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Learnings from lockdown helping automakers stay on track
April 07, 2021
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Limited nature of lockdowns, improved ability to manage supply chains and vaccination drive offer respite in second wave, say analysts
Automakers are implementing measures like increasing buffers in inventories, cutting costs of non-core exercises, digitisation and better management of production which they have learnt over the past year of running business amid the pandemic to mitigate the impact of the second wave of the pandemic.
The limited nature of the lockdowns and better ability to manage supply chains compared to last year, as well as the vaccination drives, are offering respite, company officials and analysts told
Suzuki Motor Gujarat (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the Plant C in Gujarat and started production from April 2021.
Suzuki established SMG in March 2014, aiming to secure production ability in preparation for the automobile market growth in India, as well as for expansion of exports from India. Its Plant A started operating in February 2017, and the Plant B and Powertrain Plant in January 2019. In October 2020, SMG became the fastest production site of Suzuki to achieve accumulated automobile production of 1 million units.
With production starting at the Plant C, which has an annual production ability of 2,50,000 units, together with Plant A and Plant B, the total ability of SMG will be 750,000 units. Together with Maruti Suzuki India s production ability of 1.5 million units, Suzuki s production ability of automobiles in India will be 2.25 million units. All automobiles that will be pro
New Delhi [India], April 5 (ANI): Suzuki Motor Gujarat (SMG), a 100 per cent subsidiary of Suzuki Motor Corporation, has completed construction of the plant C and started production.
The domestic equity benchmarks ended with significant cuts on Monday, led by weakness in banks and financial shares. After the hitting the day s low of 14,459.50 in mid-morning trade, the Nifty pared losses and closed above the 14,600 mark. IT and metal stocks bucked the broader selloff. A spike in domestic coronavirus cases and fresh curbs imposed by the state government dented investors sentiment.
As per provisional closing data, the barometer index, the S&P BSE Sensex, slumped 870.51 points or 1.74% to 49,159.32. The Nifty 50 index tumbled 229.55 points or 1.54% to 14,637.80.
In broader market, the S&P BSE Mid-Cap index slipped 1.13% while the S&P BSE Small-Cap index declined 1.08%.