Motherson swing to Q1 loss but sees Q2 recovery
Auto components maker Motherson Sumi Systems Ltd (MSSL) on Tuesday said it expects revenue to recover in the second quarter with the gradual unlocking of economies worldwide and demand bouncing back.
“We’re not back to normal yet, but clearly there are visible signs that auto sales are picking up. We expect to reach 75-80 percent of the pre-COVID business levels by Q2," Pankaj Mital, COO, MSSL told ETAuto.
As per the company, close to 84 percent of its plants globally are now running at 50 percent capacity. At present, the Samvardhana Motherson Group has over 270 manufacturing facilities across 41 countries.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Baldor Enhances Same-Day Gearbox Assembly Operations
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
