The medium-term story of India has not changed and is reasonably intact in that it is one of the fastest growing large economies in the world.
PK Bansal, CFO, Omax Auto, in an interview to CNBC-TV18 said because of market conditions and their commercial vehicle unit not doing well, they will post lower revenues amounting to Rs 1,150 crore in FY13 compared to Rs 1,287 crore which they posted in FY12.
Omax Auto is rallying on strong earnings boosted by higher volumes. CNBC-TV18 spoke to the chief financial officer of the company P K Bansal on how they see the next fiscal panning out.