Anand Pandit
Managing Director and Chairman
Notable Quotes
We are in ultra luxury segment. So as far as ultra luxury segment there is a very strong demand even right now and we feel that everyone who were earlier into lower segment occupying houses in the lower segment they also want to go to and shift to ultra luxury segment.
What differentiates Lotus is not merely growth but the quality of growth. We continue to operate with a strong profitability supported by healthy margins, robust returns ratios and a net cash balance sheet.
Marketing spend as I said it could be even less than 1%. But again against that we will be having our lot of direct customers also. So that will take care about not paying other commissions.