Elgi Equipments will start implementing measures in a few months for a sharper focus in the Indian market, said Jairam Varadaraj, its Managing Director.
Almost 40% of Elgi’s business comes from the India and the remaining from the rest of the world. “The home market is the base and it has to be periodically sharpened and nurtured. This is an opportunity to rejuvenate (operations) in the Indian market,” Mr. Varadaraj said.
Australia and southeast Asia performed better than the previous year in 2022-2023 and the European Union and the US markets had done well too. India had a muted growth, the MD noted. Sales in India during January-March of 2022-2023 saw about 9% growth compared to the same period 2021-2022, if the orders for oxygen plants that were significant during the fourth quarter of 2021-2022 were excluded.
