Motherson Sumi Wiring falls over 4% after Q2 results
The auto component maker said that its EBITDA in Q2 FY23 was impacted by expenditures such as initial one-time startup costs of new programmes in Bengaluru and a new facility in Chennai. To meet the increased volume, additional costs on expedited freight and extraordinary manpower costs, further aggravated by supply chain constraints, were incurred, the company said.
