Mother­son Sumi

The Economic Times - - Companies -

The over­hang of the Volkswagen emis­sions scan­dal stills weighs on the stock, given that the trou­bled au­tomaker ac­counts for more than 40% of its rev­enues. The stock price has tanked 37% since Au­gust last year. But an­a­lysts re­main pos­i­tive on the busi­ness from the long-term per­spec­tive as the man­age­ment strives to re­duce the con­cen­tra­tion risk go­ing for­ward. Its Euro­pean sub­sidiaries are ex­pected to con­tinue driv­ing to­pline growth and mar­gin ex­pan­sion, while seven new plants to be com­mis­sioned soon pro­vide healthy rev­enue vis­i­bil­ity.

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