 "\"Don't ask me about how full year's sale will be. I can't even tell you how things are going to be after 10 days,\" Pawan Goenka, MD, M&M")
Mahindra & Mahindra’s Managing Director (MD) Pawan Goenka said on Thursday automakers had taken every step to revive consumer sentiment, but only a goods and services tax (GST) rate cut would boost demand. “I think the industry has done whatever it could. An intervention from the government can only revive the demand,” he said, adding: “It’s not good to ask for a cut in GST rate, but we are now in a situation where only that can help us.”
M&M has decided to defer capacity expenditure by at least 15-20 per cent in light of the slowdown. A lending crisis among
