Lord Bamford, chairman of construction equipment manufacturer JCB has warned that its 2013 results are likely to be disappointing due to instability in the Indian economy this year.
India is JCB’s largest market in terms of sales and the economic slump experience there earlier this year will have a significant impact on JCB’s 2013 financial performance said Lord Bamford. The chairman also predicted that, with India’s general election looming, the market is likely to remain uncertain for some time. Turning to more positive…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
