Herbert Hainer stated: "Driving meaningful improvements in our profitability is a central pillar of our Route 2015 strategy. The situation in India, although unfortunate, will allow us to now accelerate plans to improve a specific underperforming part of our business.
“Looking at the bigger picture, we are right where we want to be. We are manoeuvring through the still challenging economic environment in a diligent way, while at the same time ensuring we capture the opportunities that will deliver on our promise - to secure long-term quality growth and enduring success for our Group."