The company is grappling with many uncertainties, including weak sales growth and the semiconductor chip shortage
Vinod Dasari would be succeeded by B Govindarajan, who has been the chief operating officer of Royal Enfield since 2013.
Motorcycle maker Royal Enfield to focus on new models and expansion of mid-sized segment
The outgoing president of Society of Indian Automobile Manufacturers (SIAM) while stressing on the point that the automotive industry is held ‘responsible for all problems’, said there needs a clarity in roadmap for the automobile industry.
In an interview to CNBC-TV18, Vinod Dasari, President of Society of Indian Automobile Manufacturers (SIAM) expects commercial vehicle segment to grow 10-15 percent this fiscal.
The Hinduja flagship firm said the BS-III engines would be upgraded to BS-IV standard using its new intelligent exhaust gas recirculation (iEGR) technology.
The Supreme Court verdict banning BS III vehicles from April will have to be respected but it is "frustrating" that the existing law allowing sale of these vehicles was ignored, Automobile industry SIAM said today.
The Bharat Stage IV (BS-IV) emission norms will become applicable to all kinds of vehicles across the country from April 1 this year.
Hinduja Group flagship Ashok Leyland today reported a 13 percent decline in its standalone net profit at Rs 185.88 crore for the third quarter ended December 31, 2016.
The order also includes supply of equipment for development of workshops, training modules and allied equipment to be fitted on ambulances, Ashok Leyland said in a BSE filing.
In an interview with CNBC-TV18, Vinod Dasari, MD, Ashok Leyland and President of auto body SIAM, talked about the sales outlook ahead of the festive season and business in general.
"In defence, we have got tremendous growth. We have won 13 out of the last 15 tenders..we are today a Rs 500 crore company in defence and in five years we should be well above Rs 2,000 crore," Ashok Leyland MD Vinod Dasari told PTI.
To promote eco-friendly vehicles, the government had formally launched the FAME India scheme last year offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.
The passenger car sales will improve with better monsoon and roll out of 7th Pay Commission, said Vinod Dasari, President, SIAM.
Speaking at the 58th Annual Session of the Automotive Component Manufacturers Association (ACMA), Dasari said it was "improper information" supplied to the courts which led to the ban on diesel vehicles.
The company had posted a standalone net profit of Rs 32.09 crore in the same period last fiscal, Ashok Leyland said in a BSE filing
Ashok Leyland's MD and Siam president Vinod Dasari says the National Calamity Contingent Duty (NCCD) has to go and only alcohol and tobacco industries pay this duty
Keeping with the theme of 'mobility for all', the expo opened with car market leader Maruti Suzuki unveiling its much-awaited compact SUV Vitara Brezza, while a host of hybrid and electric vehicles from different manufacturers represented technology of the future.
Vinod Dasari, President of Society of Indian Automobile Manufacturers (SIAM) and MD of Ashok Leyland, expects to see a good turnout of 7 lakh visitors at the Auto Expo starting on Wednesday.
Vinod Dasari, President of Society of Indian Automobile Manufacturers (SIAM) does not concur with Salve‘s opinion and argues that technical evolution has a gestation period that cannot be changed overnight.
At the meet, Vinod Dasari, President of SIAM, also relayed his thoughts on the recent ban on registration of 2000cc+ cars in New Delhi, pointing out that less than 20 percent of pollution actually comes from auto emission in the city and he wishes the myth that cars are polluting India is dispelled.
Dasari highlighted that the industry as a whole might not require any fresh capex investment at least for next 2 years unless there is some sudden revival in the light commercial vehicle segment, which has been a laggard so far.
Society of Indian Automobile Manufactures (SIAM) President Vinod Dasari says there are far too many regulators including government bodies, ministeries, Non-Governmental Organisations and courts mandating the auto industry.
In an exclusive interview to CNBC-TV18, Dasari says while the SC order is absolutely illogical, it will be complied with. He says the body will represent its case to the government and the courts, adding that it will not back down from any emission norms that the government mandates.