In an interview to CNBC-TV18, Vikas Gupta, ED of PG Electroplast spoke about the latest happenings in his company and sector.
The company has maintained its leadership position with regards to market share, said Pradeep Bakshi, President & COO, Unitary Products Biz Group, Voltas.
The economy has seen signs of a capex cycle recovery off late with stocks like Larsen and Toubro (L&T) surging over 30 percent in 2017 so far while Voltas has gained 53 percent. On the side-lines of Citi India Investor Conference, Anisha Jain of CNBC-TV18 caught up with Venkatesh Balasubramaniam, Director-Capital Goods and Construction, Citi India and MV Gowtama, the CMD at Bharat Electronics.
Summer will bring respite to the company‘s cooling appliances especially air conditioners, said Pradeep Bakshi, President & COO â€“ Unitar Products Business Group & Mining & Construction Equipment division at Voltas.
Demonetisation has taken a toll on consumer durable industry, says Pradeep Bakshi of Voltas.
IT stocks were down this morning on back of Donald Trump commenting that he will not allow Americans to be replaced by foreign workers. Demonetisation back home is a distress for many sectors. Mukul Kochhar of Investec Capital says that demonetisation & Trump victory are the two factors playing out in markets.
Thermax MD MS Unnikrishnan said the industry may not see a full recovery in sectors like power, cement, steel, oil and gas and fertilisers.
The company has not cut or raised prices and is offering extended services along with financial easing to aid customers buy its products using Equated Monthly Installment (EMIs), says Pradeep Bakshi, Executive Vice President & COO, Voltas.
Pradeep Bakshi, President & COO â€“ UPBG & MCED, Voltas acknowledged that certain smaller players in the industry have cut prices by 15-20 percent, but said Voltas may not follow suit. He, however, did not rule out offering other freebies like extended warranty to push sales.
Speaking to CNBC-TV18, Pradeep Bakshi, President & COO- Unitary Products Business Group & Mining & Construction Equipment Division of Voltas says that the industry to grow at 10-20 percent level in FY16.
Pradeep Bakshi of Voltas is not expecting any price increases for air conditioners in the near-term.
Voltas, India‘s leading air conditioner brand, has planned to foray into the air coolers business.
B Thiagarajan, ED, Blue Star says the air conditioners market is set for an explosive growth over the next five years
Pradeep Bakshi, executive vice president and COO, UPBG, Voltas told CNBC-TV18 that though the industry is going through a phase of slowdown, the company is gaining momentum.
Industry expert MM Miyajiwala feels that the competition, in the capital good segment, has certainly intensified. "Dips in margins are likely to be seen across the capital goods sector," he warned.
MM Miyajiwala, Executive VP & CFO, Voltas spoke about the quarterly performance of the company and the road ahead. The company's current order book stands at Rs 4,900 crore.
In an interview with CNBC-TV18, MM Miyajiwala, Executive VP and CFO, Voltas says, there has been some pressure on the sale of ACs, not only for Voltas, but for all the players in the industry, he adds.
In an interview with CNBC-TV18, MM Miyajiwala, executive vice president and CFO of Voltas, spoke about his reading of the IIP numbers and his outlook.
In an interview with CNBC-TV18, M Miyajiwala, executive vice president and CFO, Voltas says, he is very bullish about the growth in AC market.
MM Miyajiwala, Executive VP & CFO of the company, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about business in the Middle East and his expectations from the finance minister in the budget.
Speaking to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, MM Miyajiwala, executive vice president and CFO at Voltas said lower margins in international markets is not a cause for concern for the company.