Tuesday, 6 September 2011

Subros defers 800 million rupees investment by 4 months




Seems like everybody is sensing the onslaught of Economic Downturn and the companies especially low profit auto parts maker have already started taking initiatives so as to get the minimal effect during down turn.

Auto parts maker Subros Ltd has deferred investing 800 million rupees in FY12 by 3-4 months due to a slowdown in the sector, the company's chairman said on Tuesday. 

The company had planned to hike its automotive air conditioner capacity to 2 million units from 1.5 million with the investment

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