Pawan Goenka, President-Automotive & Farm Equipment, Mahindra and Mahindra is excited about the new high-end electric sports car which could be in the offing.
Bharat Doshi, executive director and group chief financial officer, M&M is optimistic on the days ahead. He says the good monsoon seen throughout the country and the upcoming festive season should boost sales.
There is buoyancy in the markets in Maharashta and Karnataka because of Ganpati. Vishwakarma will have an impact on Bihar and central UP and then Navratri, Dassera and Diwali will give a good push to the markets. So the markets overall will do well, says Sanjeev Goyle of M&M.
In an interview to CNBC-TV18, Bhartendu Kapoor, Mahindra & Mahindra gives a positive outlook on his company's tractor sales. He expects them to outperform the industry standards.
Rajesh Jejurikar, chief executive (tractor & farm mechanization), Mahindra and Mahindra says the company‘s tractor business has gained some market share in the last two months.
For sentiments to improve, policy pronouncements need to see an immediate follow through action by the government, says Bharat Doshi of M&M.
Hemant Luthra, president, Mahindra Systech, said the deal will help the two companies grow into new geographies. The product range as well as geographical presence of the two firms will complement each other since CIE is present in Latin America, where Mahindra is not and in India Mahindra has a strong presence, while CIE does not, he said.
Weak sentiments have impacted the company's SUV sales, says Pravin Shah of M&M. He is confident that the sales of XUV will not be impacted by the launch of Ford. He added that the markets of neighbouring countries, which account for 50 percent of the company's exports are going through a difficult time, impacting the company's business.
Mahindra is one of leading players in the field of farming equipment and machinery, including tractors and other agriculture products since 1960.
Mahindra and Mahindra saw a marginal jump of two percent in sales for April‘13. Arun Malhotra, Chief Sales & Customer Care Officer, Automotive Division, M&M says traditionally April always looks slower coming on back of March because March being the last month of the financial year is a peak month in terms of sales.
The decision to stick to the excise duty hike imposed on sports utility vehicles (SUVs) has clearly come as a big disappointment, says Pawan Goenka, president of the automotive and the farm sector businesses of Mahindra & Mahindra
The 3 percent hike in excise duty hike on sports utility vehicles proposed in the Union Budget could hurt UV sales and lead to a possible shift in demand to other passenger vehicle segments, Pawan Goenka, president, automotive and farm equipment sector, Mahindra & Mahindra, said on Friday.
Ajay Shethiya of Centrum Broking estimates, on CNBC-TV18, that growth in auto volumes will moderate on continued weakness across the sector.
In this week's edition of The Forbes India Show on CNBC-TV18, Hiroshi Nakagawa, MD and CEO, Toyota India says that the company will grow in India step-by-step and hopes the Budget will reduce interest rates, taxes and cheer consumer sentiment.
Arun Malhotra, chief sales & customer care officer, automotive division, M&M, says that the company saw 33 percent growth in passenger vehicle segment in January. However, growth has been muted in the commercial segment.
Pawan Goenka, President Automotive Sector of Mahindra & Mahindra (M&M), says that today‘s RBI announcement on repo rate cut and CRR cut was on expected lines. He feels 25 bps rate cut is a good move and if inflation remains under control then one can see another rate cut of 25-50 bps in next four-six months.
There is a cyclical slowdown in the tractor segment and the industry is only likely to sell as much as it sold a year ago, Pawan Goenka, president, automotive and farm equipment sector, Mahindra & Mahindra, said on Wednesday.
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.
After the Union Cabinet cleared the land acquisition bill on Thursday, CNBC-TV18 spoke to Arun Nanda, director of Mahindra & Mahindra for his views on the bill. Nanda expects the cost of land acquisition to go up by 50 percent.
Pravin Shah, chief executive of automotive division at M&M says the sentiments are not good for the industry. "Traditionally, the month of December always is a slow month. It is a challenging month for the industry," he adds.
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.
Vivek Nayer, Senior Vice President, Marketing, Automotive Division at M&M said they are happy to hold numbers in a challenging business environment. Going ahead, the company is cautiously optimistic about the festive season.
Pawan Goenka, president automotive sector of M&M says the demand is reasonably steady.
Arun Malhotra, senior vice-president - sales & customer care, automotive division, M&M, says that the company's domestic sales have grown by 20% and there has been 27% growth in passenger vehicles segment. He also say that in the last four months the company has no shut down or slow production and they are working at full capacity.
Welcoming hike ECR limit, VS Parthasarathy of M&M highlighted the dual impact of this move. "It gives two impacts, it gives liquidity and secondly it has a basis of getting rates reduced for the exporter or it gives a little bit of cushion for the bank to act the way that they want."