- Last year has been challenging in terms of margins - Raw material prices have gone up - Revenue side has been positive
- Demon, GST, Anti duming duty has impacted Chinese imports in India. From nearly 30% of truck radial mkt they are down to 1/3rd of that
- RM costs still have some pressure on margins due to oil prices, carbon black availability - Causing challenge to bottomline
- Going forward seeing upwards momentum on both PV and CV side
- See double digit growth coming in Q1 and Q2
- Today demand is more than supply in terms of what we can cater to PV and CV segment
- Times on revenue side are good
- 60-65% sales comes from CV segment
- We have 28-29% share in truck bus radials
- Expect CV segment volume growth in high teens
- Capex - doubling capacity in chennai 6000 to 12000 tyres/day (Currently at 9000 tyres/day)
- Hungary plant - invested 500 mn euros - (Currently at 8000 tyres/day in PV); By Sept trying to reach 16000 tyres/day
- TBR tyres to be launched this May-June in Europe
- We have done very well in europe , gained mkt share there
- Signed with AP Govt - cannot say the amount of money to be invested - still at project stage
- Looking at building capacity of 16000 tyres/day in AP - but investments will start in FY20
- Free cash flows will come in from FY19-20
- Rubber prices - not been coming off - margins would be under pressure in Q4
- RM basket still remains challenge for us and the industry
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