|
Corporate News |
|
|
Mahindra reports a sharp fall in earnings
08-Aug-2020
Supply chain disruption remains a major challenge in ramping up production, Pawan Goenka, managing director and chief executive at Mahindra and Mahindra Ltd (M&M), said on Friday.
“Demand continues to be robust on strong fundamentals. Our cash collections are good at the moment. We are looking to build inventory for the festive season, but supply constraints remain," Goenka said while reviewing M&M’s June-quarter earnings.
M&M, which saw strong recovery in demand for tractors and utility vehicles that are sold largely in the rural and semi-urban markets, could not produce enough to match demand during June and July.
News Source:- https://www.livemint.com/companies/company-results/mahindra-reports-a-sharp-fall-in-earnings-11596822954881.html
|
|
|
|
|
|
Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail
For suggestions and feedback click here.
Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office :
IMC Bldg., IMC Marg,
Churchgate, Mumbai - 400 020 India | Tel : 91-22-22046633 | Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org | Website : www.imcnet.org |
|
|
|