Expect 15% growth in auto sector in FY12: Ashok Leyland

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 his outlook on the auto industry as a whole as well as the company's performance going forward.

"Going forward, in FY12, we should register at least about 15% to 18% growth. I expect the auto industry to grow at about 15% and regaining about at least 100 to 150 basis points in market share," Sridharan says. He says that currently, the higher interest rates would impact the demand negatively. However, the corporate sector suffered much higher increase in rates as compared to the commercial vehicles segment.