CHENNAI: Sundram Fasteners, the TVS group company that makes screws, nuts and bolts largely for the auto industry, will depend on a troika of geographies to deliver growth in an economic environment that looks increasingly iffy.
At the very back-end of this troika lie two European companies it acquired in 2003 and 2005. They are being used for technology. India, as usual, will be key as the manufacturing base. And the US, bucking the slow growth trend, is where Sundram hopes to realise handsome export growth.
Suresh Krishna, its Chairman and MD, said, (…)
via Sundram Fasteners to depend on Europe tech, India and US market for growth – The Economic Times.