While the company launched sport utility vehicle (SUV) Celerio earlier this year at the Auto Expo, RC Bhargava, chairman, Maruti Suzuki expects the small-petrol car segment to see maximum demand.
Sentiment is definitely beginning to revive, but it will take some time to reflect in demand, says RC Bhargava, chairman, Maruti Suzuki .
Bhargava expects demand to pick up this year because of a stable government at the Centre. He estimates growth to be around 9-10 percent.
"This year is going to be good for launches as we are optimistic of a higher growth rate," he said in an interview to CNBC-TV18's Latha Venkatesh and Sonia Shenoy, adding that his company would be able to maintain margins because of a firm rupee and indigenization.
While the company launched sport utility vehicle (SUV) Celerio earlier this year, Bhargava expects the small-petrol car segment to see maximum demand.
Also read: Maruti launches CNG variant of Celerio at Rs 4.68 lakh
"Diesel cars may not see a significant pickup owning to the fuel's price and the possibility of the government hiking prices to lower its subsidy burden," he said.
Below is the transcript of RC Bhargava's interview with Latha Venkatesh and Sonia Shenoy on CNBC-TV18.
Sonia: Many brokerages are talking about a scale up of almost about 8-10 and even 15 percent in terms of growth for Maruti in FY15. What kind of realistic growth do you think Maruti could eek out in the coming fiscal?
A: Our earlier projection of growth - before the new government came - was only about 4-5 percent. But we have always maintained that if we got a good, stable, strong, development minded government after the elections which is not dependent on coalition politics, we would see a step up in the demand both because of sentiment and then in the course of the year when new policies and actions were taken. Sentiment is already beginning to change though we will know the impact of that maybe in a month's time.
As far as the new policies are concerned, I think they will take a little time to play through in terms of their impact on demand but I would not be surprised if this year demand goes up to 9-10 percent.
Maruti Suzuki stock price
On May 28, 2014, at 11:13 hrs Maruti Suzuki India was quoting at Rs 2293.20, down Rs 12.65, or 0.55 percent. The 52-week high of the share was Rs 2505.30 and the 52-week low was Rs 1217.00.
The company's trailing 12-month (TTM) EPS was at Rs 92.13 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 24.89. The latest book value of the company is Rs 707.16 per share. At current value, the price-to-book value of the company is 3.24.
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