Rico Auto sees 30 pct revenue growth on year in FY09

Newswire

MUMBAI, May 27 (Reuters) - Auto parts maker Rico Auto Industries Ltd expects year-on-year revenue growth of about 30 percent in the fiscal 2008-09, helped by robust exports and a falling rupee, a top official said. The company expects exports to reach 2.2 billion rupees in FY09, compared with 1.45 billion rupees at the end of FY08, managing director Arvind Kapur told Reuters. "The worst is behind us, we had the dollar impact, rising input prices, but now we are under control and have ...

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