Automotive market to grow by 7-8% next year and the company is expecting a 15% revenue growth in FY19, said Abhishek Jain, CEO & MD of PPAP Automotive.
“Main objective of the company is spare part sales. Tool sales happen as and when a new car model is launched in the Indian market. So, spare part sales are supposed to be robust going forward,” said Jain.
Talking about electric vehicles, he said, “The products that we make are neutral to the kind of engines that is used in a vehicle, so be it internal combustion (IC) engine or electric vehicle, our products are going to be used in any sort of vehicle that is being produced.”