The government has constituted a group headed by Bharat Forge Chairman Baba Kalyani to evaluate policy on the country’s special economic zones (SEZs).
The commercial vehicle business comprising of medium and heavy vehicles was growing at a fast rate in India, which is good for component manufacturers, said Baba Kalyani CMD, Bharat Forge.
CNBC-TV18's Rituparna Bhuyan caught up with Baba Kalyani, Managing Director of Bharat Forge and asked him that how important are the goods and services tax (GST) related issues raised by small traders.
CNBC-TV18’s Rituparna Bhuyan caught up with Baba Kalyani, MD of Bharat Forge for his take on Reserve Bank of India’s (RBI) status quo policy and growth outlook for this fiscal.
Bharat Forge's Class 8 truck orders in the month of August saw steady growth which indicates a strong year in 2018. In an exclusive interview to CNBC-TV18, Baba Kalyani, CMD of Bharat Forge spoke about the North American heavy truck market and latest happenings in the company.
Kalyani Rafael Advanced Systems, the joint venture between the two with 51 percent ownership resting with Kalyani group, would be the first private sector entity to manufacture such weapon systems in the country.
North American Class 8 truck orders reported double-digit growth for two months. Speaking to CNBC-TV18, Baba Kalyani, CMD of Bharat Forge said that North American heavy truck market is beginning to show signs of some robustness.
The company, which manufactures defence products in a joint venture with Israeli defence firm Rafael Advanced Defense Systems, will showcase jet engines at the upcoming Aero India 2017, said Chairman Baba Kalyani.
"Despite a weak demand environment in domestic market and a slow global recovery, the company posted topline growth in the quarter driven by continued focus on diversification and increasing market share across segments, while profitability improved on a sequential basis despite input cost pressure," Baba Kalyani, CMD said.
Every business had bottomed and growth has witnessed a slump in the last year, says Kalyani. However, he feels the growth is returning and he sees double-digit growth coming back next fiscal.
Bharat Forge‘s board today approved acquisition of North American company Walker Forge Tennessee for USD 14 million. Managing Director Baba Kalyani told CNBC-TV18 Bharat Forge will strive to take revenues of Walker to USD 50-60 million from USD 28 million likely in CY16.
In an interview with CNBC-TV18, Baba Kalyani, Chairman of Bharat Forge said that business has bottomed out for the company and going forward there will only be positive growth.
At a panel moderated by CNBC-TV18 Shereen Bhan, Bharat Forge MD was joined by Amitabh Kant, Sanjeev Sharma and Johan C Aurik. They spoke on manufacturing and Make in India strategies of India.
Fairly steady rise is visible in manufacturing across sectors as well as underlying demand is improving now, believes Baba Kalyani of Bharat Forge. Make in India, he says, is India‘s most valuable brand.
Speaking to CNBC-TV18 Baba Kalyani, CMD, Bharat Forge, said that the worst of North America truck orders is behind us. â€œA part of it is because of inventory correction and holidays are also over."
All investment companies have surged in the last few days but one holding company which hasn't moved is Bajaj Holdings & Investment.
Maharashtra Chief Minister Devendra Fadnavis pointed to the dichotomy that 50 percent of jobs in the state come from agriculture, but add just 11 percent of GDP.
Baba Kalyani, CMD, Bharat Forge in an interview to CNBC-TV18 said the company was moving towards higher productivity, efficient manufacturing business model, improved technology and value added products.
Watch accompanying videos of Andhra Pradesh Investor Summit where the chief minister Chandrababu Naidu geared up to woo investors to his state.
Leading forging major, Bharat Forge, today, announced plans to set up an integrated auto component hub in Nellore in Andhra Pradesh and said it will invest Rs 1,200 crore and create 3,000 jobs.
Kiran Mazumdar Shaw, Chairman and MD, Biocon believes India‘s innovation led growth story is what investors are buying into but foreign investors need predictability and clarity in policies and regulations.
Baba Kalyani expects big opportunity in artillery gun business going ahead.
In an interview to CNBC-TV18, Baba Kalyani of Bharat Forge, discusses what Prime Minister Narendra Modi's Germany visit means to India Inc.
The company has already invested about Rs 600-700 crore over the last four-five years in the Baramati plan, said Baba Kalyani, chairman and managing director of Bhara Forge.
Bharat Forge posted a strong set of numbers, surpassing street expectations by reporting 108.8 percent growth in the bottomline in its third quarter.