The higher excise levy to 12% proposed in the Budget was expected to impact many auto companies, including Ashok Leyland.
Speaking to CNBC-TV18, R Seshasayee, executive vice-chairman of Ashok Leyland feels that it is logical to assume a rollback of concessions on excise duty. He also mentions that it is possible for CV makers to absorb the duty hike. He also talks about, if the monetary conditions are favourable then a duty hike may not impact much.
Despite expectations of a 'seasonally weak' Q3 for the company, Vinod Dasari, managing director of Ashok Leyland said it will get back to the market share of 26% in FY12.
R Seshasayee, Executive Vice Chairman of Ashok Leyland cautions against overreaction to the IIP results as there is still hope left for some growth because we are not heading to the recessionary cycle.
Auto companies have started releasing their November sales figures. Mahantesh Sabarad, Senior vice president-institutional equity research, Fortune Equity Brokers spoke to CNBC-TV18 about his outlook for the sector now.
K Sridharan, chief financial officer of Ashok Leyland, tells CNBC-TV's Udayan Mukherjee and Mitali Mukherjee that the auto industry has already seen a major impact of monetary tightening. Higher interest rates have affected the companies in terms of their net realisation and net retained earnings, out of the freight rates they earn.
Brand India has taken a hit thanks to more and more corruption controversies and scandals that keep cropping up. Shereen Bhan spoke to Ashok Leyland’s Executive VC, R Seshasayee to find out how all of this is impacting corporate India and what do corporate leaders think about the situation.
Ashok Leyland is targeting volume sales of between 1.1-1.2 lakh vehicles for financial year 2011-12. The company's CFO K Sridharan said that total volume sales for the current financial year was likely to be around 94,000 vehicles—1,000 vehicles short of the target that the company had set for itself.
R Seshasayee, MD, Ashok Leyland, in an interview on CNBC-TV18 gave his views on how he read the budget presented by finance minister Pranab Mukherjee for financial year 2011-12. On the fiscal deficit he is not so bullish. “Fiscal deficit targets will be tough to meet,” he says.
In an interview with CNBC-TV18’s Reema Tendulkar and Ekta Batra, SK Sivakumar, CFO of Nelcast spoke about the latest happenings in his company and the road ahead.
Interest rates sensitive sectors have been battered out of shape. In an exclusive interview with CNBC-TV18, K Sridharan, CFO, of Ashok Leyland talks about the auto industry and the company performance.