Quotes 1 till 8 of 8.
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Diplomacy in a sense is the opposite of writing. You have to disperse yourself so much: the lady who comes in crying because she's had a fight with the secretary; exports and imports; students in trouble; thumbtacks for the embassy.
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From an operational perspective, exports challenge companies to design, develop, manufacture and supply products to discerning customers in global markets. This, in turn, motivates companies to scale up the value chain, which results in higher realisations.
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The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.
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The Indian business has largely grown on the back of exports. The domestic markets, as far as our Indian business is concerned, actually have contracted because of the contraction in the medium and heavy commercial vehicle space.
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We are living in a time when American popular music is finally being recognized as one of our most successful exports. The demand is huge.
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We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day.
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We have done a lot of work on cost reduction, getting ourselves lean, reducing our breakeven, reducing our fixed cost and increasing exports. All of these factors help because our export basket is not just automotive but also includes industrial products, railways and others.
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We manufacture automotive components including critical engine and axle parts for passenger cars, diesel engines and medium & heavy commercial vehicles. Till 1997, our focus was almost entirely on the domestic market with a relatively insignificant portion of revenues from exports.
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