Everybody in the NBFC space has seen a decrease in cost of funds and the company per se has shifted their mix more towards debentures, said Vellayan Subbiah, Managing Director, Cholamandalam Investment and Finance.
Speaking to CNBC-TV18, Anil Singhvi, Chairman of Ican Investment Advisors, said that Rs 850 crore coming from the same coffer should be divided equally among the shareholders.
Speaking with CNBC-TV18 Ashok Leyland's CFO Gopal Mahadevan clarified the total investment in the joint ventures was roughly about Rs 500 crore and as a conservative measure Ashok Leyland had booked impairment over the last two financial years.
Ashok Leyland, the second largest commercial vehicle (CV) manufacturer in India, has outpaced the industry with respect to domestic volume growth for the ninth quarter in a row. Company's overall revenues have grown by 10 percent, Gopal Mahadevan, Chief Financial Officer of Ashok Leyland told CNBC-TV18.
The first quarter is too early to judge the company's performance, says Gopal Mahadevan, CFO of Ashok Leyland.
Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial vehicle (CV) sector.
For the company, second half of the year will be exceptional on back of expected pre-buys before the implementation of pollution norms like BSIV and Euro4, says Vinod Dasari, MD of Ashok Leyland.
In an interview with CNBC-TV18, Mihir Jhaveri, Auto Analyst, Religare Capital Markets, gave his take on May auto sales data that came out yesterday.
In an interview with CNBC-TV18, Gopal Mahadevan, CFO of Ashok Leyland, said that the company will not raise any funds in FY17 and will only take enabling resolutions to raise funds.
In an interview with CNBC-TV18, Prabhudas Lilladher Auto Analyst Rohan Korde discussed the March auto sales numbers and discussed his stock picks in the sector.
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.
The company has a strong export pipeline and see exports grow in the fourth quarter, said Gopal Mahadevan CFO, Ashok Leyland.
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.
TT Srinivasaraghavan, MD, Sundaram Finance says the infrastructure story is yet to unfold. Only with an overall pick up in economy will the consumer goods business profit.
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.
If we are successful in retaining our market share which we will strive to do we should be also be able to grow at 10-15 percent, said Vinod Dasari, MD, Ashok Leyland.
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.
Vinod Dasari, MD, Ashok Leyland said that the company might see double-digit margins in Q4 if volumes come back.