S Sandilya in his March 3 resignation letter to members of the board of the company, said he is stepping down as he is "no longer aligned with the Company's future direction".
Talking exclusively to CNBC-TV18, Sandilya said that he was hopeful about infrastructure spending increasing in the next 6 months.
In an interview to CNBC-TV18, RS Sandilya President, SIAM , spoke about his reading of the market and Union Budget 2013-14
At the backdrop of the worst year for the heavy commercial vehicle (HCV) segment in the recent past companies from Tata Motors to Ashok Leyland have had to cut operating capacity and in some cases bring down the number of working days in a week as well.
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.
India''s automobile exports fell by 2.92 percent year-on-year at 21,86,834 units during April-December 2012 due to demand slowdown in global markets.
S Sandilya, President, Society of Indian Automobile Manufacturers (SIAM) told CNBC-TV18, its high time now that the government should take measures to stimulate the auto industry.
SIAM president S Sandilya says any incremental increase in excise duty on diesel cars will be a "retrograde step".
SIAM is opposing the proposed India-EU FTA and is worried about the impact of the deal on the Indian auto sector. President of SIAM, S Sandilya discusses with CNBC-TV18's Shereen Bhan the implications of such a deal.
he expects the government to maintain custom and excise duties in the upcoming union budget. "Whatever stimulus the government gave because of which the industry had certain amount of positive signal should not be withdrawn," he added.
S Sandilya, president of SIAM tells CNBC-TV18 that if companies had options by the way of labour reforms, it could manage the labour in period of crisis.
The Society of Indian Automobile Manufacturers today condemned the alleged violence inside Maruti's Manesar plant, but said workers have a "right of collective bargain".