In an interview with CNBC-TV18, Vinod Aggarwal, MD & CEO-VECV of Eicher Motors spoke about the latest happenings in his company and sector.
Shivam Autotech is buzzing in trade. The stock is up 118 percent in one year and 43 percent in the last six months. In an interview with CNBC-TV18, Neeraj Munjal, Managing Director of the company discussed about what has got the stock buzzing.
Royal Enfield will launch their new twin cylinder 650cc motorbike in Milan today. This model will be available to consumers from early April 2018 onwards and will be a gradual rollout throughout the year globally.
In an interview to CNBC-TV18, Vinod Aggarwal, MD & CEO-VE Commercial Vehicles, Eicher Motors spoke about the numbers and his outlook going ahead.
As Society for Indian Automobile Manufacturers (SIAM) Annual Convention starts today, CNBC-TV18 caught up with the biggest and the best voices from the auto industry. S Sandilya, Chairman of Eicher Motors and Rajan Wadhera CEO of Automotive at Mahindra and Mahindra (M&M) spoke about the key challenges faced by the industry.
"BS-III inventory is not very high, it is around sub-2,000 or 1,700-1,800. We should be able to export quite a bit out of it maybe more than 50 percent of it and balance we should be able to convert to BS-IV", Vinod Aggarwal, MD & CEO - VECV-Eicher Motors told CNBC-TV18.
The inventory will be at normal levels of three weeks to four weeks post April and won't be impacted because of BS-IV norms, said Vinod Aggarwal of Eicher Motors.
There could be a spurt of pre-buying in January-March before the switch over to BS-IV norms, said Siddhartha Lal of Eicher Motors. But, the new emission norm changes will add more costs to company's vehicles, he said.
VE Commercial Vehicles CEO Vinod Aggarwal is positive of a sales rise in December. Aggarwal‘s optimism stems from transporters getting used to cashless economy through modes such as prepaid cards, e-payments and RFID toll cards. He said going ahead the CV industry will recover from the demonetisation hit.
Vinod Aggarwal, CEO-VE Commercial Vehicles, Eicher Motors says limits on withdrawal is impacting the transportation sector severely and the sector will continue to face hardship unless that is eased.
Macroeconomic conditions across countries are not great and nations need real reforms to spur investor confidence, BCG Chief Executive Richard Lesser told CNBC-TV18. He, however, added that investors across the globe have a lot of confidence that such crucial reforms have started in India.
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.â€ He said it was hard to predict what might happen.
In an interview with CNBC-TV18, Vinod Aggarwal, CEO - VE Commercial Vehicles, Eicher Motors, talked about freight rates and the margin situation for the industry and the company, respectively.
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 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.
Company's overall capacity (bus and trucks) is 5000 per month and it aims to take it to 7000 per month by the year end, says Vinod Aggarwal of Eicher Motors to CNBC-TV18.
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.
The plant already has a capacity of 5,500 trucks per month and by year end, the company plans to increase the target to 7,000, and eventually to 8,000 a month in next 2-3 years, says Vinod Aggarwal, CEO, VE Commercial Vehicles.
Premium two-wheeler maker Royal Enfield today launched the Himalayan, a 410cc leisure motorcycle, that will retail for Rs 1.55 lakh (ex-showroom price).
The growth in the CV segment came in from road construction sector and going forward see a huge growth potential for the heavy duty trucks, said Vinod Aggarwal, CEO -VE Commercial Vehicles, Eicher Motors.
The company plans to increase its capacity in the Pithampur facility from 5500 to 7500 units per month going forward, said Vinod Aggarwal, CEO-VE Commercial Vehicles, Eicher Motors.
After reviving the iconic but struggling Royal Enfield brand in India and taking it to utter domination in the premium cruiser motorcycles segment in India, Siddhartha Lal has set his sights abroad.
Gopal Bansal, Wholetime Director of SML Isuzu says the company is facing problems in getting money for buses supplied under JNNURM scheme.
Speaking to CNBC-TV18, Vinod Aggarwal, Chief Executive Officer- Commercial Vehicles, Eicher Motors, says the additional levy of "environmental compensation" will increase prices of the trucks.
Managing director and chief executive officer Siddhartha Lal says the car has been created keeping in mind the independent businessmen.