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Time For Capex Cut
Business Today
|October 06, 2019
MANUFACTURING companies, which announced big expansion plans in the last one year, are now reducing their capital expenditure plans, especially after vehicle sales crashed 23.55 per cent in August—the steepest fall since tracking of wholesale vehicle sales started in 1997/98.
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Mahindra & Mahindra has deferred 10 per cent of its planned capex of around ₹1,000 crore by a year, besides executing plant shutdowns in phases. If sales do not pick up in the festive season, it will have to under
Cette histoire est tirée de l'édition October 06, 2019 de Business Today.
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