 races.
Third in the 60-lap race at the 5.148-kilometre (3.199-mile) circuit in the German Eifel mountains was Ferrari’s Rubens Barrichello, 39.6 seconds behind.
Fernando Alonso of Renault took fourth, edging Michael Schumacher in the final straightaway. After his collision with Montoya, Schumacher was pused back on the track out of the gravel by marshal and even a fan. The incident was under investigation by race organisers.
Michael Schumacher still leads the drivers’ standings, taking advantage of Raikkonen’s drop out.
At the start, Raikkonen had the inside while Michael Schumacher started beside him.
Raikkonen held on to his lead in the race to the tight first corner, but Ralf went ahead of his brother, taking advantage of the cleaner side of the track.
Raikkonen quickly began to move away from the Schumachers as Michael looked for a chance to pass his brother.
At the end of 10 laps Raikkonen had a 6.4-second margin with the Schumachers grouped within a second of each other ahead of Barrichello.
Raikkonen extended the margin to more than eight seconds when he pitted along with Michael Schumacher at the end of the 16th lap, briefly giving the lead to Ralf Schumacher.
— AP
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Toyota To Hike Qualis Price Next Month
TVS Electronics Aims Rs 60 Cr From Exports — To Forge Marketing Tie-Ups In US, Europe
TVS Electronics aims Rs 60 cr from exports — To forge marketing tie-ups in US, Europe
Ambar Singh Roy
KOLKATA, May 31
TVS Electronics Ltd, part of the Rs 7,000-crore TVS group, is set to expand its footprints in the global market place.
The company, which already exports its products to the US and Europe, has firmed up plans to market products under its own brand in the US, Europe and China. Towards this end, it will soon forge marketing tie-ups in these countries.
Stating this during an interface with Business Line, Mr S. Sreenivasa Rao, Director of TVS Electronics Ltd, said the company’s initiative in this regard was expected to translate into export earnings of Rs 60 crore during the 12-months ending December 31, 2003.
In the year ended December 31, 2002, TVS Electronics’ export earnings stood at Rs 35 crore. Overall, the company has targeted a turnover of Rs 260 crore in 2003, up from Rs 210 crore recorded during the 12 months ended December 31, 2002.
The company, which is in the business of computer peripherals, dot matrix printers, power conditioning equipment, outsourced procurement services and technology maintenance services, has launched a new printer called the TVS Proton last year. A point of sale retail automation product called the TVS Sprint has also been launched. This year, the company proposes to launch more variants of the TVS Proton and more verticals of the TVS Sprint.
Mr Rao said the company enjoyed a 40 per cent share of the domestic market for printers, 52 per cent share for keyboards and a 10 per cent share for uninterrupted power supply (UPS) systems. The focus in the days ahead would be on “designing products for the Indian customer”.
Over the next one year, five per cent of the targeted turnover would be spent on brand promotion and marketing initiatives. A sum of Rs 20 crore has been earmarked for augmenting the capacity of the company’s manufacturing facilities at Chennai and Tumkur, he said.
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