Suprajit Engineering’s CMD Ajith Rai tackles the question from various angles
In an interview to CNBC-TV18, Ajith Rai, Chairman and Managing Director of Suprajit Engineering, world’s largest two-wheeler cable maker said the company will outperform industry growth rate backed by robust automotive exports.
Expect domestic business to be around 55 percent and international around 45 percent in FY18, said Ajith Rai, CMD, Suprajit Engineering.
Watch the interview of Ajith Rai, CMD of Suprajit Engineering to CNBC-TV18 in which he spoke about the results and his outlook for the company.
Suprajit Engineering reported a solid set of earnings in Q1 with strong revenue growth of 64 percent.
Ajith Rai, CMD, Suprajit Engineering says exposure to euro will benefit the company as significant part of its overseas business is in Europe but will not affect much as core of its business is still Indian automotive.
Ajith Rai of Suprajit Engineering says while Q3 hasn‘t been as good as H1, he expects the company to outperform industry by atleast 5-10 percent in FY15.
Bangalore based Suprajit Engineering, with a turnover of Rs 500 crore, is India‘s largest manufacturer of automotive cables and world‘s largest for two-wheeler cables. Founder Ajith Rai articulates his strategies that saw Suprajit engineering become the market in India and growing at twice the market rate.
Ajith Rai of Suprajit Engineering believes the company has done extremely well in Q3 and will continue to do so in Q4, given the trend in exports, in after market sales and the non-automotive segment.