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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 “temporay 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.
Prayesh Jain of IIFL sees no major demand revival in Ashok Leyland'd products. On Maruti's weak sales numbers for October, Jain says it may be due to the high number of festive holidays in the month.
Lower promotion expense and higher other income have boosted Maruti Suzuki‘s profits in the second quarter of FY17 ended September 2016. The carmaker‘s management believes profits will increase once operations at its Gujarat plants begin in full swing.
Ramesh Damani‘s popular Wizards of Dalal Street is back, and this time Damani interviewed Rahul Rathi, MD & Chairman of Purnartha Investment Advisors. Rathi spoke about his two styles of investing: Invest in a business, and the other strategy is to invest in the businessman.
Speaking to CNBC-TV18, RS Kalsi, ED - Marketing & Sales of Maruti Suzuki says that demand for both Brezza and Baleno has been more than the company‘s estimates.
There should not be any abrupt changes in policies, government should give long term policies, RS Kalsi, ED of marketing and sales at Maruti Suzuki said.
The company has never been concerned about stock price, but more about making good cars and delivering good service to customers, said Maruti Suzuki Chairman RC Bhargava. He added the company may advance commissioning of a second line of manufacturing at its Gujarat plant which started operations in February.
In a relief to automotive industry, the Supreme Court on Friday lifted the ban on registration of diesel cars in the National Capital Region, subject to a 1 percent cess paid at the time of registration.
In an interview RS Kalsi told CNBC-TV18 that Maruti plans to launch two new models by the end of this fiscal through its NEXA showrooms and expects this festive season to be better than last year.
RC Bhargava, Chairman of Maruti Suzuki, said that the GST is a good move, but the focus should be on implementing it once the legislation is passed. Legislation on paper won‘t be good unless there is implementation, he said.
Speaking to CNBC-TV18, MD & CEO, Kenichi Ayukawa, Maruti Suzuki India, spoke on a range of topics. He said the Nexa initiative which sells premium cars will be evaluated after five years.
With the decision on diesel vehicle ban in Delhi still pending, the Kerala government is now mulling a green tax to reduce pollution in the state.
Questioning the rationale behind the recent court decision to ban large diesel vehicles in the National Capital Region, Maruti Suzuki RC Bhargava said car emissions were only a small factor in overall pollution and added that automakers were held back from moving to stricter norms due to lack of fuel.
RC Bhargava, Chairman of Maruti Suzuki says that exports of cars to Japan will only reduce a part of the Yen impact.
RC Bhargava, Chairman, Maruti Suzuki is not overly worried about the impact of stronger yen because the company has reduced its dependence on yen in the last two quarters, adding that for all the new models the royalty is also rupee denominated.
Vikram Mohan, Managing Director of Pricol, told CNBC-TV18 that the company is targeting a 20-25 percent revenue growth in the next few years.
In an interview with CNBC-TV18, Mihir Jhaveri, Auto Analyst, Religare Capital Markets, gave his take on May auto sales data that came out yesterday.
Reacting to the GNCAP report that cast a doubt on the crash tests of various car models in India, RC Bhargava, Chariman, Maruti Suzuki India said the GNCAP is a voluntary standard and no country requires you to pass their standards.
Even as auto sales have been flat for two years, market leader Maruti Suzuki has seen its market share grow.
In an interview with CNBC-TV18, Prabhudas Lilladher Auto Analyst Rohan Korde discussed the March auto sales numbers and discussed his stock picks in the sector.
