Next year, we are targeting between 17% and 18% growth as on date. Our target is to touch Rs 800 crore but it all depends on the growth in the domestic market, said Ranbir Singh, President and Chief Executive Officer, GNA Axles.

"Margins we are targeting this year around 14.5-15%," he said.

"Sport utility vehicle (SUV) manufacturing plant is under commissioning and will be completed by December this year. In the coming financial year, we are targeting to add Rs 50-60 crore, that is FY20,” said Singh to CNBC-TV18's Nigel D'Souza and Mangalam Maloo.

“Our order inflow position is over Rs 75 crore and we are able to achieve more than Rs 70 crore these days. Further, we are enhancing and improving our bottlenecking and we can go further," he added.

GNA Axles reported a good set of Q4 numbers with strong revenue growth but margins were hit by higher input costs.