In an interview with CNBC-TV18, Ramesh Iyer, MD of M&M Financial Services said that though, the growth rate is slightly lower taking into account the market situation, overall volumes for the company is still quite high.
In an interview with CNBC-TV18, VK Vishwanathan, MD of Bosch reiterates the fact and confirmed that its Bangalore and Jaipur plants will suspend operations for two and five days respectively. According to him, slowing demand has led the company to take such a step.