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Net Sales are expected to increase by 20.3 percent Y-o-Y (up 34.5 percent Q-o-Q) to Rs. 1,010 crore, according to HDFC Securities.
In an interview to CNBC-TV18 after reporting its fourth quarter earnings, Firodia said the traveller products division did very well with vehicles business contributing about 70 percent to growth and balance 30 percent coming from the engines business.
In an interview with CNBC-TV18, Ramesh Suri of Subros said that the passenger vehicle market is gaining traction while the company‘s biggest client Maruti has seen a good respose to Baleno and S-Cross.
Prasan Firodia, MD, Force Motors, says the van segment is seeing steady growth, while the traveller product has seen 21 percent growth in the nine months of FY16.
In an interview to CNBC-TV18, Prasan Firodia, managing director, Force Motors shares his views on the company‘s numbers.