Tata Motors ready to halt one plant over virus concerns [Reuters]
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Source: Reuters
India's Tata Motors ready to halt one plant if virus concerns deepen NEW DELHI (Reuters) - India’s Tata Motors ( TAMO.NS ) is rapidly scaling down activity at its car factory in the western state of Maharashtra and is preparing to close it if concerns about coronavirus deepen, the company said on Friday. The move by Tata Motors, which owns the British luxury car brands Jaguar and Land Rover, comes as the state recorded the highest number of confirmed cases of coronavirus in India. On Friday, Maharashtra ordered all shops and offices to close except those providing essential services in three major cities, including the financial capital Mumbai and Pune, where the Tata Motors plant and engineering centre is located. Tata Motors will scale down its operations by the end of Monday and will be prepared to close the plant by Tuesday if things worsen, the company’s managing director Guenter Butschek said, adding that it will remain in this mode until March 31. “We shall continue to closel
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