Will see 5-10% domestic growth in FY19: Cummins India

Cummins India posted a weak set of earnings in Q3 as poor exports and lower margins impact results. In an interview to CNBC-TV18, Rajiv Batra, CFO of Cummins India spoke about the results and his outlook for the company.

Batra said that we are seeing no progress in capital investment cycle.

He further said that power generation revival may be two-three quarters away.

Industrial market is doing well; we saw sequential growth of over 23 percent, he added.

We are seeing tailwinds from government spend in industrial segment, said Batra.

We expect 15-20 percent growth in FY18 in industrial segment and we will see 5-10 percent domestic growth in FY19, he mentioned.

Batra further mentioned that we not seen much impact of goods and services tax (GST) on industrial segment.

For entire interview, watch accompanying video.