Addressing a conference call after the company’s quarterly results, he said, “There are some headwinds in terms of the ongoing West Asia conflict. There are challenges in terms of commodity prices, steel, aluminium, crude oil derivatives, and there are pressures on input costs, also some supply chain disruptions.”
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He said the company has taken many initiatives to further strengthen its cost reduction, improving the product mix and taking price increases wherever it is able to.
Radhakrishnan said the company faced supply chain challenges in April with respect to availability of labour, gas, and on-time delivery of raw materials. However, he added that things were improving.
The TVS Motor Company CEO said it was “closely monitoring the effects of the war situation”.
“This month (May) is going to be better and we are confident that in Q1 we will post a very good growth, better than the industry,” he added.