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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.
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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.
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Vernon Noronha, VC and Head - Defence Business of Tata Motors, spoke about the 6x6 order and what he expects from the defense business.
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In an exclusive interview to CNBC-TV18, Tata Motors‘ Vernon Noronha shares his view on the JNNURM scheme and how the days ahead are likely to pan out for the company.
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RC Bhargava, Chairman, Maruti Suzuki, says, it is too early to say if we are seeing real improvement in long-term growth, though April has been a good month for automotive industry.
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Fiscal year 2015-16 will be the first of a three-four year automotive upcycle, Axis Capital, auto analyst Ashish Nigam told CNBC-TV18 in an interview. The investment bank is holding an auto conference where 13 companies from the sector are participating.
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JV Adhia, VP Accounts & Finance, Atul Auto and Basudev Banerjee, AVP-Research, Antique Stock Broking spoke about the outlook on the auto space with Anuj Singhal and Latha Venkatesh on CNBC-TV18.
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"There was significant growth in November and December 2014 and the fourth quarter of FY15 will be better than the third quarter of FY15," says Mayank Pareek.
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This 4 percent excise duty will have to be passed on to consumers as most companies do not have this kind of margin to absorb a 4 percent hike, Maruti chairman RC Bhargava says. He is not sure whether this price rise will have a demand impact, but believes it will not have a long-term impact.
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Ravi Pisharody told CNBC-TV18 that in the last two months, although on a low base, the company saw growth in excess of 20 percent.
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Kishore Biyani's two daughters Ashni and Avni too have followed their father's footsteps and are genNext entrepreneurs of repute lording over the company's food and fashion verticals. They like the digital space and are burning the midnight oil observing consumer behaviour in this space.
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In an interview with CNBC-TV18‘s Shereen Bhan, Ranjit Yadav, President - Passenger Vehicle Business Unit, Tata Motors, said the company‘s recent launch, Zest compact sedan, was off to a good start while the Bolt hatch based on the same platform would launch in January 2015.
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"We think the increase in investments in the road transport will help the commercial vehicle sector," Ravi Pisharody of Tata Motors told CNBC-TV18.
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Speaking to CNBC-TV18's Siam president Vikram Kirloskar said the two-wheeler space has improved tremendously and so have exports. "The auto sales are a mixed bag, while commercial vehicles continue to slow down," he said.
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"We have done a lot of consolidation to make sure that we operate as one company,†said Karl Slym, MD, Tata Motors.
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Additionally, Shethiya expects the tractor segment to show a robust performance in the days to come and says 10-12 percent tractor growth is achievable.
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The slowdown in the economy, proved by the GDP for Q1FY14 coming in lower than estimated, has impacted consumer spending, thereby hitting auto sales directly.
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Siddharth Lal, MD & CEO, Eicher Motors told CNBC-TV18 that The heavy duty vehicle is certainly an enormous focus in our new range and we expect it to take over around10-15 percent market share.
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Bertrand D'souza, Editor, Overdrive believes that the new car ‘Amaze‘ launched by the Japanese auto major Honda Motor will definitely cannibalise into Maruti‘s market share of Dzire and that of other car companies like Hyndai, Tata Motors Toyota etc.
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Credit rating agency CRISIL expects loans to Indian truck and bus operators show signs of weakness, which will be a first in nearly three years, underlining the scale of the slowdown in country‘s transportation industry as economic growth stutters.
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Tata Motors MD Karl Slym says, in an interview to CNBC-TV18, that the Indian business environment is gloomier than China and adds that Tata Motors will be reborn with its first product launch in 12 months.
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Even as auto companies are struggling with falling output and declining demand across the nation, demand for automobile loans still seems to be stronger in the rural areas.
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Ajay Shethiya of Centrum Broking estimates, on CNBC-TV18, that growth in auto volumes will moderate on continued weakness across the sector.
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In this week's edition of The Forbes India Show on CNBC-TV18, Hiroshi Nakagawa, MD and CEO, Toyota India says that the company will grow in India step-by-step and hopes the Budget will reduce interest rates, taxes and cheer consumer sentiment.
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Maruti Suzuki chairman RC Bhargava says, in the light of negative quarterly auto sales, the that the options are limited for the government with no possibility of providing tax-cuts on passenger-vehicles or even cut in fuel-prices. "The situation for the auto industry is very grim," RC Bhargava told CNBC-TV18.
