I would say RE growth of YoY 59% is better then expectation assuming order backlog continue to remain same. Since November 2014, when RE annual sales growth was 51.9%, this is only time when growth rate exceeded 50%, and that too on larger base.
Further in CV also higher growth rate in Volvo truck also indicate better prospect at least for sale as realisation for Volvo truck is very high. Not sure how it would impact margin of CV business.
Overall, number for August 2015 exceeded my expectation (assuming wait period of 4-5 months for RE).
In next conference call, I expect formal announcement of new plant of 500,000 units in TN by the company.
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