Oct 01, 2013, 01.01 PM | Source: CNBC-TV18
The slowdown in the economy, proved by the GDP for Q1FY14 coming in lower than estimated, has impacted consumer spending, thereby hitting auto sales directly.
“ Auto industry especially the heavy commercial vehicle industry always goes down every four years, it is always like a V or an U but this time it is just there, it never seems to go away. ”
- Vinod Dasari (MD )
“I don’t know the previous facts, or how bad it was earlier, but it is one of the worst (slowdown) that I have seen. Not worse from the fact that there is sudden decline, but the fact that it is lasting this long. Auto industry especially the heavy commercial vehicle industry always goes down every four years, it is always like a V or an U but this time it is just there, it never seems to go away,” says Vinod K Dasari, managing director, Ashok Leyland .
But not all hope is lost yet!
While most would assume that auto makers are now apprehensive of launching new products, the top brass is happily contradicting the myth.
“There are always things to be hopeful about because they are in the automobile business, this is a passionate business and things like this don't deter us. These actually energise us to think about new products, new initiatives to take to the market," says Karl Slym, managing director, Tata Motors who is now pinning hopes on new launches.
Adding to this optimism is Dasari who is aiming at empowering customers to be more profitable through their better technology and efficient products.
“In a way you should look at this as a blessing in disguise. Over the years if economies are going good, everybody’s main focus is only how do I produce more, how do I sell more. Firstly, even though the market is down, we cannot do anything about it, at best we can protect our market share. So the market share is protected,” explains Dasari who plans on launching one new product every month.
Tata Motors stock price
On February 12, 2016, Tata Motors closed at Rs 298.65, up Rs 23.00, or 8.34 percent. The 52-week high of the share was Rs 594.13 and the 52-week low was Rs 266.00.
The latest book value of the company is Rs 78.55 per share. At current value, the price-to-book value of the company was 3.80.
Buy Tata Motors, advises SP Tulsian
SP Tulsian of sptulsian.com recommends buying Tata
Buy Tata Motors, Infosys, YES Bank: Rajat Bose
Rajat Bose of rajatkbose.com recommends buying Tat
Ditch roses, buy largecaps below Rs 500/sh this Valentine's Day
On Thursday, Rs 3 lakh crore was wiped out from ma
Buy Tata Motors on dips, says Deven Choksey
Deven Choksey of KRChoksey Invest Managers recomme
Buy SBI, target Rs 174; Tata Motors looks weak: Rajat Bose
Rajat Bose of rajatkbose.com recommends buying Sta
Tata Motors Q3 net down 2% at Rs 3,507.54 cr
The company had posted consolidated net profit of
Experts react as retail inflation hits 17-month high in January
India's annual consumer price inflation edged up t
Sonia hits back at Modi for blaming Cong for Par'l disruption
Sonia was addressing office-bearers of 11 front or