How has been the market for your company in the last one year? Which are the industry (customer) sectors that give you more business? Are you looking at new sectors? Why?
Starting from last three months of 2015, the business is doing well. This year we have registered 20 percent growth by volume and 17 percent growth by value in the business. Automotive is the major growth driver for us. If it is to be divided further, commercial vehicles, passenger card, small cars and two-wheeler are contributing towards the growth.
Over last two years, what changes have you observed in customers' demands?
Customers have become demanding on the parameters such as quality, performance, speed of delivery and pricing. However, a significant change that I have noticed over the period of times is that earlier owner or top management made the decision of purchases. However, now supervisor or operators' opinion plays an important role in the decision making. Factors such as ease of use and operator's convenience are given a top priority.
What new trends do you foresee being set up in the machine tool industry?
As per my observation, automation is one of the trending topics in the manufacturing industry. However, automation is not limited to hardware. In fact customers are more favoring smart solutions, which is why we have developed TPM Trak software. It connects the shopfloor to the top floor. It makes old or new machines intelligent and can communicate with the operators. For example, it will suggest when coolant or lubricants needed to be replaced.
Tell us about your latest products and innovations?
We have lately launched range of new machines that include grinding machines and twin spindle machines. Moreover, we have also introduced Elite series of turning centers.
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