In an interview to CNBC-TV18, Arnab Banerjee, ED – Operations at Ceat presents his outlook on the company's business going forward.
Government has been considering hiking import duty on rubber and the notification regarding the hike would be issued soon. Reacting to the news Manish Dugar, CFO, Ceat said, “We believe that if the hike is imposed then it will make us uncompetitive in terms manufacturing in the country and hence you will start seeing more of tyre importsâ€
Manish Dugar, CFO, Ceat says that with rubber prices remaining stable over the last 4-to-5 months on a strong demand-supply situation it is difficult to expect any fall in tyre prices. Exports constitute 24 percent of the tyre-manufacturer‘s total revenue and growth in exports continues to improve in markets like Indonesia and Italy.
In an interview to CNBC-TV18, Manish Dugar, chief financial officer, Ceat gives details on the company's performance. He says he is expecting a positive outlook this quarter as well as in the January-February-March.
Anant Goenka, Dy MD, CEAT Ltd expects FY13 to be a much better year with the company’s Halol plant close to full capacity utilization. He is looking at about 25% growth in revenues in FY13.
In an interview with CNBC-TV18, Paras K Chowdhary, managing director of Ceat spoke about the industry and his outlook for the company.
Sanjiv Goenka, the younger son of billionaire industrialist Rama Prasad Goenka, today unveiled a new corporate identity for the companies controlled by him.
PK Chowdhary, MD, Ceat in an interview with CNBC-TV18 said that they have been asking the Finance Ministry for the removal of customs duty on rubber because of shortage of rubber in the country. However, they have not received any confirmation from the authorities about the same.
Arnab Banerjee, ED, Ceat in an interview with CNBC-TV18 said that the company experienced a margin squeeze last year because of significant increase in raw material prices primarily, rubber.
Anant Goenka, Deputy MD of Ceat, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, gave his view on the slippage of natural rubber price and its impact on the tyre manufacturers.