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Automotive Axles hosted a
conference call on Feb 5, 2024. 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 FY25, management expects
M&HCV segment to remain flat in terms of number of vehicles. However, it
expects tonnage to grow.
Company continues to focus on
cost reduction and profit improvement initiatives. Management expects no major
impact on margin due to commodity price volatility.
Company is constantly adding
new products in its portfolio, which is leading to growth in exports. Company also
plans to expand its business with various customers.
Company is looking at
remanufacturing of axles to focus on reduci...
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