The remaining six months of the current fiscal will be better than ever before, says Dheeraj Garg, MD, Steel Strips Wheels. Going forward, he sees growth across all segments - cars, exports, tractors, scooters and even the passenger car segment.
In an interview to CNBC-TV18, Dheeraj Garg, managing director of Steel Strips Wheels says, the company’s top-line will grow by close to 60% this year. “We should see a strong double digit growth going forward in the next three-five years,” he adds.
Auto ancillary player, Steel Strips Wheels expects interest rates to soften by fourth quarter and sees demand picking up ahead.
Steel Strips Wheels has bagged an order for 6 lakh wheels. The order is expected to generate revenues to the tune of USD 9 million over a five year span. The company, however, has scaled down their revenue guidance for this year.