Minda Industries in talks with 2-wheeler makers for supplies, says CEO
Auto ancillary company Minda Industries was awarded the most promising company of the year award at CNBC-TV18's India Business Leader Awards (IBLA) last week. NK Minda, CMD of Minda Industries, spoke about the company's business plans and growth outlook.
Auto ancillary company Minda Industries was awarded the most promising company of the year award at CNBC-TV18's India Business Leader Awards (IBLA) last week. NK Minda, CMD of Minda Industries, spoke about the company's business plans and growth outlook.
“Our per car kit value is going to increase multifold because of environmental norms and safety,” Minda said on Monday.
“We are in auto component sector and margins are always under pressure from vehicle manufacturer but when we are launching new products, there is always an opportunity for better margin,” he added.
According to him, two-wheeler alloy wheel market is a Rs 3,500 crore opportunity.
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