Brief: Motherson Sumi Wiring India Says Qtrly Performance Impacted By Inflationary Pressures

Motherson Sumi Wiring India

07/02/2023 11:36

Feb 7 (Reuters) - Motherson Sumi Wiring India Ltd
 MSWI.NS :
    * HIGHER OPERATING COSTS DUE TO LOWER PRODUCTION AT OEMS ON
QOQ
BASIS, LEADING TO LOWER UTILISATION OF ADDED CAPACITIES
    * STABLISATION/RAMP UP PHASE OF NEW MODELS IS IN PROGRESS
    * QTRLY PERFORMANCE IMPACTED BY INFLATIONARY PRESSURES
SPECIALLY
MANPOWER INFLATION AND STRENGTHENING OF JAPANESE YEN
    * EXPECTED TO HAVE OPTIMUM UTILISATION OF BENGALURU AND
CHENNAI
FACILITIES BY Q1FY24

Source text for Eikon:  ID:nNSE834H7Q 
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