Things have improved in Europe, but the problems still exist. In an interview to CNBC-TV18 Anil Gupta, joint managing director of Havells India says Europe remains sluggish, but other markets are holding up. "Our market share has improved in Europe," he asserts.
Anil Gupta, joint managing director, Havells India speaking to CNBC-TV18 about joint venture said that the company already had research and development base in China but wanted a good manufacturing base to support its global requirements.
Commenting on Crompton’s fears of being on the eye of a storm of falling consumer demand, Anil Gupta, joint managing director of Havells India, trading in the same sector, says the phenomenon will for only last one quarter.
In an exclusive, Anil Gupta, joint managing director, Havells India joins CNBC-TV18 to discuss the effect on profits from decreasing demand in Europe. Philips recently issued a statement saying profits will be hit for them. "This is irrelevant for Havells since only 20% of the consolidated revenue comes from the region," the Jt MD assures.
In an interview with CNBC-TV18, Anil Gupta, Jt MD, Havells India spoke on the company's business plans going forward.