Rane Engine Valve Ltd. (REVL), a leading manufacturer of engine valves, guides and tappets for the auto industry, registered sales and operating income of Rs. 87.62 crores for the second quarter ended September 30, 2015, as against Rs. 68.92 crores for the same quarter of the previous year.
The rise in REVL sales is attributed to the steady growth maintained by the passenger car and multi-utility vehicle segment during the quarter, with improved market sentiment supported by the launch of new commercial vehicle models.