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Plans to infuse more capex across all segments, says Mahindra CIE Automotive

Updated : July 19, 2018 12:31:21 IST

Mahindra CIE Automotive on Thursday said the company is planning to infuse more capex across all segments and there is no plan to raise funds going ahead, after reporting a strong set of Q2 numbers.

In an exclusive interview to CNBC-TV18, Hemant Luthra, chairman, said, "If you get 26 percent year-on-year growth, you have a serial growth between last quarter and this one. Earnings before interest, taxes, depreciation and amortisation (EBITDA) is up 44 percent, consolidated numbers are up between 25-30 percent in revenue and about 30 percent in EBITDA. So, we are confident that this momentum will continue."

Luthra said Mahindra CIE Automotive is outpacing growth by miles as investments made by the company in the past is assuring the customers.
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