Mahindra CIE (MCIE) is among the top global forging players with a strong presence in both Europe and India. Currently 2/3rdof the revenue comes from Europe while the rest is from India. MCIE registered a robust revenue growth of 17.5% in Q4CY18, driven by 15%YoY growth from India and 19%YoY from European business. PBT grew by 30%YoY due to lower depreciation. Despite weak European car sales, the growth was largely led by new orders in Gears & Forging and growth in EU truck sales....