The Nifty churns were almost 50 percent or higher over a decade compared to 25-30 percent seen in the developed markets. Significant emergence of new industries like IT and telecom led to a lot of churn in the index.
India's second largest two-wheeler maker Bajaj Auto's total sales in April declined 10 percent year-on-year to 3.44 lakh units, as sales remained sluggish in the domestic market and exports also slipped.
Bajaj Auto, MD, Rajiv Bajaj told CNBC-TV18's Ronojoy Banerjee there are a slew of launches in pipeline and see little or no competition in the sports-bike segment.
Rajiv Bajaj, MD of the company feels the market for auto sector remains quite challenging and expects growth in April-June to be between 0 and -5 percent.
Bajaj Auto, India's second largest two-wheeler maker, will increase prices in the international market, post the duty drawback cut, Rajiv Bajaj, MD said on Tuesday.
The government has reduced the export duty drawback from 5.5% to 2%. In an interview to CNBC-TV18, HS Goindi, president-marketing at TVS Motor says the company is assessing the situation post 3% duty drawback cut. "We may look at raising prices in the international markets," he adds.
The country's largest two-wheeler exporter Bajaj Auto announced a strategic alliance with Japanese Kawasaki in an effort to penetrate deeper into new markets.
HS Goindi, president marketing, TVS Motor told CNBC-TV18 that the company aims to grow at the rate of 8-10% for the whole year
Vivek Nayer, senior vice president- marketing, automotive division, M&M spoke to CNBC-TV18 about the growth outlook of the company post the decent December sales number.
Venu Srinivasan, chairman and managing director of TVS Motor expects to see a slowdown post the festive season for the auto industry. The rising fuel costs and soaring interest rates are forcing automakers in India to revisit their ambitious growth plans.
In an interview on CNBC-TV18, president-marketing of the two-wheeler major, HS Goindi said given the current market conditions, the company was confident of maintaining its volume growth target at 15% for the rest of fiscal 2012.