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M&M to likely defer ₹1,000 cr capex plan on market slowdown
short by Dharna / on Friday, 6 September, 2019
Mahindra & Mahindra (M&M) will likely defer its capital expenditure plan of around ₹800-₹1,000 crore by a year amid the automotive sector slowdown, the automaker's MD Pawan Goenka said. He added there'll be a slowdown in M&M's capacity investment. M&M, which suspended production across plants in August on low demand, may have to do so again in October, Goenka said.
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