Mahindra CIE’s decent India performance makes up for weak Europe show in Q31 min read 19 Oct 2022, 11:17 AM IST
The outlook for Europe continues to be uncertain amid a potential gas shortage and recession risk. Even so, it helps that Mahindra CIE has a strong order book.
Mahindra CIE Automotive Ltd’s September quarter (Q3CY22) results are a tale in two parts. While the India business performed well and saw sequential revenue growth of 11.7%, revenues from the European operations dropped 9%. The company follows a January-to-December accounting year.
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