Vinod Aggarwal, chief executive officer- commercial vehicles, Eicher Motors, says the company has seen a 25 percent growth in bus business in the first five months of the year.
The company will increase its expansion to 50 countries from summer onwards.
Fiscal year 2015-16 will be the first of a three-four year automotive upcycle, Axis Capital, auto analyst Ashish Nigam told CNBC-TV18 in an interview. The investment bank is holding an auto conference where 13 companies from the sector are participating.
JV Adhia, VP Accounts & Finance, Atul Auto and Basudev Banerjee, AVP-Research, Antique Stock Broking spoke about the outlook on the auto space with Anuj Singhal and Latha Venkatesh on CNBC-TV18.
This 4 percent excise duty will have to be passed on to consumers as most companies do not have this kind of margin to absorb a 4 percent hike, Maruti chairman RC Bhargava says. He is not sure whether this price rise will have a demand impact, but believes it will not have a long-term impact.
Vinod Aggarwal of Eicher Motors is hopeful of seeing a recovery in the light duty truck after six months.
Talking exclusively to CNBC-TV18, Sandilya said that he was hopeful about infrastructure spending increasing in the next 6 months.
Siddhartha Lal, MD & CEO, Eicher Motors sees the mid-sized motorcycle segment growing globally too.
Speaking about the cracker sales, Sunil Munjal, Joint MD of Hero MotoCorp told CNBC-TV18 that the automotive industry saw 16 percent growth in 2-wheelers over the last six months.
Eicher Motors' order book has been growing for its motorcycle segment. The company has over 95 percent market share for above 250cc motorcycle space.
The maker of Royal Enfield brand of bikes is aiming to produce 2.5 lakh motorcycles next year and expects the number to rise to five lakh over 3 years.
Volvo is positioning Eicher as an emerging market brand and pointed out that it has doubled market share in last five years since this JV in 2008, says MD & CEO Siddharth Lal.
Eicher Motors, which produces Royal Enfield bikes aims to be a global provider of premium mid sized motorcycles, Siddhartha Lal, MD & CEO, Eicher Motors told CNBC-TV18.
Siddharth Lal, MD & CEO, Eicher Motors told CNBC-TV18 that The heavy duty vehicle is certainly an enormous focus in our new range and we expect it to take over around10-15 percent market share.
Credit rating agency CRISIL expects loans to Indian truck and bus operators show signs of weakness, which will be a first in nearly three years, underlining the scale of the slowdown in country‘s transportation industry as economic growth stutters.
Volvo global CEO Olof Persson, on his first to visit India, explains to CNBC-TV18 that the company will grow step-by-step to be No.2 in the Indian commercial-vehicle market.
Siddharth Lal, CEO, Eicher Motors Ltd says the hike in excise duty to 12% announced in Budget 2012, along with inflationary pressures and cost of raw materials is likely to lead to a subdued quarter for commercial vehicles.
In an interview with CNBC-TV18, Siddharth Lal, CEO of Eicher Motors said the Finance Minister's proposal for not increasing the excise duty to 12% came as a relief to the industry.