“We will have to wait and see how the agriculture and rural economy plays out over the next 6 to 12 months. But even apart from that, I think the domestic two-wheeler demand has been reasonably good and I think that is not going to really change too much in the next 12 months.”
“We expect a growth slowdown in 2024 globally, out of Europe and the US and we believe that is going to affect the external environment for India and slow down activity a little bit in FY25. But beyond that, we continue to expect pretty strong growth out of India nearing the 6.5-7% mark.”
“With commodity prices falling, we are going to see margins increase. From an overall situation, I would rather see that the consumption pack sacrifice margins for growth at this stage because that will have a multiplier effect on their own business and the economy. Getting growth back is positive because capacity utilisation has kind of frozen.”
“You want to see a government which is looking more stable. It can be a coalition government, but it should be a more stable coalition versus a weak coalition environment where the lead party doesnt have enough seats to hold together a coalition which is going to implement the long term strategies to revive private investment and give that continuity of policy to the corporate sector.”
“You cannot keep on changing your investment strategy so much as these foreign brokerages keep on doing where they keep on reacting to news and selling and buying stocks. So we have to pre-empt these moves. We need to monitor the asset quality over the next couple of quarters to see whether the risk actually plays out or not. If the risk does not play out, then at some stage, Bajaj Finance will become a buying opportunity.”