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Automotive Axles hosted a
conference call on Nov 10, 2023. In the conference call the company was
represented by, Dr N Muthukumar –India Leader: Cummins - Meritor, Mr Nagaraja
Gargeshwari – President & Whole Time Director, Automotive Axles and Mr S
Ranganathan – Chief Financial Officer, Automotive Axles.
Key takeaways of the call
In FY24, management has
projected 3% growth in MHCV and LCV Production.
Ashok Leyland (company’s
biggest customer) gained additional market share by 3% in FY23 compared to FY22
and targets 35% in FY25. This auger well for company.
In Q2 FY24, company’s cost
saving initiatives and softening in commodity prices led to improvement in
margins.
Company plans to expand its
business with various customers, with the introduction of more innovative
products. Company has many new Products in Pipeline such as- MT 160 Tandem
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