RP Group is expecting to clock revenue of Rs250 crore in 2018-19.
The group may close 2017-18 with revenues between Rs160 crore and Rs170 crore. Seat cover business contributes around 70 percent of the group’s revenues.
The company has six other plants in Uttarakhand and one in Chennai, with a production capacity of 60,000 to 65,000 seat covers a month. According to Gandhi, Autoform has eight to ten percent share in the Indian seat cover market. Out of its OEM clients, six are two-wheeler companies and 14 are car companies. They include Honda, M&M, Hyundai, General Motors, Fiat, Nissan, Volkswagen, Yamaha, Skoda, Mahindra Renault, Tata, Suzuki and others.
“Our business segment is mostly fragmented, but we don’t want to be part of the rat-race and to compromise on quality and price. We will continue to focus on medium and high range,” he said. On the revenue front, around 65 percent business comes from OEMs and the rest from after market. The company is currently exporting to Dubai and Saudi Arabia and will venture into Sri Lanka, Bangladesh and Vietnam soon, Gandhi said.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Continental Unfolds Systems, Products For New Mobility
Technology is fast evolving in every sphere of life, especially industry. The big challenge is where to stop and make it commercial, viable and profitable. In the automotive sector the manufacturers are more constrained as the factors of development are complex and triggered extrinsically by the regulators and consumers. They compel the principal automotive suppliers to run ahead and bring about relevant and acceptable technologies.
New Mobility Newer Challenges
The Paris Agreement is to limit global warming to less than two degree Celsius above the preindustrial levels.
New Technologies
To Redefine Future Of Mobility
Meritor India's New Axle Assembly Facility To Expand Product Portfolio
The new axle assembly facility along with a state-of-the-art research and development centre in Mysore at Automotive Axles, Meritor India’s JV with Kalyani Group, will also utilise its capacity and capability for its global requirements.
Airbus
Adept At Managing Complexities Of Extensive Outsourcing, Supply Chain
Hyundai Motor India Fine-Tunes For Production Ramp-Up
YK Koo, Managing Director and CEO, Hyundai Motor India Ltd (HMIL), has reasons to cheer as the company’s production capacity has been on the rise since he took over in November 2015.
Wheels India Engineers Solutions For OEMs
Chennai-headquartered Wheels India, part of the TVS Group, is planning to manufacture cabins for construction and mining equipment.
Omron Offers 3-i Concept For Smart Manufacturing
Omron, a global leader in advanced automation, sensing and control technology, with its 3-i concept provides comprehensive solution for smart manufacturing and enables companies to make world-class in India, meeting Industry 4.0 expectations.
Autoform To Set Up New Plant In Gujarat
RP Group is expecting to clock revenue of Rs250 crore in 2018-19.
Corteco Sees India As Big Market For Growth
Corteco India Private Limited, part of Corteco Global, the sales organisation of the Freudenberg Group specialising in parts for the independent automotive aftermarket, expects significant growth in India.
