“We think this is a great time for the aviation industry to make money. We have seen a very strong correction in crude prices, which is clearly reflecting profitability going forward and the demand has been very steady. We are still doing almost 4 lakh plus passengers on a daily basis.”
“The festive season is now in October, November, December. Prices are already up by almost 30-40% during this time. So, from a lean period of Q2, we are entering a super peak season for the aviation industry. From what we understand, the guys have already taken a 30-40% jump in their staff costs. So, yes, apart from fuel, they are going to see a stretch in costs.”
Mahindraâs New CEO Seeks to Revive Growth at $19 Billion Group
Apr 06 2021, 5:01 PM
April 05 2021, 10:09 AM
April 06 2021, 5:01 PM
(Bloomberg) Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah.
(Bloomberg) Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah.
Shah, 51, has his task cut out for him. The $19 billion groupâs SUV market share has plunged to 13%, from 50% seven years ago. It has struggled with failing investments and the pandemicâs blow to the automobile industry, which led it to report quarterly losses last year, its first in nearly two decades. Last week, it ended plans to collaborate with
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Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah.
Shah, 51, has his task cut out for him. The $19 billion group’s SUV market share has plunged to 13%, from 50% seven years ago. It has struggled with failing investments and the pandemic’s blow to the automobile industry, which led it to report quarterly losses last year, its first in nearly two decades. Last week, it ended plans to collaborate with Ford Motor Co.