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Companies shut plants, cut output to cope with fall in demand

Companies shut plants, cut output to cope with fall in demand
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Companies shut plants, cut output to cope with fall in demand
Pankaj Doval / TNN / Updated: Apr 30, 2021, 11:23 IST
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NEW DELHI: The fresh wave of the coronavirus has crippled industrial activity across key manufacturing units as factory output has drastically reduced for many, and even come to a halt for some top ones, in view of rising infections and closure of showrooms, with states and cities putting in place lockdowns and mobility restrictions.
Companies that have announced closures include Toyota, Maruti Suzuki, Hero Moto and Honda Motorcycles and Scooter India (HMSI), while those that have reduced output are understood to include Havells, Nippon Paints, Panasonic, Mercedes-Benz, Mahindra & Mahindra (M&M), LG (Pune factory) and Tata Motors. ....

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Companies: Companies shut plants, cut output to cope with fall in demand

(This story originally appeared in
on Apr 30, 2021)NEW DELHI: The fresh wave of the coronavirus has crippled industrial activity across key manufacturing units as factory output has drastically reduced for many, and even come to a halt for some top ones, in view of rising infections and closure of showrooms, with states and cities putting in place lockdowns and mobility restrictions.
Companies that have announced closures include Toyota, Maruti Suzuki, Hero Moto and Honda Motorcycles and Scooter India (HMSI), while those that have reduced output are understood to include Havells, Nippon Paints, Panasonic, Mercedes-Benz,
Mahindra & Mahindra (M&M), LG (Pune factory) and Tata Motors. ....

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Nifty today: SGX Nifty tanks 191 points; here's what changed for market while you were sleeping

Nifty futures on the Singapore Exchange traded 191 points, or 1.28 per cent, lower at 14734.7 in signs that Dalal Street was headed for a negative start on Friday. ....

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కొత్త బండి కొనాలనుకుంటే ఈవీ వైపే చూస్తున్నారు
eenadu.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eenadu.net Daily Mail and Mail on Sunday newspapers.

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There is a virtual lockdown in the world's fourth largest automobile market

And, so production also has come to standstill.
Hero MotoCorp, one of the leading two-wheeler manufacturers, has announced a nationwide shutdown of its plants for four days between April 22 and May 1. The maker of the popular Splendor bike said that despite its 4-day shutdown and production halt, it will not have an impact on its ability to meet demand, according to the company’s exchange filing.
General Motors, the US-based car maker, fired all its 1,419 employees in its Talegaon plant in Pune. The company’s director of communications, George Svigos, told Economic Times that no vehicles were manufactured in the last four months. ....

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