What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
Rajiv Batra is firm on the full-year guidance given by the company, but says it comes with a caveat – the implementation of these emission norms is still being absorbed by the market. Hence, he is on a wait and watch mode.
Cummins India reported strong third quarter earnings on the back of robust business growth. Rajiv Batra, CFO of the company spoke to CNBC-TV18 regarding the company‘s outlook for FY14.
Rajiv Batra, CFO of Cummins India, says that in the last few quarters we have seen a growth of 12-13%. There are sectors within the economy which are doing well. We expect a growth of 12-15% in FY13.
In an interview to CNBC-TV18, Rajiv Batra, chief financial officer of Cummins India says, he sees 5-10% revenue growth in FY12. “We always talk about a cycle of say about three to five years, we would commit to our 20% growth rates,” he adds.