Ashok Leyland's first quarter net profit fell 30% from a year ago to Rs 86.25 crore. K Sridharan, chief financial officer of Ashok Leyland said, the company is targeting at 27% market share for FY12.
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.
At a time when the auto sales are seen to be decelerating, K Sridharan CFO of Ashok Leyland says that RBI's move may lead to the tipping point for the auto sales figures.
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.