It is tough to ascertain when sales will pick up as the demonetisation pain could continue for few more months says S Ravikumar, President - Business Development at Bajaj Auto.
Eric Vas, President of Motorcycle Business at Bajaj Auto, said that post demonetisation there has been a significant decline in the sales of 2-wheelers. It was 50 percent in rural India and 25 percent in urban areas.
Commenting on the sales performance, S Ravikumar, President — business development — at Bajaj Auto said the company saw muted sales during Dussehra but picked up in the run up to Diwali. He expects new launches lined up in November and December to boost volumes and the company is targeting 24 lakh in domestic volumes by FY17-end.
Speaking to CNBC-TV18, Ravi Chawla, MD of Guld Oil said that they have 8-9 percent share in the Bazaar market and the company expect this to increase by 1-2 percent on back of the tie-up in next 2-3 years.
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.
In an interview to CNBC-TV18, S Ravikumar, President-Business Development at Bajaj Auto spoke about their September auto sales numbers.
Speaking to CNBC-TV18 Rajiv Bajaj, MD of Bajaj Auto said industry didn't have a good run last year during Onam. The biggest issue for us is Nigeria, where were doing 40,000 motorocyles a month and now we are down to 15,000.†He said it was hard to predict what might happen.
Export markets have continued to be stressed but Egypt has seen some improvement in demand. Confident of meeting exports target of 16 lakh units in FY17, said S Ravikumar, President-Business Development, Bajaj Auto.
In an interview with CNBC-TV18, S Ravikumar of Bajaj Auto said that the company is growing at double the industry rate in the domestic segment and expects 40 percent growth in motorcycle segment in the second half of this fiscal.
Currently, the company is mainly focusing on building a future for Royal Enfield, says Siddhartha Lal, Managing Director and CEO of Eicher Motors.
Speaking to CNBC-TV18, S Ravikumar of Bajaj Auto said while the industry grew 7 percent in the motorcycle segment, the company's grew 9 percent.
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.
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.
While sales have been improving steadily, June and July will see softer sales in domestic and export markets, says S Ravikumar, President - Business Development, Bajaj Auto.
A sharp fall in exports, led by turmoil in Nigeria, was offset by high growth in domestic markets for the month of April for Bajaj Auto, says S Ravikumar, President, Business Development.
Bajaj Auto has laid out a healthy 300,000 target in unit sales for its three-wheeler segment in fiscal 2017, up from 254,000 it sold in FY2016.
In India, which is one of the fastest growing markets, the company has already done a good job of establishing the KTM brand, said Ravikumar.
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.
S Ravikumar, President-Business Development, Bajaj Auto, says the Egyptian currency devaluation has already been priced in. Twenty percent of three-wheeler and three percent of two-wheeler exports come from Egypt, he says
In an interview with CNBC-TV18, Kevin D'sa, President of Finance at Bajaj auto said that he expects domestic sales to grow to 2 lakh units in March against 1.73 lakh units in February.
S Ravikumar, President Business Development at Bajaj Auto says, factors like simplicity, transparency and consistency in policies are critical in making the economy stand out globally
S Ravikumar, President-Business Development of Bajaj Auto says forex availability in overseas markets caused weakness. However, he is confident of a rebound on back of strong export market.
The Nigerian currency has weakened due to a steep decline in oil exports, and dealers in that country have been struggling to find dollars because of the restrictions placed by the central bank of that country
The action plan is to considerably strengthen our position in the executive segment through launch of new brand in the current quarter, said Eric Vaz, President Motorcycle Business, Bajaj Auto.
Bajaj Auto said it had clocked 2.89 lakh unit sales in December 2015, flat compared to a similar figure in December 2014. The company's two-wheeler sales rose 1 percent to 2.47 lakh while commercial vehicle sales fell 4 percent to 41,221.