Hi-Tech Gears sees 20 pct growth in FY08 sales

Newswire

NEW DELHI, Sept 21 (Reuters) - Auto component maker Hi-Tech Gears Ltd expects a 20 percent growth in sales in 2007/08, lower than the 33 percent growth it posted last year due to lower vehicle sales, a senior company official said. "There is the flattening of the two-wheeler market and commercial vehicle market," Deep Kapuria, chairman and managing director, told Reuters on the sidelines of a conference. "The profitability is under pressure, definitely," he said. In 2006/07, Hi-Tech ...

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