Upcoming Mitsubishi Cars

Mitsubishi Motor Corp shares plunged over 10 per cent.

Mitsubishi Motors Corp today announced that it expects the second year of losses- this year’s primarily fuelled by the Coronavirus outbreak. This is Mitsubishi’s biggest recorded loss in the last 18 years. As it expects an operating loss of 1.3 billion USD (year ending March 2021), the company stares at shrinking its workforce/production, and/or close unprofitable dealerships in the time to come.

With the price cut, the current price tag stands at Rs 26.93 lakhs (ex-showroom).