'
Cummins India hosted a conference
call on Nov 8, 2023. In the conference call the company was represented by
Ashwath Ram, Managing Director.
Key takeaways of the call
The Company successfully launched
the CPCB IV+ emission norms-compliant products in the market on time. The prior
two quarters witnessed some demand shifts as both CPCB II and CPCB IV+ products
are allowed to be sold till June 2024. Expect the demand to normalize and
sustain for the rest of the year. With most of the developed market
experiencing slowing demand, the company is closely monitoring its end market
conditions.
No resistance to pricing in the
market as of now for CPCB4+ products of the company and the product is well
received in the market/channel.
The company remains optimistic
about the company’s prospects for continued profitable growth and expects
double digit revenue growth for FY23-24. But it’s difficult to give break up in terms...
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