SP Shukla of Mahindra & Mahindra told CNBC-TV18 that the company is looking to expand its business in aerospace and defence through acquisitions.
Speaking to CNBC-TV18, VS Parthasarathy, Group CFO, M&M says Moody's 'Baa3' rating signifies the company's leadership position.
Pravin Shah, President and CEO, Automotive, M&M is positive that with rate cut and new launches, demand will rise in the festive season.
Mahindra and Mahindra Group CFO and CIO VS Parthasarathy says India is on the right track on ease of doing business and says things are slowly improving.
The company, after a gap of 12 months, launched its compact mini SUV TUV300 on Thursday.
Pawan Goenka, Executive Director, Mahindra and Mahindra (M&M) talks about the company's growth outlook and says with diesel being unduly highlighted, M&M is planning to introduce petrol option for all its cars in the next 5 years.
In an interview to CNBC-TV18, M&M's Pawan Goenka says the new vehicle has been inspired by the strength of a battle tank as it is on the toughest product.
Jeeto has been launched in eight variants priced between Rs 2.32 to 2.7 lakh..
Mahindra & Mahindra today reported a 12.44 percent decline in total sales at 45,212 units in March.
Adi Godrej, chairman, Godrej Industries is confident that the constitutional amendment to goods and services tax (GST) will be passed in this Budget session. He expects FY16 GDP to be around 8.4-8.5 percent.
NK Minda, chairman, Minda Industries says the joint venture is worth Rs 300 crore and the operations for the same will begin in April 2016.
In an interview to CNBC-TV18‘s Alexander Mathew, Pawan Goenka, ED & President - Automotive & Farm Equipment Sectors, M&M, said the company is working on a brand new platform called Dhruv, which will be launched sometime towards the end of next year.
The deal, that reports suggest is worth Rs 3000 crore, is said to happen in three steps that will later lead to an open offer.
M&M's one source strategy gives an opportunity to leverage all other product lines of Mahindra, said Deepak Jain of Lumax Industries.
CNBC-TV18's Farah Bookwala Vhora, who was in Chennai at the company's R&D centre, caught up with Dr Pawan Goenka to find out more about the new M&M product.
M&M‘s tractors market share stands at 41.5 percent, up 0.6 percent on a year-on-year (YoY) basis. It expects Tamil Nadu market to revive in June-July.
Mahindra Ugine, Mahindra Forgings and Mahindra CIE will be merged into one entity,Hemant Luthra, President, Mahindra Systech said.
In personal category, M&M has taken a price reduction from Rs 13,000 to Rs 49,000 and for Rexton it has been Rs 92,000
An excise duty cut for SUVs could likely reduce the prices of SUVs by around Rs 40,000, Pawan Goenka of M&M said.
The Mahindra Group's tractor arm reported a 15 percent growth in sales at 20,109 units in January, driven by a robust Kharif crop and an expected good rabi crop.
On the road ahead, Bharatendu Kapoor, senior vice president- Sales, Farm Division, Mahindra & Mahindra, says a rise in raw material cost has led to a Rs 4000 hike in prices since January and the company is seeing some signs of revival in Karnataka.
In an interview with CNBC-TV18, Vikram Kirloskar, President of Society of Indian Automobile Manufacturers (SIAM) and Vice Chairman, Toyota Kirloskar Motor Ltd (TKML), spoke about the state of the auto industry and what it will take to kick-start growth.
Pravin Shah, Chief Executive-Automotive Division, M&M, says the price increase varies from 0.5-2 percent.
Additionally, Shethiya expects the tractor segment to show a robust performance in the days to come and says 10-12 percent tractor growth is achievable.
Bhartendu Kapoor of Mahindra & Mahindra expects tractor sales to grow by 12-14 percent in FY14. He is also confident of maintaining the dominant market share.