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Mobility will be a huge growth area with railways pushing growth: Sunil Mathur, Siemens
Anushka Khare
Posted on: 2022-06-16 09:15:00
Viewer: 8,934
Comments: 0
Country: India
City: New Delhi
New Delhi, India (Urban Transport News): In a recent interaction with ET Now, Sunil Mathur, Managing Director & Chief Executive Officer at Siemens shared his long-term outlook on the company, outlook on growth visibility, and the Government’s CapEx push in railways and transportation sectors.
“The increase in spending by the government across sectors like roads, ports, railways etc. has been a huge positive for companies in India. And we are seeing the on-ground traction picking up,” said Mathur.
Commenting on government initiatives, Mathur said that demand in India growing, and semiconductor and e-mobility spending is increasing. “Semi-conductor challenges and high logistics costs will continue for some time. Siemens has a reasonably good pipeline and we remain cautiously optimistic. We have witnessed growth in the base business and seen large value tenders coming up,” he said.
Talking about the Company's outlook on the growth he said that the traction will continue. “We will grow but not at the cost of profitability or cash. We will see cost increases across the board and need to manage supply chain costs and hedge against commodity costs. Margins will sustain or improve despite inflationary concerns,” he said.
On future investment, he said that the company will look at inorganic growth and expanding capacities. “We will invest money where there is a bang for the buck,” Mobility will be a huge growth area with railways pushing growth. Every single business segment is growing extremely well and digitalization segment has huge potential too. Electrification, signalling, and metros all present a massive opportunity and Siemens is present across all these businesses. “
According to him, sustainability and clean energy remains a key focal point. “Smart infra businesses will build energy efficiencies across the board. Cleaner power, efficient railways, and digital India hold a lot of promise. In fact, digital contribution has been growing year-on-year accelerated by the pandemic. We will see expansion in digital margins as digitalization grows,” Mathur explained.
Anushka Khare
Anushka Khare is a Post Graduate in Journalism from Makhanlal Chaturvedi National University of Journalism and Communication, Bhopal (MP). She covers stories and updates from India.
