State of the Economy 2018

On Auto Pilot

Faridabad displays a positive growth sentiment having overcome the demonetisation and GST hump

Photographs by Vishal Koul

Saket Bhatia can’t hide his contentment. Sitting in one of Bony Polymer’s seven auto components factories in Faridabad, he talks about how good the last year was for the automotive sector. “Anybody associated with major auto OEMs should have clocked a 15-20% growth over the past one year,” says Bhatia, director at Bony Polymers. Bhatia is coy about revealing his own group’s turnover but industry sources estimate it to be around Rs.1,000 crore.