-
Motherson Sumi Systems seen a bit of selling pressure all through the last couple of weeks. The street fears cut in earnings estimates will weigh on the stock. In an interview to CNBC-TV, Vivek Chaand Sehgal, Chairman of the company said that he do not see any weakness on the sales front.
-
Motherson Sumi posted a mixed quarter in Q3 that came in slightly below street estimates as margins were hit by higher raw material prices. In an interview with CNBC-TV18, Vivek Chaand Sehgal, Chairman of the Motherson Sumi Group spoke about the results and his outlook for the company.
-
Motherson Sumi Systems is on radar after its arm acquires 100 percent of MS Global India (MSGI) from Korea-based MS Group. In an interview to CNBC-TV18, Vivek Chaand Sehgal, Chairman of Motherson Sumi Group discussed the details of the deal.
-
For decades, we were used to ambassadors and the Premier Padmini cars but the launch of Maruti 800 in 1983 changed the country’s automobile landscape forever. In the process, it has changed the fortunes of hundreds of auto component makers. Fortunately, all of them are shining but one is shining even more brightly, Motherson Sumi Systems.
-
Vivek Chaand Sehgal, Chairman, Motherson Sumi Group is very upbeat on the business outlook going forward.
-
In an interview to CNBC-TV18, Vivek Chaand Sehgal, Chairman of Motherson Sumi Systems spoke about the results and his outlook for the company.
-
Auto component major Motherson Sumi Systems could be eyeing the starter motors and generators division of global giant Bosch LLC through a likely USD 600-million bid, a media report said.
-
Group Chairman Vivek Chaand Sehgal said Motherson Sumi recorded highest-ever quarterly revenue and best-ever net profit in Q3FY17. adding, the company looks to garner more from global units. For this, it plans to set up 9 new plants, of which 6 will be based globally, he said.
-
The purchase of PKC Group for USD 609 million will be debt free and 380 million euros from QIP will be used for the acquisition. Also, no debt will be raised, said Motherson Chairman Vivek Chaand Sehgal.
-
Motherson Sumi's Chairman Vivek Chaand Sehgal says the company both buys raw materials and sells the finished goods in euro and may not be affected by a weaker euro. He adds that Motherson Sumi may instead benefit when cars are exported out of Europe.
-
In an interview with CNBC-TV18, Vivek Chaand Sehgal, Chairman, Motherson Sumi Systems, said he hopes second of FY17 will be as good as the first half. He said India and Europe have performed better.
-
The company is seeing a lot of opportunities and expects to do an acquisition by the year-end, said Chairman Vivek Chaand Sehgal. He said the company has a capex plan of about Rs 2,000 crore funded by internal accruals.
-
Vivek Chaand Sehgal, Chairman of Motherson Sumi Systems, said that there‘s no slowdown as far as SMR is concerned. The changes adopted for accounting standards make SMR‘s margins look optically weak on quarterly basis, but they‘re still healthy margins, he said.
-
Despite the ongoing showdown in China, Vivek Chaand Sehgal, the Chairman of Motherson Sumi maintains that China's automotive sector has done well.
-
Demand and sale both are on a rise, says Motherson Sumi Systems chairman Vivek Chaand Sehgal.
-
There is still need to focus on increasing the ease of doing business and single window clearances all over India. It is still difficult to put up new plants in India, said Vivek Chaand Sehgal, Chairman, Motherson Sumi Group.
-
Vivek Chaand Sehgal, Chairman, Motherson Sumi Group, says there is no reason to believe that the company's growth will slip below 7 percent.
-
Motherson Sumi is on track to achieve its 2020 target of achieving 40 percent return on capital employed (RoCE), Chairman Vivek Chaand Sehgal told CNBC-TV18 in an interview, after the company declared a robust set of quarterly numbers.
-
Motherson Sumi stock has fallen nearly 26 percent in the past month. But Vivek Chaand Sehgal, chairman of Motherson Sumi Group, says, the company's operations, balancesheet, debt - everything is comfortable.
-
Vivek Chand Sehgal, Chairman of Motherson Sumi Systems says 12-13 percent of Motherson‘s sales comes from India and the balance comes from Europe and when presenting number, it has to be in rupees, which impacts the numbers.
-
Vivek Chaand Sehgal, Chairman of Motherson Sumi Group does not think the Greece crisis would impact company business since they never had any connection to the country.
-
Motherson Sumi Chairman Vivek Chaand Sehgal said the company has recently won orders worth Euro 4.4 billion.
-
Motherson Sumi has posted operationally good set of numbers in its fourth quarter with an ambitious guidance for the next 5 years. In an interview to CNBC-TV18, Chairman Vivek Chaand Sehgal discuss on the same
-
The weakness in euro has been a boon to the company as it makes European cars more desirable, said Chairman Vivek Chaand Sehgal.
-
Fiscal year 2015-16 will be the first of a three-four year automotive upcycle, Axis Capital, auto analyst Ashish Nigam told CNBC-TV18 in an interview. The investment bank is holding an auto conference where 13 companies from the sector are participating.
