Here.. a guy like vijay mallya who ows 7000 crores to d banks...
Celebrates a 3 day long bday party and buys cricket teams in ipl n carribean league. :shy
Here.. a guy like vijay mallya who ows 7000 crores to d banks...
Celebrates a 3 day long bday party and buys cricket teams in ipl n carribean league. :shy
Suppose they gets 1 crore (10 million ) booking for freedom251..(It is very much possible giving the R.s 251 price tag and the response so far because of free promotion they got through media till now)
So they will get around 291 crore INR from above 10 million orders. By investing this 10 million for four months till june 2016 (The duration they asked for delivery) they could get millions of INR as interest only..
For eg: if they invest in bank which provides 3.5% (minimum for savings per quarter) they will get minimum 34 lakh INR as interest with simple interest formula applied. The actual will be much higher using compounding calculation and investing in any other financial instruments.
Assume after 4 months, they will come up with a apology that they cant deliver the order and ready to refund INR 291 per booking and close the deal.
Suppose they gets 1 crore (10 million ) booking for freedom251..(It is very much possible giving the R.s 251 price tag and the response so far because of free promotion they got through media till now)
So they will get around 291 crore INR from above 10 million orders. By investing this 10 million for four months till june 2016 (The duration they asked for delivery) they could get millions of INR as interest only..
For eg: if they invest in bank which provides 3.5% (minimum for savings per quarter) they will get minimum 34 lakh INR as interest with simple interest formula applied. The actual will be much higher using compounding calculation and investing in any other financial instruments.
Assume after 4 months, they will come up with a apology that they cant deliver the order and ready to refund INR 291 per booking and close the deal.