The company is still working out the details for a foray into the non-vehicle defence business, says Nitin Seth, President-LCV & Defence, Ashok Leyland.
Gopal Mahadevan, CFO of Ashok Leyland, says the company is doing well in the bus segment and the 54 percent volumes growth is equally spread between trucks and buses.
Ashok Leyland's MD and Siam president Vinod Dasari says the National Calamity Contingent Duty (NCCD) has to go and only alcohol and tobacco industries pay this duty
At the meet, Vinod Dasari, President of SIAM, also relayed his thoughts on the recent ban on registration of 2000cc+ cars in New Delhi, pointing out that less than 20 percent of pollution actually comes from auto emission in the city and he wishes the myth that cars are polluting India is dispelled.
Speaking to CNBC-TV18, Vinod Dasari, MD of Ashok Leyland said the automobile company is growing faster than the industry in light commercial vehicle and M&HCV.
Welcoming the rate cut by HDFC Bank, Ramesh Iyer, MD, Mahindra & Mahindra Financial Services says he hopes others in the system follow the lead that will help companies with sizeable borrowing in their books.
In an exclusive interview to CNBC-TV18, Vinod Dasari, managing director, Ashok Leyland, says the company is confident of maintaining its market share and will not chase the same by playing the discounting game.
Speaking to CNBC-TV18, Vinod Dasari, MD, Ashok Leyland says the company will maintain its capex at around Rs 200 crore for the next three fiscals.
Fiscal year 2015-16 will be the first of a three-four year automotive upcycle, Axis Capital, auto analyst Ashish Nigam told CNBC-TV18 in an interview. The investment bank is holding an auto conference where 13 companies from the sector are participating.
Vinod Dasari, managing director, Ashok Leyland says the CV market is up only 10 percent but expects it to ramp up to 20 percent in the next couple of years.
The total industry volume growth for the commercial vehicle (CV) industry in fiscal year 2014-15 will be better than the 10 percent that was expected earlier, believes Gopal Mahadevan, President –Finance and CFO, Ashok Leyland.
The capacity utilisation for the company currently stands at 57 percent, which is likely to go up to 58-59% for the year, says John Flintham, senior MD & CEO, Amtek Auto.
Speaking to CNBC-TV18's Siam president Vikram Kirloskar said the two-wheeler space has improved tremendously and so have exports. "The auto sales are a mixed bag, while commercial vehicles continue to slow down," he said.
Executive vice chairman R Seshasayee, Ashok Leyland equals India's current mood to being in a twilight zone. He says the country's economics is held back by politics which is confusing and murky.
Overall exports for Ashok Leyland have historically been between 10 percent and 15 percent. But this year since the domestic market has fallen so drastically, the percentage of sales in exports will be higher may be closer to 20 percent.
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.
Siddharth Lal, MD & CEO, Eicher Motors told CNBC-TV18 that The heavy duty vehicle is certainly an enormous focus in our new range and we expect it to take over around10-15 percent market share.
Nissan is planning to unveil Datsun‘s hatchback model ‘Go‘ by early next year. Reviving the brand after three decades, Carlso Ghosn claims it is bigger and wider than its nearest competitor the Maruti Alto.
Nissan chairman and CEO Carlos Ghosn says, in an interview to CNBC-TV18, that the company will launch an ultra low-cost model after introducing more cars under the Datsun brand.
Vinod Dasari, managing director, Ashok Leyland is hopeful of the auto sector revival. In an interview to CNBC-TV18, Dasari says the company has stopped giving any discount as it cannot afford it in the current economic conditions.
Credit rating agency CRISIL expects loans to Indian truck and bus operators show signs of weakness, which will be a first in nearly three years, underlining the scale of the slowdown in country‘s transportation industry as economic growth stutters.
Ater a disastrous 2012, things are not looking up for the commercial vehicle (CV) industry. Vinod Dasari, MD, Ashok Leyland told CNBC-TV18 that the industry will struggle for the next six months.
R Seshasayee, Executive Vice Chairman of Ashok Leyland believes FY13 is a tough year for the commercial vehicle industry. He said that growth is troughing out and expects improvement going forward.
Vinod Dasari, MD of Ashok Leyland believes the commercial vehicle market is indeed quite difficult now. According to him, even the mining industry is not seeing recovery and infrastructure projects have almost come to a halt. All these are impacting the economy and the market as a whole, opined Dasari.
Ashok Leyland expects to outperform the rest of the auto sector this year, but sees growth coming in lower than last year.