In an interview to CNBC-TV18, Deepak Jain, MD of Lumax Industries spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Vikas Gupta, ED of PG Electroplast spoke about the latest happenings in his company and sector.
As Society for Indian Automobile Manufacturers (SIAM) Annual Convention starts today, CNBC-TV18 caught up with the biggest and the best voices from the auto industry. S Sandilya, Chairman of Eicher Motors and Rajan Wadhera CEO of Automotive at Mahindra and Mahindra (M&M) spoke about the key challenges faced by the industry.
CNBC-TV18's Ronojoy Banerjee spoke to Kenichi Ayukawa, CEO of Maruti Suzuki about the new strategy. The CEO said that Maruti has undertaken corporate transformation to upgrade brand.
Maruti Suzuki India has cut prices across several models to pass on the benefits of lower goods and services tax (GST) to consumers. This whole process of ushering in the GST system has proceeded far more smoothly than what either government or people thought it would happen, RC Bhargava, Chairman of the company told CNBC-TV18.
In an interview with CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki India shared his views on the new GST rates on small cars.
The way the market and the economy is growing there is a need for more and more capacity, said RC Bhargava, Chairman, Maruti Suzuki.
Market looks very good from a 5-10 year perspective, said Vikram Kotak of Crest Capital and Investment.
"We do not see any slowing down in fact March will be a month which will probably see very high levels of sale, retail sales will be high", RC Bhargava, Chairman, Maruti Suzuki told CNBC-TV18.
The first unit in Gujarat will start production and sales by next month, said Maruti Suzuki Chairman RC Bhargava.
The H1B issue could be looked at as an opportunity as well, as Indian IT companies' margins improve with the expectation that offshoring increases, says Mahindra from the sidelines of the Vibrant Gujarat Summit 2017.
Speaking on specific companies, Ashwin Patil of LKP Securities believe that Maruti Suzuki will see momentum retune in future with line-up of new models. Maruti saw a 1 percent decline in sales in December.
Expect domestic business to be around 55 percent and international around 45 percent in FY18, said Ajith Rai, CMD, Suprajit Engineering.
Ignis is an urban premium compact targeted at the millennials, said RS Kalsi, ED-Mkting & Sales, Maruti Suzuki India.
Demonetisation may have hit the auto sector with drop in footfalls but companies see this trend short live and demand picking up going forward.
Terming the dip in footfalls and new bookings on account of demonetisation as a â€œtemporay blipâ€, Chairman RC Bhargava said latest reports from its dealerships indicate a reversal in the trend. He added that the company is unlikely to face a demand slowdown in 2017.
Festive season boost and low base effect have helped automobile companies post better-than- expected sales numbers despite concerns demonetisation will have a negative impact says Pranoy Kurian of IDBI Capital Markets & Securities.
Prayesh Jain of IIFL sees no major demand revival in Ashok Leyland'd products. On Maruti's weak sales numbers for October, Jain says it may be due to the high number of festive holidays in the month.
Ramesh Damani‘s popular Wizards of Dalal Street is back, and this time Damani interviewed Rahul Rathi, MD & Chairman of Purnartha Investment Advisors. Rathi spoke about his two styles of investing: Invest in a business, and the other strategy is to invest in the businessman.
Speaking to CNBC-TV18, RS Kalsi, ED - Marketing & Sales of Maruti Suzuki says that demand for both Brezza and Baleno has been more than the company‘s estimates.
There should not be any abrupt changes in policies, government should give long term policies, RS Kalsi, ED of marketing and sales at Maruti Suzuki said.
The company has never been concerned about stock price, but more about making good cars and delivering good service to customers, said Maruti Suzuki Chairman RC Bhargava. He added the company may advance commissioning of a second line of manufacturing at its Gujarat plant which started operations in February.
In a relief to automotive industry, the Supreme Court on Friday lifted the ban on registration of diesel cars in the National Capital Region, subject to a 1 percent cess paid at the time of registration.
In an interview RS Kalsi told CNBC-TV18 that Maruti plans to launch two new models by the end of this fiscal through its NEXA showrooms and expects this festive season to be better than last year.