In an interview with CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki shared his views and outlook on how FY19 is expected to shape up.
CNBC-TV18 has been getting the biggest and the best voices from the Auto Expo 2018. Also watch accompanying video of Sachin Tendulkar speaking at the Expo.
CNBC-TV18's Ronojoy Banerjee caught up with Kenichi Ayukawa, MD of Maruti Suzuki and asked him about Maruti’s outlook on electrification of cars.
In an interview to CNBC-TV18, PK Duggal, VP-Corporate Planning & Marketing at Subros spoke about the latest happenings in his company and sector.
Shivam Autotech is buzzing in trade. The stock is up 118 percent in one year and 43 percent in the last six months. In an interview with CNBC-TV18, Neeraj Munjal, Managing Director of the company discussed about what has got the stock buzzing.
Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
Auto sales for November are due later today. In an interview to CNBC-TV18, Hitesh Goel, Senior Analyst at Kotak Institutional Equities shared his views on the likely outcome.
In an interview to CNBC-TV18, Deepak Jain, MD of Lumax Industries spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Vikas Gupta, ED of PG Electroplast spoke about the latest happenings in his company and sector.
As Society for Indian Automobile Manufacturers (SIAM) Annual Convention starts today, CNBC-TV18 caught up with the biggest and the best voices from the auto industry. S Sandilya, Chairman of Eicher Motors and Rajan Wadhera CEO of Automotive at Mahindra and Mahindra (M&M) spoke about the key challenges faced by the industry.
CNBC-TV18's Ronojoy Banerjee spoke to Kenichi Ayukawa, CEO of Maruti Suzuki about the new strategy. The CEO said that Maruti has undertaken corporate transformation to upgrade brand.
Maruti Suzuki India has cut prices across several models to pass on the benefits of lower goods and services tax (GST) to consumers. This whole process of ushering in the GST system has proceeded far more smoothly than what either government or people thought it would happen, RC Bhargava, Chairman of the company told CNBC-TV18.
In an interview with CNBC-TV18, RC Bhargava, Chairman of Maruti Suzuki India shared his views on the new GST rates on small cars.
The way the market and the economy is growing there is a need for more and more capacity, said RC Bhargava, Chairman, Maruti Suzuki.
Market looks very good from a 5-10 year perspective, said Vikram Kotak of Crest Capital and Investment.
"We do not see any slowing down in fact March will be a month which will probably see very high levels of sale, retail sales will be high", RC Bhargava, Chairman, Maruti Suzuki told CNBC-TV18.
The first unit in Gujarat will start production and sales by next month, said Maruti Suzuki Chairman RC Bhargava.
The H1B issue could be looked at as an opportunity as well, as Indian IT companies' margins improve with the expectation that offshoring increases, says Mahindra from the sidelines of the Vibrant Gujarat Summit 2017.
Speaking on specific companies, Ashwin Patil of LKP Securities believe that Maruti Suzuki will see momentum retune in future with line-up of new models. Maruti saw a 1 percent decline in sales in December.
Expect domestic business to be around 55 percent and international around 45 percent in FY18, said Ajith Rai, CMD, Suprajit Engineering.
Ignis is an urban premium compact targeted at the millennials, said RS Kalsi, ED-Mkting & Sales, Maruti Suzuki India.
Demonetisation may have hit the auto sector with drop in footfalls but companies see this trend short live and demand picking up going forward.
Terming the dip in footfalls and new bookings on account of demonetisation as a â€œtemporay blipâ€, Chairman RC Bhargava said latest reports from its dealerships indicate a reversal in the trend. He added that the company is unlikely to face a demand slowdown in 2017.
Festive season boost and low base effect have helped automobile companies post better-than- expected sales numbers despite concerns demonetisation will have a negative impact says Pranoy Kurian of IDBI Capital Markets & Securities.