The Coronavirus (COVID-19) crisis has interrupted manufacturing at facilities in Mumbai, notably in the industrial cities of Maharashtra and Gujarat, according to a new report.
The plant shutdowns largely started from Sunday and it will continue till March 31. However, there is uncertainty over when they will be able to reopen the plants, considering the nature of the epidemic, the article reported.
Company executives feel that it would take at least a couple months to normalise the production if the situation continues to be under control. “The economic damages will spread across two quarters,” said an executive.
Similar to what Detroit based automakers did, Mahindra Group Chairman Anand Mahindra tweeted on Sunday that the company will manufacture ventilators after closing down the automobile manufacturing.