Vivek Chaand Sehgal, Chairman, Motherson Sumi Group is very upbeat on the business outlook going forward.
In an interview to CNBC-TV18 from the sidelines of Motilal Oswal Global Investor Conference, he said demand scenario is very robust currently.
He said, the company also constantly looks at improving margins but margins are a part of return on capital employed (RoCE), so the focus is on RoCE.
He is confident of delivering 40 percent RoCE at the end of five year period.
Established in 1986, Motherson Sumi Systems, the flagship company of the Samvardhana Motherson Group, is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.
Talking about the outlook for the company, he said in the next one year they plan to have three new plants and aim to add around USD 1 billion to the topline in that timeframe.
In Q1FY18, the revenues for Motherson Sumi Systems were up 17 percent at Rs 13,194 crore versus Rs 10,624 crore for the same quarter last fiscal. The EBITDA was up 10 percent at Rs 1023 crore versus Rs 922 crore for Q1FY17.For the entire discussion, watch video