Bertrand D'Souza answers viewer's queries in CNBC-TV18's weekly auto show 'Overdrive'.
Motilal Oswal Securities feels that India's growth may not see much recovery going forward on the back of weak gross domestic product (GDP).
Mahindra and Mahindra officials told CNBC-TV18 that they are looking at an export diversification move. They will also enter the markets of New Zealand in the coming few months, reports CNBAC-TV18‘s Ronojoy Banerjee.
Angel Broking's Rajen Shah is bullish on Murugappa Group's Tube Investments and sees 100 percent upside with a 24 months perspective.
Mahesh Patil of Birla Sun Life Asset Management says, in an interview to CNBC-TV18, that auto stocks still offer lucrative returns despite poor sales and labour strikes. Patil adds that PSU banks with focus on corporate lending might declare limp earnings.
Workmen at the Chakan plant of Bajaj Auto Limited have gone on a strike, thereby affecting production following the management's refusal to allot shares to them at a discounted price.
Pharmaceutical and chemical business firm Merck Limited launched a new generation of effect pigments, Meoxal, for the auto sector in the country.
Maruti Suzuki , the country's biggest carmaker by sales, shut production at both of its plants earlier this month to adjust inventory levels in response to falling sales.
UR Bhatt, MD, Dalton Advisors says, in an interview to CNBC-TV18, that he expects the Nifty to trade in the 5800-6100 range and advises investors to bet on select pharmaceuticals, private banks and the FMCG segment.
Dipan Mehta, member BSE/NSE, feels high beta stocks will continue to disappoint. The outlook could be positive for M&M and valuations also are pretty reasonable at this point of time, he says.
According to Bharuka, the bad Q4 numbers were expected on the back of slowdown in the auto and the housing sector.
Don't tell Hironori Kanayama that investing almost USD 500 million in a market enduring its worst slump for 12 years is a questionable business decision. Honda Motor Co's. India head sees only one way forward: Keep calm and carry on.
Today is a crucial date for the India-EU free trade agreement (FTA). It has seen over 16 rounds of negotiations. Commerce Minister Anand Sharma is to meet his EU counterpart Karl De Gucht in Brussels to sort out the last remaining sticky issues related to the FTA.
Bajaj Auto, MD, Rajiv Bajaj told CNBC-TV18's Ronojoy Banerjee there are a slew of launches in pipeline and see little or no competition in the sports-bike segment.
Prabhudas Lilladher has come out with its report on auto sector. The research firm believes M&HCV goods segment would grow at 0-5% (growth in H2FY14) in FY14E, given the near-term negative outlook on the segment on account of drop in freight availability and softening of truck rentals.
Auto companies continue to struggle on the sales front according to the March figures. TVS Motors reported disappointing sales for March with the total sales dropped 8.2 percent to 1.67 lakh units.
Portfolio manager, PN Vijay of askpnvijay.com is bullish on Tata Motors and says investors should consider the stock from a long-term perspective. He expects the SAIL offer for sale (OFS) to get a very tepid response.
According to Sandeep Bhatia, executive director and head of sales at Kotak Institutional Equities, auto is a good place to start. He feels the fall in interest rates will help the auto sector.
Ventura has come out with its report on auto sector. According to the research firm, auto industry experts believe that the worst is over with auto loans becoming cheaper following the Reserve Bank of India (RBI) reducing its key lending rate. Believe this move is likely to spur buying and translate into better volumes in the near future.
Giving a glimmer of hope to the auto industry, the heavy industry minister Praful Patel today said he would be meeting the finance minister P Chidambaram and possibly seek a stimulus package for the industry at the backdrop of declining sales from all major auto companies.
Motilal Oswal has come out with its report on auto sector. The research firm believes that worst of competitive pressure is behind for passenger cars, increasing competitive intensity for both 2W, UVs and CVs pose challenge to incumbent OEMs.
The excise department is mulling to appoint cost accountants for calculation of cost data for the auto sector. The development has left the auto industry worried, reports CNBC-TV18‘s Ronojoy Banerjee quoting sources.
Prabhudas Lilladher has come out with its report on auto sector. The research firm says Bajaj Auto is a better place to mitigate the impact of slowdown in the two-wheeler industry. EPS for Hero Motocorp seem stretched. Maintain reduce call on the stocks.
The Society of Indian Automobile Manufacturers (SIAM) has lowered its annual growth forecast for car sales. SIAM now predicts sales growth of between zero and 1.0 percent.
Varun Goel of Karvy Private Wealth explains, in an estimate of the market for 2013, explains that he expects the market to perform better in the New Year than 2012. Goel picks PSU banks and the auto sector as the top outperformers for 2013.