Edition:
India

Mahindra And Mahindra Says Need Intervention For Autos Turnaround


Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Mahindra and Mahindra Ltd executive::NEED SOME KIND OF INTERVENTION FOR TURNAROUND IN AUTO INDUSTRY.TRACTOR SALES LIKELY TO BE FLAT THIS FISCAL.COMMODITY PRICES ARE FALLING, HELPING MAINTAIN MARGINS.GOVERNMENT SHOULD REDUCE GOODS AND SERVICES TAX RATE TO REVIVE AUTO DEMAND.AUTO INDUSTRY SLOWDOWN A 'BIG CONCERN', SEE 'HUGE DANGER' OF JOB LOSSES.PLANNING TO BUILD PLATFORM FOR ELECTRIC VEHICLES.