Suresh Kalyan, CFO of Amara Raja Batteries (ARBL), in an interview with CNBC-TV18's Reema Tendulkar and Ekta Batra, feels that the replacement market has much better margins compared to OEM market.
Kalyan said, "Presently, OEMs are very critical for product development, quality and efficiency improvement. We would like to focus on both, the OEMs and replacement business." "However, the margins from replacement markets would be quite attractive compared to OEMs," he added. Below is the verbatim transcript of the interview. Also watch the accompanying video. Q: There has been a lot of shift towards the replacement market and a majority of your sales have come from that segment. Can you take us through the trends with regards to what you are seeing in the replacement market vis-
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