In order to increase visibility, the company plans to expand its exclusive 'tyre centres' in the country.
Sanjay Mathur, Head of Research, RBS says the underlining trend largely remains sluggish and achieving the official growth target of 6.5 percent will be challenging for the China government.
Sanjay Mathur, Head of Research & Strategy, Non-Japan Asia, RBS expects inflation print at the core level to fall to around 6.5 percent by late 2014.
In an interview to CNBC-TV18, Sanjay Mathur, RBS spoke about rupee, inflation and jobs data. In terms of inflation numbers, he expects the CPI to drop down to 8 percent levels from the 9.31 percent registered in May.
The current account deficit (CAD) is expected to come down, with the international prices of crude oil, gold and edible oils falling in the international market. Sanjay Mathur of RBS told CNBC-TV18 if exports are not growing and WPI will be moved lower then it would not make sense to allow the rupee to appreciate.
Ahead of the Reserve Bank of India's monetary policy meet on January 29, Sanjay Mathur of RBS believes the positive macro data sets the stage for the central bank to ease rates by 50 basis points. He also expects the GDP growth for the current fiscal to range around 5.3 percent and feels it could go up to 6.5 percent in FY14.
The July-September GDP performance has slowed down to 5.3 percent from 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal. Sanjay Mathur, RBS spoke to CNBC-TV18 about his GDP expectation for the next fiscal and why he thinks 5.3 percent is the bottom of the cycle.
The government has taken a lot of reform measures over the last one month. In an interview to CNBC-TV18, Sanjay Mathur, RBS says reforms will start impacting growth only in the next fiscal year. "We are looking at 5.2 percent at this stage. But, next year, the growth should rebound to around 6.5 percent level," he adds.
The central bank's policy inaction on Monday came as disappointment for both the equity and the bond market. A CNBC-TV18 poll also indicated that 90% of the people polled were expecting a 25bps repo rate cut.
Sanjay Mathur of RBS expects a total of 50 basis points cut in interest rates for the rest of FY13, but not before September.
Sanjay Mathur, head of research and strategy, Non-Japan Asia, RBS, believes that inflation even after touching 6.3 % will not necessarily stay there, as there are no major structural fiscal policy changes.
Sanjay Mathur of RBS expects inflation to ease beginning the first round of cash reverse ratio cuts by Reserve Bank of India.
On December 9, the 27 member eurozone made a brave attempt to ensure that the euro will survive. Manoj Pradhan, Global Economist with Morgan Stanley; Jahangir Aziz, economist at JPMorgan and Sanjay Mathur, economist at RBS discuss the impact of the two-day Summit on global markets.
Sanjay Mathur, head of research and strategy (non-Japan Asia) at RBS expects to see a pause in the Reserve Bank of India rate hiking spree. However, he feels, the RBI will continue being vigilant in its fight against inflation.
Sanjay Mathur, head of research and strategy, Non-Japan Asia, RBS tells CNBC-TV18 that the central bank is likely to announce a rate hike of 25 basis points in its September 16 meet.
If the US gets downgraded to a double-A from a triple-A credit rating, what does that mean for markets? Sanjay Mathur, Head of Research & Strategy, Non-Japan Asia at RBS tells CNBC-TV18, a US downgrade looks definite.
Sanjay Mathur, regional economist at RBS, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, said that India is in a penultimate stage of monetary tightening and the Reserve Bank of India is likely to hike the rates by 25 bps tomorrow.