Speaking to CNBC-TV18, Yogesh Munjal, MD of Munjal Showa said demonetisation impact has started waning off and things should return to normalcy soon.
After seeing increased demand for scooters in rural areas, the company has increased its capacity by about 10 percent, Yogesh Munjal, MD of Munjal Showa told CNBC-TV18
Yogesh Munjal, MD of Munjal Showa, says in the fist half of this fiscal year, there was no demand for motorbikes from rural India. But it picked up in the festive season and the company is prepared for a good second half.
Yogesh Munjal, MD, Munjal Showa Limited says margins should expand if demand is strong. He expects 11 percent revenue growth in FY15.
Workers at auto component-maker Munjal Showa Ltd's Manesar plant resorted to a strike today that hit production, an indicator that the labour unrest at Maruti Suzuki India's unit in the region is spreading to surrounding areas.