Fitch Ratings has revised their outlook on Motherson Sumi to stable from negative. According to Fitch, there is a stronger profitability relative to what they were expecting earlier.

Effective execution of cost cutting, turnaround of new plants after large losses in FY20, stronger H1 to support the higher than expected FY21 profitability are also some of the reasons for the revision in outlook.

In the special segment ‘What’s Afoot’, CNBC-TV18’s Sonia Shenoy gets more details.

(Edited by : Ajay Vaishnav)