COVID-19: MRF Shuts Plants, Sales Offices In India

Indian tyre giant MRF announced its decision to shut down production and sales networks in India amid the COVID-19 lock down in country.

The company has eight manufacturing plants out of which four are in Tamil Nadu, two in Telangana and one each in Kerala, Puducherry and Goa. The company also has four sales networks in the country which will also be halted.

In an announcement to the BSE today, the company said that in view of the government-enforced nationwide lockdown for 21 days starting March 25 to prevent and contain the spread of Covid-19, the company's head office, sales offices and plants across India will remain shut until the lockdown is lifted.

The expected financial impact of this is not ascertainable at this stage, it remarked.

MRF joins Apollo, Maxxis, CEAT and several other Indian tyre firms who have had to shut up shop due to the nationwide lock down enforced by the Prime Minister.

Also See: Apollo Tyres MD: Govt To Play Big Role To Keep Firms Afloat

Apollo Tyres had announced on Tuesday that it has suspended production at its plants till 31st March due to the lock down implemented in many states to contain the coronavirus pandemic.

Maxxis India has also suspended manufacturing operations at its Sanand Facility in Ahmedabad, till 14th April, 2020.

The lock down marks a difficult time for the tyre industry which was already struggling due to the BS6 transition and the global slump in the auto industry. Demand is expected to stay low post the lock down as well while companies are bound to loose a lot of money because of the consequences of the pandemic.

Auto industry body SIAM on Tuesday said that the closure of manufacturing plants by various automakers and component manufacturers due to coronavirus pandemic would lead to a revenue loss of over Rs 2,300 crore per day.

Are you interested in Car Servicing?

New Comment

Your email address will not be published. Required fields are marked *

Locate Tyre Dealers in Your City

Have a question about Tyres?

Get an answer in 24 hours from our experts.

Please Enter Valid Question.

Thankyou for asking question, we will review and provide you an expert answer.

Have a Question

MRF Tyre Dealers in Popular Cities

Add to Compare Products