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Slowdown will catch up with motorcycle sales: Rajiv Bajaj
Published on Wed, May 04, 2011 at 12:26 | Source : CNBC-TV18 | Updated at Wed, May 04, 2011 at 22:30
There is a possibility of the duty entitlement pass book (DEPB) scheme being withdrawn, according to reports coming in that the finance minister is against prolonging the scheme.
Rajiv Bajaj, MD, Bajaj Auto and HS Goindi of TVS Motor spoke to CNBC-TV18 about the impact this move could have on two-wheeler stocks.
Below is a verbatim transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. For the complete details watch the accompanying videos.
Q: If indeed the DEPB scheme were to be withdrawn, what kind of impact would it have on your earnings?
Bajaj:Q: This is just a media article that we are reacting too on the basis of which some stock reactions have taken place. Are you privy to anything about what is going on in Delhi?
Bajaj:Q: Where are exports profitability levels at for Bajaj Auto right now and assuming this is removed, what kind of impact would it have on your profitability for your export side?
Bajaj:
Goindi:Q: Have you worked out any numbers on how much the impact could be if indeed there was some kind of dilution or withdrawal of the scheme?
Goindi:Q: You had good April numbers but we just heard a very circumspect Ashok Leyland talking about such high interest rates actually crimping demand a lot. Have you seen or any evidence of demand slowing down at all from anecdotal evidence?
Bajaj:Q: You want to come on that point about domestic sales? Are you bracing yourself now for a significant slowdown in volume offtake?
Goindi:Source : Slowdown will catch up with motorcycle sales: Rajiv Bajaj - CNBC-TV18 -
There is a possibility of the duty entitlement pass book (DEPB) scheme being withdrawn, according to reports coming in that the finance minister is against prolonging the scheme.
Rajiv Bajaj, MD, Bajaj Auto and HS Goindi of TVS Motor spoke to CNBC-TV18 about the impact this move could have on two-wheeler stocks.
Below is a verbatim transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. For the complete details watch the accompanying videos.
Q: If indeed the DEPB scheme were to be withdrawn, what kind of impact would it have on your earnings?
Bajaj:Q: This is just a media article that we are reacting too on the basis of which some stock reactions have taken place. Are you privy to anything about what is going on in Delhi?
Bajaj:Q: Where are exports profitability levels at for Bajaj Auto right now and assuming this is removed, what kind of impact would it have on your profitability for your export side?
Bajaj:
Goindi:Q: Have you worked out any numbers on how much the impact could be if indeed there was some kind of dilution or withdrawal of the scheme?
Goindi:Q: You had good April numbers but we just heard a very circumspect Ashok Leyland talking about such high interest rates actually crimping demand a lot. Have you seen or any evidence of demand slowing down at all from anecdotal evidence?
Bajaj:Q: You want to come on that point about domestic sales? Are you bracing yourself now for a significant slowdown in volume offtake?
Goindi:Source : Slowdown will catch up with motorcycle sales: Rajiv Bajaj - CNBC-TV18 -
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