Coronavirus News Asia

Indian virus lockdown adds to automakers’ blues

The 21-day lockdown announced by Indian Prime Minister Narendra Modi on Tuesday night and the earlier lockdowns announced by various states to contain the spread of coronavirus are expected to take a heavy toll on the country’s automotive sector.

The Society of Indian Automobile Manufacturers has estimated that the industry will suffer a daily production loss of 23 billion rupees (US$ 303 million) due to the shutdown and the 21-day curfew would thus result in a loss of around 500 billion rupees ($6.6 billion).

Mercedes Benz and Ford India closed their factories last week and most other automakers suspended production on Monday. Carmakers Maruti Suzuki, Hyundai, Honda, Mahindra, Toyota Kirloskar Motor, Tata Motors, Kia Motors and MG Motor India have announced temporary plant shutdowns.

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