Arun Malhotra, senior vice-president, sales & customer care, automotive division, M&M says from the industry perspective it will be a challenging year and I am not very positive on the overall market sentiment, in terms of interest rate, hikes, government duties and news of fuel price hike.
Chief executive of Mahindra Defence Systems Khutub Hai tells CNBC-TV18 that they aim to generate USD 50 million from their joint ventures with Telephonics Corp and Rafael Advance Defence Systems.
In an interview to CNBC-TV18, Anand Mahindra, vice-chairman and managing director, Mahindra Group, said, “Retrospective amendments in any form are not good for investments in India.”
Vivek Nayer, senior vice president -marketing, automotive division at M&M spoke to CNBC-TV18 about sales numbers for the company and the expectations of dealers and customers.
Pawan Goenka, president – automotive and farm equipment sector at Mahindra & Mahindra has once again called upon the government to not impose any additional hike in duty on diesel in this year's budget to be presented on March 16.
Speaking to CNBC-TV18, Arun Malhotra, senior vice president-sales & customer care- automotive division at M&M says that the company expects further growth in the utility vehicle segment. “M&M is trying to ramp up production of the latest on the block- the XUV 500,” he says.
Anand Mahindra, vice chairman and managing director of Mahindra & Mahindra is confident that India will never see growth below the 6% mark
On the sidelines of the Delhi Auto Expo, Pawan Goenka, president-automotive sector at M&M told CNBC-TV18 that the months of November and December is traditionally a weak time for tractor sales.
Vivek Nayer, senior vice president- marketing, automotive division, M&M spoke to CNBC-TV18 about the growth outlook of the company post the decent December sales number.
Mahindra and Mahindra (M&M) is one the few companies which has been exuding some optimism about the next year. The overall year has not been as expected for the auto industry, but president of automotive sector, Pawan Goenka said that the tractor industry has done very well.
Monthly auto sales numbers have started trickling in. M&M's November total auto sales came in slightly lower at 40,722 units versus 41,506 units (MoM), but were much better than expectations. Arun Malhotra, Senior Vice President of sales and customer care (Automotive Division) indicated that the auto sales saw a growth of 53% on a yearly basis.
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.
Riding high on a 20.32% jump in its total sales, which stood at 41,506 units in October 2011, auto-maker Mahindra & Mahindra says the numbers are no odd event. In an interview to CNBC-TV18, Vivek Nayer, senior vice president at M&M says the company's 'strong' product pipeline promises a brighter future.
The Mahindra Group started out trading steel before assembling jeeps and commercial vehicles eventually making deep tracks as the country's largest manufacturer of tractors and SUVs.
Petrol prices are hiked by Rs 3.14 per litre. The hike will be effective from midnight. In an interview to CNBC-TV18, Pawan Goenka, president-automotive business of Mahindra and Mahindra (M&M) said, it’s not a good news for the auto industry.
The Land Acquisition Bill was tabled today at the Lok Sabha. Mahindra & Mahindra's Arun Nanda told CNBC-TV18 that the Parliament needs to look at the 80% threshold, 5% for irrigated and the compensation package, depending on the area and whether the acquisition is private or forced.
The Mahindra Group is on the rise. CNBC-TV18's Shereen Bhan caught up with vice chairman and managing director Anand Mahindra who outlined the importance of building partnerships, especially for the retail business.
Speaking to CNBC-TV18, Anand Mahindra acknowledged that the company had made mistakes in the two wheeler and car businesses, but added that they are not giving up.
Uday Phadke of Mahindra & Mahindra and N Sivaraman of Larsen & Toubro talk about the impact it will have on their respective companies while Abizer Diwanji of KPMG gives his perspective on this development.
Vice chairman and managing director of Mahindra & Mahindra, Anand Mahindra is confident that the current turmoil will not be as severe as the crisis in 2008.
The Finance Minister Pranab Mukherjee met top leaders of the Indian industry. In an interview to CNBC-TV18, Anand Mahindra, vice chairman and managing director of Mahindra and Mahindra said, it was a very significant and productive meeting.
Mahindra and Mahindra has declared its July sales numbers. In an interview with CNBC-TV18, Arun Malhotra of M&M Ltd said, it is an all time record for the company. He further said, August is traditionally not a great month for sales. “We are confident that we will outgrow the market,” he added.
Interest rates have gone up significantly and it’s been pinching a lot of the auto companies. However, Chandrasekar K, executive vice president, corporate finance and IR of Mahindra and Mahindra shares that the company is still seeing strong demand and feels it is far away from slowdown.
CNBC-TV18's Senthil Chengalvarayan talks to Pawan Goenka, president of the Auto Motors and Farm Equipments sectors at Mahindra and Mahindra to find out whether slow growth in auto sector is a cause for worry or is it just return normalcy.
BC Iyengar, Executive Director of VST Tillers & Tractors tells CNBC-TV18 that the biggest problem today for agriculturalists is the lack of labour. “Nobody wants to work in farms. That is what is really driving the mechanization of agricultural practices,” he says