Expecting strong numbers from export business in coming quarters.: Harsha Kadam, Schaeffler India

economictimes.indiatimes.com:

«If I were to look at the production and sales numbers of, let us say, the automotive OEM segment, particularly the passenger vehicles, both the sales and the production numbers for the month of August show an increase of almost 12% over the same period last year,» says Harsha Kadam, MD & CEO, Schaeffler India.

Let us start off with the acquisition. What kind of revenue and margin impact do you see?
Well, at the point time when we made the acquisition, Koovers already had a turnover of about Rs 77 crores and we have bought the company at about 140 odd crores. And we have a clear strategy to scale this up and as I mentioned earlier, today Koovers is operating only in the South of India and we want this to be scaled up to a pan-India level. So, obviously this can only mean an upward growth in the sales volumes.

But last quarter you did see strong performance in the auto aftermarket and industrials, which was partly offset I guess by the muted show in auto OEMs. Are you seeing any recovery in that segment?
If I were to look at the production and sales numbers of, let us say, the automotive OEM segment, particularly the passenger vehicles, both the sales and the production numbers for the month of August show an increase of almost 12% over the same period last year.

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But we are still not seeing the similar kind of increases whether it is in the two wheeler segment or in the tractor segment. And, in spite, of this 12% growth in a month of August, our own Schaeffler business has