Retail car demand saw a pick-up this festive season. November sales are also looking ‘reasonably good’. The festival sales this year are certainly better than last year. So, overall if you add the sales for October-November, we will certainly have an improvement especially in retail figures, compared to what we had last year.

The recently-launched Baleno has been well accepted by the market. A waiting period of two months is expected in Baleno. The company will not be offering discounts on its new models, but will continue selling old models at discounted rates.

The management is optimistic of clocking in 12 % volume growth in the second half of FY16. The full year growth will be close to 10 %. Despite the uptick in demand, it will be difficult to go back to 20 % volume growth soon due to insufficient manufacturing capacity. On margins front, it is difficult to report high margins growth as various external factors like commodity prices and exchange rates come into the play.

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