How was 2018 for Bharat Forge’s business in India? How have exports been this year?

For Bharat Forge Limited (BFL), the year gone by has been the best year on record, with the highest ever revenue and profitability. The key markets of the company, the US and Europe, witnessed good growth and revenues from exports in auto segments like heavy commercial vehicles and passenger vehicles showed a growth of 29.6 per cent and 22.7 per cent respectively. In export industrial segment, the company achieved record sales from exports, and revenues have nearly doubled as compared to FY 2017. The increased market share with existing customers and increasing content per vehicle are the major reasons supporting this growth.

The export market for defence has also shown good traction in the last year. We are executing export orders for Armoured Troop Carriers and various types of ammunition. Few neighbouring countries have also shown interest in our guns. We have received about six foreign delegations, all directed by the ministry of defence, in the last year alone. We are expecting this to generate new export opportunities.

How is the ATAGS programme with DRDO progressing? Are there any other ongoing programmes with DRDO?

ATAGS is a programme of national importance. Here is a complete indigenous solution which can beat its