Multi-pronged approach to maintain growth momentum
Meritor India is on a roll. The company is riding the growth wave in the CV industry, recording highly impressive growth figures during the last financial year as a result. With the upswing in the CV segment expected to continue, Meritor is bullish about its prospects.
We find out details from Mr. N.P. Thimmaiah, Managing Director and CEO, Meritor India.
Excerpts:
How was FY18 for your company? What were the major highlights of your performance during the year?
Last year had been an outstanding one for Meritor in terms of revenue performance and growth. We were able to grow our revenue by more than 25% YOY. This growth was fuelled majorly by the strong demand from the CV industry, our new product launches, increase in share of business with customers and efficient operational performance. Our commitment to meet customer expectations in terms of quality, delivery and new product development is what is enabling us to achieve this kind of steady growth year after year.
Two significant highlights of last year are the launch of slipper type suspension for medium duty trucks of 25T to 37T capacity used in line haul applications and a new state-of-the-art R&D facility being built in our Mysore facility to expand our current end-to-end validation capabilities in India.
What impact did the BS-III ban and GST implementation have on your company and on the CV sector as a whole?
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