Automotive Axles posted a strong set of earnings in Q2 as volume growth by commercial vehicle players led to strong revenue growth while margins improved due to higher operating leverage as gross margins were maintained.
In an interview with CNBC-TV18, N Muthukumar, President and Whole Time Director of the company spoke about the results and his outlook for the company.
Market is growing and we are growing better than the market on back of the work we did in terms of launching new products and their penetration into the market, he said.
The said, the focus was also on capacity expansion.
"We see 2018-2019 to be a good year with government infrastructure coming up, goods and services tax (GST) is making it more easy for the automobile business to grow. We are confident of having a good growth, if not a double digit growth, for the next year too," said Muthukumar.For full interview, watch accompanying video...