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.
"Part of it is that India is becoming more competitive so hopefully the negative impact of our own high cost will not get passed on but we are expecting a few months of consolidation before the overall situation starts to get better," says Sunil Munjal of Hero Motocorp.
P Vijayaraghavan, director at TVS Srichakra says the company registered a growth of around 20 percent in the second quarter over the year-ago period.
Rajiv Bajaj says festive season sales have been good, but not extraordinary. Total sales for October stood at 3.86 lakh units versus 3.99 lakh units m-o-m, with Discover 150cc sales at around 28,000 for the month.
Second largest two-wheeler player Honda sees a massive surge in ownership replacement demand for the two-wheeler segment, in turn indicating a pick up in the economy.
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.
Experts feel the new government has been successful in breaking the decision-making gridlock and rebuilding the sense of confidence.
Speaking to CNBC-TV18's Siam president Vikram Kirloskar said the two-wheeler space has improved tremendously and so have exports. "The auto sales are a mixed bag, while commercial vehicles continue to slow down," he said.
Munjal added that Hero Moto has shown resilient performance in a slowing market and is looking to increase exports to several emerging markets.
Most brokerages have maintained a sell or underweight rating on the stock despite its good financial performance in second quarter FY14.
Hero MotoCorp's USD 25 million stake buy of Eric Buell Racing (EBR) to help the country's largest two-wheeler maker to increase the focus on high-end premium bikes - a segment currently dominated by its Pune-based rival firm Bajaj Auto.
The export slowdown seen in May trade deficit data is quite disappointing. Sentiment in global market is still very subdued, barring North America most major global importing economies continue to remain under stress.
India's second largest two-wheeler maker Bajaj Auto's total sales in April declined 10 percent year-on-year to 3.44 lakh units, as sales remained sluggish in the domestic market and exports also slipped.
Rajiv Bajaj, MD of the company feels the market for auto sector remains quite challenging and expects growth in April-June to be between 0 and -5 percent.
Sunil Munjal, joint MD of Hero Motocorp and Chairman of Hero Corporate Service said he doesn't see any change in excise structure in the upcoming Budget.
Bertrand D'souza, deputy editor, Overdrive, shares his view on how the auto industry will move in 2013. He also talks about players in both the four-wheeler and two-wheeler segment who may ride the year in driver seat.
Rajiv Bajaj, Managing Director of Bajaj Auto told CNBC-TV18 that November sales have met expectations. He informed that Discover and Pulsar contributed 68% to the two-wheeler sales figure.
Rajiv Bajaj, MD of Bajaj Auto said they had anticipated September to be a difficult month. However, the sequential improvement in sales has been led by the success of Bajaj‘s new products.
The country's largest two-wheeler exporter Bajaj Auto announced a strategic alliance with Japanese Kawasaki in an effort to penetrate deeper into new markets.
Joint managing director of HeroMotoCorp Sunil Munjal believes that consumers and manufacturers will be benefitted by RBI‘s 50 basis point cut today.
India's second largest two-wheeler maker Bajaj Auto said sales in February were highest ever, but there are further signs of a slowdown as total growth was just 5% year-on-year at 3,43,777 units.
Auto companies have started releasing their November sales figures. Mahantesh Sabarad, Senior vice president-institutional equity research, Fortune Equity Brokers spoke to CNBC-TV18 about his outlook for the sector now.
Shivam Autotech stock rallied as the company planned to expand capacity.
In a meeting today evening, big shots of Indian industry met with the Finance Minister Pranab Mukherjee to discuss the state of the economy and reforms and crucial policy changes. In an exclusive interview to CNBC-TV18, Sunil Munjal, chairman of Hero Corporate Service said that this meeting was very well timed.
Arvind Kapur, managing director, Rico Auto Industries talks to CNBC-TV18 about the latest happenings in his company and the auto ancillary sector.