Venugopal Dhoot, chairman and managing director of Videocon Industries says that the consumer durables market has been expanding and the industry is expected to grow 15% this month. “It appears that 75 bps cut in CRR might give some interest rate reduction and also money flow so that consumers will start buying on finance basis,” he says.

No plans to sell Mozambique asset now: Videocon

Royal Dutch Shell Plc has made an agreed 992.4 million pounds bid for Mozambique-focused Cove Energy. Venugopal Dhoot, chairman and managing director of Videocon says, the company doesn’t have any plan to sell this Mozambique asset at such a low price.

See good growth in consumer durables in Aug-Oct: Videocon

Industrial output numbers for June has beaten street expectations coming in at 8.8%. However, the growth of 1.3% in consumer durables is very poor compared to 5.2% the last month.

Expect decision on demerger next quarter: Videocon

In an interview with CNBC-TV18, Venugopal Dhoot, CMD, Videocon said the company’s board of directors has made a committee and that committee will take a decision on demerger. He expects the decision to take place in the next quarter.

Consumer durable may see 30% growth in May: Videocon

Venugopal Dhoot, CMD of Videocon, in an interview with CNBC-TV18's Sonia Shenoy and Anuj Singhal, spoke how the IIP numbers would affect his company and what are their growth prospects going forward.