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

Plant Closures & Downtime

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.

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