Europe demand strong; exports to lead growth: Bharat Forge

Amit Kalyani, ED, Bharat Forge dismisses any talks of a recession in European countries saying the company is infact witnessing a completely contradictory situation.

Speaking to CNBC-TV18, Kalyani says the company's truck sales have been very strong and heavy-truck registrations were up 17 percent in the Jan-May period.

"We have healthy numbers in these markets and hence we are getting into newer segments," he adds. The company, however, doesn't see too much of an effect of business owing to the Greek crisis as it isn't a large market for the company.

Back home, Kalyani expects exports to lead the company's growth and expects a 20 percent growth in the commercial vehicle market.