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Page 8 - Chaand Sehgal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Motherson Sumi: Some of Motherson Sumi European plants closed for Christmas holidays: Vivek Chaand Sehgal

The stocks of companies which have significant exposure to markets like Europe and the UK like yourself have been reacting quite sharply ever since the fears around the new strain of Covid-19 have emerged in the UK. Are these concerns justified? I cannot talk about everybody but we have been monitoring the issue since Sunday when this particular news flow came and I am pleased to report that all our plants are doing very well. Some of our plants are closed down but they were supposed to because it is Christmas Holidays, New Year and so they will open up somewhere around the first week of January. Other than that, all our plants which are supposed to be open are open, doing fine. There are no issues at all. At least for us, there is no panic!

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