The purpose of this plan of Tata Motors is not to increase the inventory with dealers, but to maintain the stock to meet the demand.
Tata Motors
Car manufacturers have described this quarter as very difficult, given the restrictions being imposed due to increasing cases of Corona epidemic. While some car makers have canceled their upcoming launches, some have stopped production due to the upcoming decline in their cell.
Regarding this, Tata Motors also believes that these restrictions imposed like lockdown will temporarily affect the sale of vehicles. That’s why the company has made a plan to deal with it. The company is trying to deal with the temporary decline in sales and maintain the interest of its customers and dealers through this ‘business plan’.
The company has issued a statement saying that lockdown has been imposed in many parts of the country and this may temporarily affect vehicle demand. Therefore, the company has prepared a comprehensive ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers and suppliers.
What is the company’s planning
The purpose of this plan of Tata Motors is not to increase the inventory with dealers, but to maintain the stock to meet the demand. The company is planning to maintain the supply and demand of its cars from it and is working on a plan to increase its supply when the demand increases after the end of this difficult time.
The company said in its statement, “The company believes that this approach serves the interests of all stakeholders by optimally utilizing the cash invested throughout the ecosystem.”
These companies also stopped production
Please tell that Tata Motor is not the first company to change its production after the second wave of Covid-19 epidemic. Last week, Toyota Kirloskar Motor also stopped under its annual maintenance program at Bidali plant in Karnataka. According to the company, this is a pre-scheduled program that was to be done between April 26 and May 14. This means that Toyota’s plant will be temporarily closed and it will also affect the supply of the finished vehicle.
Apart from this, the Indian two-wheeler manufacturer Hero MotoCorp has also announced the closure of its manufacturing operations in view of the Corona epidemic last week. However, the company has said that this decision will not affect its demand for motorcycles and scooters.
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