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.
The government has decided to extend a tax break for exporters beyond a June 30 deadline. HS Goindi, President Marketing of TVS Motors, said that a three-month extension on DEPB will prove as a positive move for industry, however, he feels that more details are required from the government on the same.
Rajiv Bajaj, MD, Bajaj Auto and HS Goindi of TVS Motor spoke to CNBC-TV18 about the impact the withdrawl of the duty entitlement pass book (DEPB) scheme could have on two-wheeler stocks.
HS Goindi, president marketing of TVS Motors told CNBC-TV18 that he expects the auto industry to grow at a rate of 15-18% in 2011-12, despite inflationary pressures settling in.
In an interview with CNBC-TV18, Venu Srinivasan, CMD, TVS Motors says, there is no negativity in this budget. “The most important direction is that fiscal deficit will come down to 4.6%,” he adds.
Excise duty on automobiles could be hiked by 2% in the forthcoming budget, feels Venu Srinivasan, chairman and managing director, TVS Motors.
HS Goindi, President Marketing of TVS Motors, in an interview on CNBC-TV18 said that for 2011-12, he expects the company to grow at about 14-15% CAGR, even though in the long-term he doesnt see this growth remaining sustainable.