Mahindra & Mahindra and Tata Motors have said that they are currently in talks on the production how the supply can be taken outside Maharashtra.
Cosumer Goods
Lockdown 2.0 has started in Maharashtra. In such a situation, its direct impact will now be on the consumer industry which includes automobiles, durables, appliances and many manufacturing products which come out of this state. Tata, Motors, LG Electronics, Bajaj Auto, Mercedes Benz, Mahindra & Mahindra, Whirlpool, Jeep, Volkswagen and Skoda are among the top companies that have factories in this state. In such a situation, due to the lockdown, the supply chain and component of these companies can not be affected.
The state accounts for 15 to 20 percent of the overall sales of the automobile industry, whereas in the appliance, this figure is 10 percent. Due to the lockdown, now direct production and then sales are going to be affected. Top officials have said that its effect will be very high. ACMA Director General Winnie Mehta has said that, they are looking at whether the industrial activity can be resumed or it is completely stopped by following the safety rules.
Some industry officials have said that exports are on for ambulance and defense. At the same time, VP of Mercedes India Santosh Iyer has said that, it has had a complete impact on the business and the retail showroom in the state has been closed. However, when the parts will be supplied, it is not currently known.
Huge loss to LG
LG has its factory in Pune and is a base where TVs and ACs are made. At the same time, fridges and washing machines are made in Noida, UP. In such a situation, it can have a direct impact on production. Mahindra & Mahindra and Tata Motors have said that they are currently in talks on the production how the supply can be taken outside Maharashtra.
Automobile manufacturers, electronic, motor and other companies are in talks with the Maharashtra government here. Companies say that their talks include issues such as production time, carrying out supplies, and raw materials. SIAM director Rajesh Menon says that, we are just hoping that these lockdowns do not progress further than this month and do not take place in any other state.
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