We made 133.4 crore this year vis-à-vis last year’s 100 crore S. Shakti Kumar Executive Director Berco undercarriages (India) Private limited
Business in Recent Times:
As far as Berco is concern our last quarter of fiscal year has been really good. We envisaged 33% more vis-à-vis last year. We made 133.4 crore this year vis-à-vis last year’s 100 crore. This was despite the economic constrains. I must mention that last two months have been lowas to what was assessed.
We are very much confident that industry will take off and I strongly believe 2016-17 will be healthy for our industry.
Competitive Market:
To be honest, the competition is very stiff and at present, we import 80 % of component either from Italy or China. Berco’s import content is more. The currency did not help us, the customer are not willing to bear the cost of currency fluctuation.
Make in India:
We slowly look forward to localize the manufacturing of our product. We have just received the first sample of forging. We have now sent the forging for approval. Berco looks forward to localize the product from 15% to 60% by next year itself.
