Market waited with baited breath for the June auto sales numbers because there was talk of a slowdown, both, in personal vehicles as well as in commercial vehicles. Mahindra & Mahindra’s June total sales numbers came as a breath of fresh air.
Despite the RBI rate hike, Dr Pawan Goenka, President Automotive Sector, Mahindra & Mahindra (M&M) says the latest increase may not get passed on to the consumer.
Utility vehicle maker Mahindra & Mahindra’s total sales in May rose 20% year-on-year to 34,323 units. Its four-wheeler commercial vehicles, which include passenger as well as goods carriers, saw a sales growth of 28% to 9,958 units.
In an interview with CNBC-TV18, Avinash Patankar, Senior Vice President - Sales & Channel Development, Farm Equipment Division at Mahindra and Mahindra spoke about the April sales number of the company and the road ahead.
M&M has rechristened the Logan. The car will now be called the 'Verito', which means 'truth' in latin. This vehicle will now cost Rs 15,000 more than the earlier price. Pawan Goenka, President (Automotive sector) of M&M, spoke on the plans for this passenger car.
In an interview with CNBC-TV18, Vivek Nayer, Senior VP Marketing- Automotive Division at M&M said, "Overall, 18% is very handsome growth and we are pretty pleased with the month gone by."
In an interview with CNBC-TV18, Deepak Dheer MD of Mahindra Forgings citing the company's outlook said, "Our European recovery has been better than expected. We are looking forward to a very good result from the German plant."
Swati Khandelwal Jain talks to Pawan Goenka, the president of Mahindra's automotive and farm equipment sector, who has been appointed as the Chairman of the Ssangyong Motor as he shares Mahindra’s more on the way forward.
Lokeshwara Rao, MD of Lokesh Machines, in an interview with CNBC-TV18’s Reema Tendulkar and Ekta Batra, spoke about the board meeting on March 17 to allot convertible debentures to IFCI Venture.
In an interview with CNBC-TV18, M RadhaKrishnan, joint managing director of Autoline Industries said," We supply to Toyota in the USA, and that too in a very less percentage. He said that the company will not be affected by the Japanese crisis.
Terming the Mahindra-CISCO alliance "strategic", Mahindra Satyam's CEO CP Gurnani said this is positive for the company. Projecting revenue generation of USD 500-750 million over the next five years, Gurnani said the company would meet the industry’s growth expectations over the next five to six quarters.
Arun Malhotra of Mahindra and Mahindra expects March to see all-time high sales figures.
In an interview with CNBC-TV18, Bharat Doshi, Executive Director & Group CFO and Rajeev Dubey, President - HR, M&M spoke on their expectations from the finance minister this budget and the road ahead for the auto industry.
In an interview with CNBC-TV18, Anand Mahindra, VC & MD of Mahindra Group spoke on the aero space business and the company's investments in Karnataka.
In an interview with CNBC-TV18, Rajesh Jejurikar, CEO, Automotive Div, M&M, speaks about the monthly sales numbers and gives his outlook going forward.
Anand Mahindra, VC and MD, M&M explains how and why 'Rise' is the new Mahindra mantra.
Pawan Goenka, President, Automotive and Farm Equipment Sector at Mahindra and Mahindra (M&M) is concerned that interest rates and commodity prices will put pressure on auto industry. In an interview to CNBC-TV18, he said, “Commodity prices had risen 6-7% in 2010.”
CNBC-TV18's Shereen Bhan caught up with Pawan Goenka, President of Automotive Business at M&M and the president of industry body, SIAM to find out whether he expects 2011 to mirror the growth we saw in 2010.
Mahindra and Mahindra’s total sales were up 42% (YoY) at 34,062 units while exported 1,999 units tractors in the month of December. In an interview with CNBC-TV18, Vivek Nayer, Senior VP - Marketing, Automotive Division, M&M, speaks about the numbers and gives his outlook going forward.