POWERFUL WOMEN
15
Prev Rank: 6
Mallika Srinivasan,
Chairman and MD, Tractors and Farm Equipment (TAFE)age: 60
Last year in August, Srinivasan gave up the CEO’s post
as part of an internal restructuring at the tractor major.
Financial year 2019-20 was
tough for tractor manufacturers in India, with sales contracting by over 10%, due to
declining rural income. The
Covid-19-induced lockdown
in the later part of March did
not help matters, coming as
it did at the beginning of the
festive season. Tractor sales
were down by around 50% in
March alone, it was reported.
TAFE was among the hardest
hit in the maelstrom, with
its sales declining by 17%
in FY20.
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