Rajesh Machines displayed its new range of machines at IMTEX Forming 2020. Elaborating on it Chetan Siddhapura said, “We displayed five machines at the show. Going along with the trend of greener technologies, we have upgraded our machines with latest technologies. Now, they consume lesser power and oil.”
Highlighting on the response for the machines, he said, “These machines are receiving expected response from the visitors. Earlier, we had displayed these eco-friendly machines at one of trade fairs in UAE. They received fantastic response there too.”
Discussing the market conditions in the country, he said, “There has been a lot of discussion on the economic slowdown. However, we have grown in double digits consecutively for last 5-6 years. This is because we cater to wide range of industries. Some of segments that are driving growth of the company include aeronautical, hospital, furniture, automobile, engineering, etc.”
Siddhapura further added, “In 2020, we are optimistic on the recovery of the automotive sector. If you look at the Indian manufacturing segment, automotive Industry’s contribution is up to 55 percent. And, the government is taking steps to improve the market conditions. Therefore, we are confident about the recovery of the economy and also of the automotive segment.”
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