In an interview to CNBC-TV18, Ranbir Singh, President & CEO of GNA Axles spoke about the results and his outlook for the company.
Weakness in North American commercial vehicle (CV) segment has impacted company’s Q4 performance in FY17, he said.
"This year onwards, we are expecting 40 percent growth in North America and 20 percent growth in Europe", said Singh.
The company is targeting 13-15 percent growth in FY18 if domestic market will perform better.
They are not looking at significant improvement in margin in Q1FY18, he further added.
The company has got two purchase orders, one is a new business from Meritor HVS AB and another one is a spindle business from Dana Limited.
For full interview, watch video...
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