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GNA Axles says targeting 35% growth in exports to North America truck market

Updated : September 10, 2018 01:19 PM IST

Ranbir Singh, president and CEO GNA Axles, spoke to CNBC-TV18 about the company's business plans and shared outlook.

“North America market’s growth is pretty high and it is a very strong market. GNA Axles is taking the advantage. Our export percentage is around 15 percent of the total sales and in North America, till today our export growth is around 40-45 percent. However, overall this year we are targeting growth of over 35 percent in North America,” he said.

“Rupee depreciation has not affected our bottomline. On the other side, steel prices are going up and dollar is compensating that and our margins are intact,” Singh added.

“Now capacity utilisation is around 82-83 percent. We have increased our topline targets, earlier I have declared between 15 percent and 20 percent and now we are saying it will be over 30 percent topline growth in this fiscal year,” said Singh.
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