The company’s balance sheet has been impacted by global geopolitical and regulatory challenges and it is monitoring supply-chain risks and cost headwinds.
Amid challenges, India has emerged as the third-largest auto market in the world. The sector is currently battling supply chain constraints and companies are ramping up capacities in India. As new regulations are set to kick in, the industry is pulling up its socks to stay ahead of the curve
The commerce and industry minister also advised the industries to focus mainly on five areas including quality, increased value addition in India and focus on new markets
The funds will be utilised to strengthen the footprint of the company in new cities, franchise model, technology and recently announced consumer lending business