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Mahindra sees short-term impact on component supplies

Mahindra sees short-term impact on component supplies
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First Published: Thu, Mar 17 2011. 01 21 PM IST
Updated: Thu, Mar 17 2011. 01 21 PM IST
Mumbai: India’s largest utility vehicles maker Mahindra & Mahindra sees an impact on auto component supplies this month due to last week’s massive earthquake and tsunami in Japan, a senior official said on Thursday.
The Japan situation, however, will not impact the sales of the company, Mahindra & Mahindra’s automotive president Pawan Goenka told reporters.
On Tuesday, Mahindra, said it had completed all formalities related to the acquisition of a majority stake in Ssangyong Motor Co and will boost product development and brand spends at the South Korean sport utility vehicle maker.
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First Published: Thu, Mar 17 2011. 01 21 PM IST