Setco: managed to pull through by focusing on product development

June 17, 2013 11:36 am

“The automotive industry has a long-term horizon through careful initiatives and measures that are being taken to curb the falling sales.”
– Harish Sheth, CMD, Setco Automotive Ltd.
Harish Sheth talks how introduction of new products, entry into newer markets, and exports and aftermarket helped Setco perform above average.
Auto industry in coming daysUncertainties in global markets and inflationary trends coupled with higher interest cost are slowing down of Indian economy, especially in manufacturing and mining sector. Lower GDP also has affected the consumer sentiment as well as market demand.
The bumpy economic climate has forced the sale of automotive products to drop drastically in the last few months. This could be due to a number of reasons like heavy taxes, roundabout policies, changing middle class and so on. However, the automotive industry has a long-term horizon through careful initiatives and measures that are being taken to curb the falling sales. The real upward push will come only from higher GDP and positive economic sentiment.

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