Menu

COVID-19 pandemic: Plant closures by OEMs, suppliers in India will lead to loss of USD300 million in revenue per day, says industry body

News
COVID-19

Minda, Bharat Forge, Lumax, are among the suppliers to have suspended operations

The SIAM has said that plant closures by OEMs and suppliers in India, due to the COVID-19 pandemic, will lead to a loss of INR23 billion (USD302 million) in revenue per day, reported Economic Times daily citing Press Trust of India on 24 March.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload