Indian auto ancillary sector is in focus on the back of increase in demand expected from auto companies through new car launches. Ramesh Suri, chairman of Subros and Neeraj Munjal, MD of Shivam Autotech in an interview to CNBC-TV18's Latha Venkatesh and Sonial Shenoy spoke about the outlook for sector and companies going forward.
According to Suri, the company is on track to meet the future requirements of auto companies for their new launches and sees a 10 percent growth for auto sector in the mid-term. Munjal says, the company has already invested heavily into new plants in Bangalore and Rohtak to meet the pick up in demand for two wheelers and four wheelers post monsoon and upcoming festive season.
Munjal is confident of a 20 percent growth in revenues for the company both in FY16-FY17 but says margins could remain under pressure due to increase in investments for new product developments.
Subros is largest automotive air conditioning manufacturer in India, while Shivam Autotech, a Hero Group company (formerly known as Munjal Auto Components) is mainly into manufacturing and marketing auto components.
Read more at: http://www.moneycontrol.com/news/business/car-launches-to-boost-demand-for-auto-component-cos-pros_2231521.html
According to Suri, the company is on track to meet the future requirements of auto companies for their new launches and sees a 10 percent growth for auto sector in the mid-term. Munjal says, the company has already invested heavily into new plants in Bangalore and Rohtak to meet the pick up in demand for two wheelers and four wheelers post monsoon and upcoming festive season.
Munjal is confident of a 20 percent growth in revenues for the company both in FY16-FY17 but says margins could remain under pressure due to increase in investments for new product developments.
Subros is largest automotive air conditioning manufacturer in India, while Shivam Autotech, a Hero Group company (formerly known as Munjal Auto Components) is mainly into manufacturing and marketing auto components.
Read more at: http://www.moneycontrol.com/news/business/car-launches-to-boost-demand-for-auto-component-cos-pros_2231521.html
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