The price increase is to offset the impact of the past input costs, India’s largest commercial vehicle manufacturer said.
The medium-term outlook for margins is good with rubber prices expected to go down further and reasonably strong demand, said Vivek Kamra, President, JK Tyre.
Everybody in the NBFC space has seen a decrease in cost of funds and the company per se has shifted their mix more towards debentures, said Vellayan Subbiah, Managing Director, Cholamandalam Investment and Finance.
Besides the motorcycle oil segment, the company also saw demand from the car, commercial vehicles and industrial infrastructure segments, said Ravi Chawla, MD, Gulf Oil Lubricants.
Multi-utility van Dost did a very good job of securing the company‘s first foothold and now every year the company plans to see ways to further expand its portfolio and presence in the LCV segment, V Sumantaran, vice-chairman, Ashok Leyland says.
Bosch India, managing director, Steffen Berns told CNBC-TV18's Ronojoy Banerjee that there are no signs of a turnaround yet.
Delinquencies by a number of CV loan accounts that are more than 30 days outstanding have rose to 13 percent from around 11 percent, a growth of 18 percent in the first half of 2013, said credit information service provider Equifax Credit Information Services.
In the auto space, the commercial vehicle segment maybe growing at 10%, but bus sales have failed to catch up this year.