Strong summer, low channel inventory push volume growth After a dull standalone performance in FY19, the company started the year with strong volume growth in Q1FY20 supported by strong demand from its dealers. However, rising competition coupled with a change in product mix restricted any price hike in Q1FY20. On the subsidiary front, the financial performance of Impco and Climate Technology showed some improvement while GSK China slipped into negative in Q1FY20. The management has given a guidance of strong volume demand in the domestic business led by...