Cummins India has gained 35 percent in a month even as the capital goods sector returns to normalcy. Ajay Patil, Chief Financial Officer at Cummins India, spoke about where India is on the capex cycle at the moment and what areas does the management expects to contribute to growth going forward, in an interview to CNBC-TV18.

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"Since the time the lockdown has been relaxed back in June and July timeframe what we have been consistently seeing is sequential month-on-month pickup and economic rebound. It kind of continued through the end of the year from a calendar year perspective and as we start the new calendar year, I think that momentum is kind of carrying in too."

"From our standpoint, I think broadly speaking pretty much all of the end markets from our perspective have been showing a pretty strong rebound and all segments are showing a decent fillip in terms of the order intake as well as the demand outlook from these sectors."

Patil said the infrastructure is showing a strong outlook at this point of time following a very strong push from the government. "Similarly, when it comes to construction, we do believe as a segment, we believe is a 2-3 years pick-up and a strong momentum into that sector. Commercial real estate is also is something that we have seen developers showing a lot of confidence in terms of finishing the product based on the way we have seen the order inquiries or completion of the projects."

He added, “Mining has always been not as impacted as the rest of them. So, we have seen a couple of trends in mining when it comes to getting more mechanised input."

Watch this video for more.

(Edited by : Priyanka Rathi)

First Published:Mar 4, 2021 12:39 PM IST