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Thursday, December 19, 2024 | 07:42 PM ISTEN Hindi

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Auto firms to halt production for up to 15 days amid raging second wave

For some it is part of annual maintenance protocol, for others it's a forced move, done for safety of those employed at the factory

“Fiscal 2019 was the previous best. With that as the base, we have to grow further in double digits.”
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The move is also prompted by lockdowns in several states which in turn has impacted the operations adversely

Shally Seth Mohile Mumbai
Wheels at manufacturing plants of several automobile companies in the country are set to pause for up to 15 days from May 1 as Covid-19 cases surge. While some are calling the shutdown their annual maintenance protocol, others are citing safety of those employed in factories while halting operations.  The production halt comes at a time when close to a fourth of the retail outlets of auto companies remain shut. The temporary closure, would therefore, help companies to prepare for the upcycle when the pandemic lets up, said an analyst.
 
The move is also prompted by scattered lockdowns across

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