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September 04, 2011

Steel Strips Wheels eyes 20% topline growth this year

Auto ancillary player, Steel Strips Wheels expects interest rates to soften by fourth quarter and sees demand picking up ahead.

Citing the growth outlook, Dheeraj Garg, managing director, Steel Strips in an interview to CNBC-TV18 said, "Operating margins will be better than last year because our product mix has shifted to trucks and tractor wheels."....
Auto ancillary player, Steel Strips Wheels expects interest rates to soften by fourth quarter and sees demand picking up ahead.

Citing the growth outlook, Dheeraj Garg, managing director, Steel Strips in an interview to CNBC-TV18 said, "Operating margins will be better than last year because our product mix has shifted to trucks and tractor wheels."

In terms of the topline, the company is eyeing 20% growth over last year based on its performance in August. "We will still maintain growth for the whole year at about 20%," he added.
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