Pravin Shah Chief Executive - Automative Division, Mahindra and Mahindra says the company is not dissatisfied with its performance in FY15, given that it was a tough year. The company today reported a 12.44 percent decline in total sales at 45,212 units in March.
Speaking to CNBC-TV18's Farah Bookwalah Vohra, Shah says the company will be looking at petrol variants in the upcoming quarters.
Furthermore, he says the company will focus on African and South American markets apart from the geographies it already exists in.
Below is the verbatim transcript of the interview to CNBC-TV18.
Q: Your views on the company's performance in FY15.
A: FY15 was an year of disappointment so far as our overall volume performance is concerned. We are not overall dissatisfied if you look at our financial performance.
Q: What are your plans as far as the petrol variant of new launches go. This is a question that has been asked over and over again but it is an important question given that the arbitrage is coming down considerably?
A: We do recognise that. As a part of the product development process we have had plans for the all new three petrol engines and going forward when we have the new products you will see petrol as an option.
Q: Export seems to be the silver lining as far as your performance goes. What new geographies are you likely to tap in FY16?
A: I think the markets where we currently exist apart from India's neighbours-Sri Lanka, Nepal, Bangladesh, Bhutan. We are going to concentrate in the markets of Africa which we see is going to be a growth engine and some of the markets in South and Central America are our focus markets.
Discover 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!
