Focus is grow about 10-15% higher than the market: Aakash Minda

With commodity prices rising further, would you be forced to take price hikes and that would impend demand further?

The commodity prices when it comes to the auto components and component industry have a pass on the mechanism with our OEMs. Usually, there is a lag of about 1-2 quarters on almost all the commodity items. Some of the items are non-indexed with customers, but we take them up from time to time when there are ups and downs in the commodity segments.

Your results have been quite resilient so far, but how do you expect to increase the market share? Is there any possibility of improvement in margins as well?

Yes, our endeavour and focus are to grow about 10-15% higher than the market and for that, there are various initiatives that we are taking when it comes to the markets as well as products and technologies and strengthening our core which is the operations. Of course, the focus is to consistently deliver a strong performance. Going forward, margins are looking at the various challenges, and opportunities look to steadily grow in the quarters to come.

Can you talk about any issues with chip shortage that a lot of players are talking about and because of the recent lockdowns or so-called lockdowns in China have there been any supply issues for any of the key raw materials for the company, for the products that you operate in?

Various external factors are leading to challenges in commodities, geopolitical issues, Covid issues, lockdowns like you mentioned in China are impacting, but we are — if I speak about semiconductors per se, that is a challenge or a concern which we again foresee until the end of the year. Of course, the petroleum prices and other things are rising due to geopolitical concerns and other aspects may also lead to an increase in the coming months, but currently, few indicators are leading to an increase. We forecast them in the next few quarters but not as of now.