A Tata Motors Ltd. truck makes its way through traffic on a road in Bangalore, India. (Photographer: Namas Bhojani/Bloomberg)
Automotive Axles Ltd. expects to maintain the 38 percent revenue growth rate it managed in the September quarter for the remainder of this and next year, according to N Muthukumar, president and whole-time director of the company.
The company expects "very, very strong demand" in the coming quarters driven by larger infrastructure spend by the government and a demand shift to larger trucks. Shares of the company jumped as much as 12.7 percent to a record high of Rs 1,195 per share, today.