Amid spiralling interest rates, auto remains one of the most beaten down spaces. In agreement to the same, Pawan Goenka, president of the automotive sector at M&M said while rising interest rate remains a concern for the auto and tractor segments, passenger vehicles too might see sluggish growth going forward.
"For FY12, our growth target stands at 11-13%," he said. However, he quickly added that he saw good growth in tractor sales.
Bazaar
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
.... Amid spiralling interest rates, auto remains one of the most beaten down spaces. In agreement to the same, Pawan Goenka, president of the automotive sector at M&M said while rising interest rate remains a concern for the auto and tractor segments, passenger vehicles too might see sluggish growth going forward.
"For FY12, our growth target stands at 11-13%," he said. However, he quickly added that he saw good growth in tractor sales.
Bazaar
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
"For FY12, our growth target stands at 11-13%," he said. However, he quickly added that he saw good growth in tractor sales.
Bazaar
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
.... Amid spiralling interest rates, auto remains one of the most beaten down spaces. In agreement to the same, Pawan Goenka, president of the automotive sector at M&M said while rising interest rate remains a concern for the auto and tractor segments, passenger vehicles too might see sluggish growth going forward.
"For FY12, our growth target stands at 11-13%," he said. However, he quickly added that he saw good growth in tractor sales.
Bazaar
Excerpts from Bazaar on CNBC-TV18 Watch the full show »
No comments:
Post a Comment