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United Kingdom

Mahindra And Mahindra Exec Says Automotive Business Operating Margins Continue To Be Under Pressure


Wednesday, 29 May 2019 

May 29 (Reuters) - Rajan Wadhera, President Automotive Sector,Mahindra & Mahindra Says::AUTOMOTIVE BUSINESS OPERATING MARGINS CONTINUE TO BE UNDER PRESSURE.CO WILL FOCUS ON COST EFFICIENCIES AND COST REDUCTIONS IN FY20 FOR AUTOMOTIVE BUSINESS.'CONSCIOUS EFFORT TO REDUCE PRODUCTION IN AUTOMOTIVE BUSINESS'; THERE WERE 2-3 DAYS OF SHUTDOWN AT CHAKAN PLANT IN MAY.EXPECTS GOVERNMENT TO TAKE INITIATIVES TO BRING AUTO SECTOR GROWTH BACK TO 8% - 10% RANGE.