Rupee Fall Has Been Very Positive: Motherson Sumi
  • Elizabeth George
  • Sep 26 2013

September 26: Motherson Sumi’s Vivek Chaand Sehgal says there has been no slowdown for the company as its client companies are doing well. “Since over 80% of our business comes from abroad, and exports have been generating more revenues due to a weak currency. He does not see the need for fund-raising as the company has strong cash flows. “Last year, we had Rs.1100 crore capex and still saw debt reduce so we’re comfortable with our debt situation, he adds.