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Some customers are talking about delaying payments: Siemens MD & CEO

Clients are deferring certain orders, payments are delayed and cost of production is on a rise, says MD & CEO Sunil Mathur

There are some customers who want to wait for things to normalise and then take delivery of material, as their projects have not advanced due to the lockdown, Mathur said
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There are some customers who want to wait for things to normalise and then take delivery of material, as their projects have not advanced due to the lockdown, Mathur said

Amritha Pillay
With a debt-free balance sheet, Siemens is focussing on profitability than revenue. However, at the sectoral level, Sunil Mathur, managing director and chief executive officer, Siemens Ltd, India, points out to the financial stress that is showing up in receivables. In an interview with Amritha Pillay, Mathur says clients are deferring certain orders, payments are delayed and cost of production is on a rise. 

How has been the first month of operations since lockdown was eased for industry?

In general, the entire process of opening factories has become difficult and very complicated. One needs to ensure social distancing without upsetting

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First Published: May 31 2020 | 1:46 PM IST

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