Shares of Tesla have rallied by over 30% since the car maker run by Chief Executive Elon Musk posted its second consecutive quarterly profit last Wednesday, which was viewed as a milestone for the company competing against established heavyweights including General Motors Co and BMW .
Amritanshu Khaitan, MD of the company said flashlight and battery business was impacted due to demonetisation. However, both the businesses will show see huge growth in volumes in FY18.
Deepak Khaitan, Executive Vice-chairman of Eveready India joins CNBC-TV18 to talk about something other than their battery business in India. The company is sitting on sizable amount of land in Hyderabad and Calcutta.
Speaking to CNBC-TV, Deepak Khaitan, vice chairman of Eveready Industries, said that its battery business is going to be a growth driver for FY12.