Asahi India Glass Ltd sees 13-14% growth in automotive glass segment and 50% growth in architectural glass in fiscal year 2008, a senior company official said recently. Auto glass contributes 40% of ?Asahi's revenue, where the balance comes from the architectural and float glass operations. "An independent demand increase for glass by itself and derived demand increase because of growth in auto and construction industries will drive the growth," said MD Sanjay Labroo. The company has almost completed its 4-year expansion including Uttarakhand and Chennai at a cost of 12BN rupees and these capacities would be operational by January 2008, he said. Asahi, which commands 80% of India's auto glass market, would gain from value addition even it if lost market share as new players enter the sector.
