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Strong demand recovery except in urban, premium real estate: Mahindra
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SME Times News Bureau | 19 Apr, 2018
Mahindra Group Chairman Anand Mahindra on Wednesday said that a review
of his group businesses have shown a "strong demand recovery except in
urban, premium real estate".
Mahindra revealed this after he held a quarterly group executive board meeting recently.
"Held
our quarterly Group Executive Board meeting recently. Comprises senior
leaders from across the Group & their updates provide a 360 degree
perspective on the economy. Autos, Tractors, Trucks, IT, Housing,
Finance, Tourism, Agri, Steel, Logistics, Renewables," he tweeted (sic).
"The
Takeaways: 1) Across the board, strong demand recovery except in urban,
premium real estate 2) Strong liquidity amongst consumers esp. in rural
areas. 3) Production capacities stretched 3) Domestic Tourism growing
strongly 4) IT companies have made a robust transition to digital."
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