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Auto Industry Shuts Down As Brands Suspend Operations Amid Covid-19: Maruti, Toyota, Hero, & More
In light of the Coronavirus pandemic, and in an attempt to contain an outbreak, auto manufacturers in India have started suspending operations in the country. Four wheel manufacturers Maruti Suzuki, Mahindra, and Toyota have temporarily suspended operations. In addition, two wheeler manufacturers Bajaj Auto, Honda 2 Wheeler, and TVS Motor have also suspended operations.
Maruti Suzuki have suspended their operations at their Haryana plant. The company announced that the facility will remain closed until further notice. Maruti is also ready to close its Research & Development facility at Rohtak, but said it depended on government policies and decisions.
Mahindra & Mahindra have suspended operations at their Pune, Mumbai, and Nagpur facilities starting Monday. The company however has not issued a statement about how long the plants will remain shut.
Volkswagen AG India has suspended operations in the country for a period of three weeks as part of an ongoing business transition, and for the welfare and safety of its employees. Mercedes-Benz has also suspended its operations in the country.
Kirloskar Motor has suspended operations at it Bidadi facility in Karnataka until further notice. The company has also extended it ‘work from home' policies to its strategic business units based at Bangalore, Delhi, Kolkata, and Mumbai.
Tata Motors hasn't suspended India operations just yet, but have scaled down production at its Indian facilities. The company said they were closely monitoring the situation and are prepared to halt operations if the situation worsened by 24 March.
Pune based motorcycle manufacturer, Bajaj Auto, became the first auto company to suspend operations in the country. The company's corporate office and its Chakan production facility have been shut until further notice.
Honda Two Wheeler announced suspension of operations at its facilities based at India, Colombia, and Bangladesh in light of the Covid-19 outbreak. The company did not say until when the suspension was in place.
TVS Motor Company announced that it will suspend operations in India for a period of 48 hours starting 23 March. The company said this was an interim measure, and would fully suspend operations if needed.
Thoughts About Manufacturers Suspending Operations In India
Like we've said before, this is a fantastic way to contain Covid-19, but will definitely affect the economy. India, like most of Europe, could be headed towards a recession. At this point, all one can do it stay hopeful.
