Banco signs contracts with 3 US cos in Jul-Sep

Newswire

MUMBAI, Sept 29 (Reuters) - Auto parts maker Banco Products India Ltd has finalised contracts with three US-based auto wholesalers in the July-September quarter, marking its entry into the U.S. market, Chairman Vimal K Patel said. The company expects sales of around $1.5 million from the U.S. market in FY09 after these contracts, he told Reuters. Banco's total sales is expected to grow by 25 percent on year driven by exports and contribution from the domestic industrial segment in FY09, ...

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