Profitability focus to drive gains for Mahindra CIE Automotive

The company is selling its loss-making German CV forging business

Ram Prasad Sahu
Last Updated at December 28, 2022 00:50 IST

From its lows in mid-December, the stock of auto component maker, Mahindra CIE Automotive, is up over 13 per cent in trade. The gains are on expectations that a focus on profitability, steady growth in Indian operations and improving capital efficiency will improve its margin profile and return ratios.

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