Demonetisation may have hit the auto sector with drop in footfalls but companies see this trend short live and demand picking up going forward.
peaking to CNBC-Tv18 Amit Tandon of IIAS said that the voting pattern at TCS which removed Cyrus Mistry reflects the conversation on the Street.
Morgan Stanley on Monday launched book to buy 5 crore shares of Tata Motors for a client at 10 percent premium to the current closing price of Rs 454 per share. It amounts to 1.73 percent stake in Tata Motors, people close to the development told CNBC-TV18.
Festive season boost and low base effect have helped automobile companies post better-than- expected sales numbers despite concerns demonetisation will have a negative impact says Pranoy Kurian of IDBI Capital Markets & Securities.
Speaking to CNBC-TV18 Kaustubh Chaubal of Moody's said that there is no change in ratings of Tata group companies but should any new facts emerge, then they would review them.
Sources said that Tata Chemicals may ask Mistry to stay as Chairman. A detailed report of the minutes of the board meeting is expected to be filed with the exchanges soon.
Some knee-jerk reaction to the new is expected, but no damage over long-term is expected, said Ramesh Damani, member of BSE & NSE adding that “though it will expose dirty linen of Tata Group to public eye.â€
Mayank Pareek, President of Passenger Vehicles Business at the automaker said that initial festive demand beginning Onam has been very good for Tata Motors. The company is on course to achieve its business plans globally, he added.
Order passed by the NGT was with respect to private vehicles and not commercial vehicles, says Tata Motors Counsel Gopal Jain, adding it's time diesel issue be put to rest as.
In an interview to CNBC-TV18, Ravi Pisharody, Executive Director - CVs of Tata Motors says that the company will move to de-risk its domestic business in future.
When Guenter Butschek took over the reins of Tata Motors in February, laying down a clear vision statement for the brand was a priority. Now that's done. In the company's annual report, the CEO says the biggest job is to successfully action this vision, which involves a 3-year journey of transformation.
Dhirendra Tiwari, Head of Research at Antique Stock Broking tells CNBC-TV18 he is unfazed by concerns of Brexit hurting the growth of Indian IT companies such as Infosys which have a presence in the UK.
With macros finally showing signs of recovery, one sector most sensitive to the economic cycle -- commercial vehicles -- appears headed for growth.
Market for cars has been expanding and will continue to expand in coming time, says RC Bhargava, Chairman of Maruti Suzuki.
In an interview with CNBC-TV18, Mihir Jhaveri, Auto Analyst, Religare Capital Markets, gave his take on May auto sales data that came out yesterday.
This is the first product to combine a new design and technology strategy, said CEO Guenter Butschek. He is confident of Tiago doing well and making a difference in the hatchback market
In an interview with CNBC-TV18, Prabhudas Lilladher Auto Analyst Rohan Korde discussed the March auto sales numbers and discussed his stock picks in the sector.
The Defence Procurement Policy has made it easier for Indian companies to operate in the defence space, said Vernon Noronha, VP-Defence & Government Business, Tata Motors.
Tim Leverton, President, Tata Motors said the company is keen on gaining back customer confidence with wide range of products.
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.
Abhishek Dangra, director, corporate ratings, Standard & Poor's, says further action will be driven by the company's performance, mostly JLR's. Jaguar's global growth to that extent is important, he adds. If that takes a hit, then there could be downward pressures, he says
Ravi Pisharody, executive director of Tata Motors' commercial vehicles business, says Magic is very popular in school bus application
Speaking at the sidelines of 55th Annual Siam Convention, that kicked off in New Delhi today, Ravindra Pisharody, ED of Commercial Vehicles at Tata Motors gives a roadmap to future and explains why there is no fear of growth slowing down in MHCV segment.
In a conversation with CNBC-TV18, Tata Motors' Executive Director Ravi Pisharody explains what differentiates the Mega Ace from other members of the successful Ace family and why it would be the most significant member of them all.
In an interview with CNBC-TV18, John Zeng of LMC Automotive says Chinese market slowdown will impact sales of Tata Motor's JLR in coming few quarters.