'Minda Industries held its conference call on 16 May 2019.
Highlights of the call:
Minda Industries Limited is a flagship company of UNO MINDA Group.
UNO MINDA, a technology leader in Auto Components Industry is a leading supplier of proprietary automotive solutions to OEMs as Tier-1.
Auto Industry for the year FY19 had been a mixed bag, industry witnessed weak demand environment in 2nd half of 2018-19, mainly due to regulatory challenges, higher insurance cost, tight liquidity, hardening of crude prices.
Over medium to long term company expects Auto industry to grow in the range of 6-8%.
Starting FY 2020 automobile sales is witnessing a weak demand and most OEMs have reported decline in April 2019. Accordingly, H1 of FY 20 likely to be subdued and recovery is expected in H2 of FY20 on hopes of normal monsoon, pre buying before the deadline of BSVI implementation coupled with new product launches.
The company continued with...
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