• The interest rates have slowed down the growth, but you have outperformed everybody. Is there a panacea that you have discovered to tackle that or the rates are not that big a spoilsport after all?
Interest rates definitely have had an impact and it has slowed us down as well. Though we have grown by 19 per cent, we have missed our target so far and would have grown faster.
• What about capacity expansion plans?
We don’t spend till we really need to, and outlook for this fiscal is that we will spend Rs 80-100 crore. We still buy a lot of components and hence most of our investments would be in that sphere. We should reach a production level of over 4,000 units this year.
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