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new Delhi5 days ago
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- Assessing any production shortfall in the last quarter of the year 2020-2021
- Work in the automotive sector may be affected due to lack of global supply
Mahindra & Mahindra anticipates that the production and selling of its automotive division and its wholly owned subsidiary may decline in the last quarter of the current financial year due to shortage in supply of micro processors on a global scale.
The company said that it is in touch with Bosch, which supplies its auto spare parts, and is assessing any production shortfall in the last quarter of FY 2020-2021 due to supply disruptions and steps to reduce it Are being raised. “
Mahindra told the stock market, “The company’s functioning in the automotive sector may be affected due to a decrease in the global supply of micro processors (semiconductors) used in electronic control units (ECUs).”
In these circumstances, Mahindra said it expects the production and sales of its automotive division and its wholly owned subsidiary Mahindra Vehicle Manufacturers (MVML) to decline in the last quarter of FY 2020-21.