Categories: Business

Operations resume across all manufacturing plants says Tata motors

Photo: PTI

Tata Motors

new Delhi. Tata Motors said on Tuesday that it has resumed operations at all its manufacturing units in the country. The company said that with the approval of the Jamshedpur plant from May 27, operations at all its plants have resumed. Along with this, the company informed that 59 percent of its passenger vehicle showrooms, which have a 69 percent share in the retail market, have also opened.

As far as supply is concerned, Tata Motors said, 90 percent of the supplier of commercial vehicle segment has been allowed to start functioning. The company has informed that 60 percent of it has started operations once again. The company said that as of March 31, 2020, it had cash of Rs 4,700 crore and loan facility of Rs 1,500 crore.

The lockdown was initiated from the last week of March due to the Corona crisis in the country. Which was increased by 4 times to 31 May. The government started gradually easing from April 20 onwards. However, auto sector companies have started limited and rules-based operations since May. The government has issued a directive to open economic activities from May 31 onwards. Accordingly, economic activity will be fully opened soon, except in areas affected by infection.

This post was published on June 3, 2020 4:12 am

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