TVS Motor Company, one of India's leading two-wheeler makers, reported a 24% rise in sales during February 2011, to 177,412 units from 142,676 units in the same period last year.
HS Goindi, president marketing of the company told CNBC-TV18 that he expects the auto industry to grow at a rate of 15-18% in 2011-12, despite inflationary pressures settling in. He was positive on the outcome of the budget for the auto sector and said that the industry would not see any price increase from his company. "No increase in the excise duty would help the economy generally and our industry in particular," he added. Below is the verbatim transcript of HS Goindi's interview with Mitali Mukherjee and Udayan Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: Last month the street was a bit disappointed at the number that you put out at 165,000. Between previous month and this month, what has been the turnaround? A: The business is doing well. I really canDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
