Ad Here  
January
February
March
April
May
June
 
 
V-Guard launches app-enabled water heater system Wabco launches safety system Tata gets 4-star rating for Zest Tata Motors aims to be among the Top 3 global CV & PV firm The unexpected exit Right to privacy – now it’s fundamental! Carnival Films acquiring 3000 screens pan India TVS Automobile invests Rs.75 crore in start-up firms TVS Srichakra plans capacity expansion HPCL plans Rs.61,000 crore capex over 5-years ITC chairman calls for policy impetus to transform agriculture Preparing for the next growth curve AL secures orders for 3600 buses From the toughest to the best year TI Cycles plans retail expansion to drive sales for premium bicycles Welcome focus to improve rural India... Solar installations exceed 2015 capacity in five months Hyundai India achieves 7 mn production at Chennai factory When small is not so beautiful… L&T bags the Mumbai Trans-harbour link order Back in growth mode Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Chinese smart phones flourish in small towns too! Aurobindo Pharmacy: good turnaround PPP model for infrastructure development Dish TV – subscriber additions encouraging PSU non-life firms seek to protect share Gamesa to set up a plant in Nellore ITC – steep excise hike M & M unveils driverless technology for tractors Vellayan is back, after 150 days Toyota and Suzuki to introduce EVs in India by 2020 Daimler grows sales and share in India Kone India eyes further growth in elevator market Michelin to double Chennai capacity Record two-wheeler sales Consolidating leadership position in smartphones Is this a generation gap? Rane targets Rs.5500 crore topline by 2018-19 Land wars Hindalco – re-rating CAPITAL NOTES Titan Company – sales recovery to kick in Housing demand revival A niche in FMCG business... Yamaha unveils scooter boutique Bajaj Finserv – Q1: fare well Smartphone onslaught by Chinese brands Sundram Fasteners rejigs international Are they really independent? Tata Steel, ThyssenKrupp sign MoU to merge European units New India Assurance posts impressive show TN government keen on revival of operations at Nokia complex Nissan exit shouldn’t affect ALL Smooth sailing of SAIL Hyundai to focus on SUVs and AMT variants AL wins Deming prize again LVB posts 31 per cent growth in Q1 net profit The gainers and the losers Tata Motors joins compact SUV bandwagon with Nexon Increasing market share L & T’s floating dock for navy L&T profit up by 11 per cent L & T set bigger ambitions in defence business Last stages It takes two to tango Forging industry worried over lower supply of steel and its price AL introduces Guru & Partner 29 per cent jump in TCS revenues Daimler’s truck exports from Chennai cross 5000 units Eyes strong growth in 2016-17 He excels in the nuts and bolts of entrepreneurship Emami – a new growth mantra IOB on turnaround path Mercedes-Benz sales continue to zoom E.I.D Parry (India) Ltd: another sweet year Ode to Ratan Tata Tata Motors bets on new launches Tata Motors charts investments in PV and CV businesses A welcome initiative-even critics are recognised Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Sivasankaran enters taxi space to take on Uber and Ola RoC in the dock... Singur minus Nano – victory or folly? Maruti – for young buyers
 
Rane targets Rs.5500 crore topline by 2018-19

With the recovery in CV industry and proposed implementation of new regulations, Rane Group is embarking on a big growth journey for the next three years. The Chennai-based leading auto component house has chalked out a capital expenditure  of over Rs.670 crore for this period to support its growth plans.

It is targeting a return on capital employed of 20 per cent plus and a growth rate of 15-20 per cent and 25 per cent contribution from the international business by 2018-19.

The group’s vision is to maintain market leadership in its business segments and achieve total sales of Rs.5500 crore by 2018-19.

“With the Indian economy firmly on a growth path, I am confident of the future of the auto component industry and that of Rane’s. India has a low penetration of passenger cars, two-wheelers, commercial vehicles including public transport and this will ensure the growth of the auto industry and its ancillary segments. And we are ready to tap this increasing opportunity,” L Ganesh, Vice Chairman of Rane Holdings told shareholders in company’s latest annual report.

Under the proposed capital expenditure of the group, Rane Madras and Rane NSK Steering Systems will invest Rs.275 crore and Rs.150 crore, respectively. Also, Rane Brake Lining and Rane TRW Steering Systems (RTSS) will spend Rs.100 crore and Rs.130 crore respectively.

Rane (Madras) is looking at a CAGR of 27 per cent in sales and ROCE of 20 per cent by 2018-19. The company, which makes steering and compressor parts and other products, eyes growth through new businesses in passenger car segment and hydraulic products, besides higher revenue from international trade.

The Group achieved double-digit growth in total sales at Rs.3261 crore during 2015-16 compared to Rs.2921 crore in 2014-15, after a period of low growth and stagnation. Exports accounted for 16 per cent of the gross sales.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com