Manoj Kolhatkar, MD, Gabriel India sees early signs of recovery in the auto sector, especially in the M&HCV segment. The company being able to repay all debt barring public deposits sees further green shoots.
According to him, reduced working capital debt and consequently interest expense will lead to higher profit before tax.
Currently, exports contribute only 4 percent to overall business of the auto ancillary player.Going ahead, the company is confident of increasing exports, he says in an interview to CNBC-TV18.
Gabriel India recently signed a license agreement with Netherland based company KONI to develop and manufacture shock absorbers for all types of cars and commercial vehicles.
With its presence across India in luxury vehicles, it aims to grow with increased focus on Indian luxury bus and commercial vehicles segment.
The company has rallied 250 percent in 2014.
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