Car Loan News
Mahindra Systech plans to enter sub-assembly business
Tuesday,11th September 2007
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A business unit of Mahindra Group, Mahindra System
and Technologies (Systech), is planning to start selling sub-assembled
components to improve profitability. Sub-assembly involves putting together different components such as axle beam, hub and suspension and selling them as one part. Media reports quoted Hemant Luthra, president, Systech, Mahindra and Mahindra saying, “We are aiming to improve operating profit of each of our companies by 200 basis points annually for the next three years.†Systech is aiming to provide a one-stop solution to vehicle makers to improve its operating profit margin and is looking at the Indian and European markets, besides other opportunities to grow its sub-assembly business. |
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