The M. K. Sanghi Group

Assocham Sees over 7% Growth
India Info Line, July 2005
Considering the overall economic condition of the country with the industry growing at double digit growth rate and the improved investment climate, the GDP growth in the country should remain well above 7%," says M K Sanghi, President, ASSOCHAM.

Chamber urges review of prototype laws
19 June, 2005, Sify.com
Assocham President M K Sanghi said annulment of ULCA and rationalisation of property tax had become a necessity in most states and increased economic activities in the wake of such liberalisation could fetch several lakh crores in terms of volume for them.

India Inc. Cheers as Ambani Battle Ends
Economic Times, June 18, 2005
had made a special place for itself in the national and international market and a "peaceful solution" to the property ownership dispute was necessary to send a positive signal to investors. The settlement will give tremendous boost to the capital market and uplift the morale of investors who had parked their surpluses in Reliance Group, besides encouraging the investors to rebuild their confidence in Reliance," he added.

India Inc Calls For Cushion Against Monsoon Setback
16 June, 2005
"Although we are hopeful of revival of rains, certain preemptive measures like food stock management will give the required cushion against the monsoon setback impacting the overall GDP growth," Assocham President M K Sanghi said.

Assocham seeks economic pact with Gulf
Economic Times, June 6, 2005
The execution of this agreement would facilitate smoother movement of Indian exports to Gulf States with virtually zero import or at the most at concessional import duties of about 5 per cent, chamber president M K Sanghi said in a release.

Doubling service tax list to add Rs 60,000 cr to govt kitty
May 30, UNI
Assocham President M K Sanghi said in future, the service tax is expected to be structured in such a fashion that it will have the potential to even replace the customs and the excise duties and become a major source of revenues.

Industry chamber Assocham favours shift in India Japan trade ties
PTI, Apr. 25, 2005
"The ODA based relationship has not strengthened the weight of our currency, rather weakened it. The time has come when India aggressively campaign for FDI based relationship," the chamber's President M K Sanghi said in a paper ''India-Japan Economic Relations'' Steady Past Bright Future''.

India Inc Welcomes Budget
Sify Business, Feb 28, 2005
Sanghi said "This is not a dream budget but overall a good budget. Measures announced for the rural sector, infrastructure, creation of jobs are positive steps."

Sanghi Motorcar receives the Best performers award by Mercedes-Benz
Value Web India, February 23, 2005
Mr. Vaibhav Sanghi, Director, Sanghi Motorcar Co. stated "The Company has recorded a 25% growth in sales in 2004 and during the year also became operational in Nagpur for sales and service. This would help the company capture business from the upcountry market. We are also confident of better results in 2005 given the overall positive growth of the Indian economy."

Discounts Drive Car Finance Rates Under 10%
The Financial Express
Indiacar CEO and owner of Maruti dealership Vitesse Ashwin Sanghi feels that as far as the B and C segments are concerned, the rates are very competitive. He, however, added that while April had been very sluggish in terms of car sales, the initial indications for May show a revival.