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Automobile makers set to resume production

Two-wheeler makers across the country, Hero MotoCorp (HMC) & Honda Motorcycle and Scooter India (HMSI), are set to roll out production, after more than a month of lockdown. HMC will commence operations from Wednesday; while (HMSI) is likely to take a call on the start of manufacturing in the next few days. It has also been reported that TVS Motor Company is likely to start work at five of its plants between May 6 and May 20; while Suzuki, Yamaha and Royal Enfield are likely to start making vehicles in a week from now.

Pawan Munjal, chairman, Hero MotoCorp, said, “We are now ready to hit the ground sprinting as we commence the re-opening of our facilities. The wellbeing of the citizens continues to be our focus and the running of our economic engines is crucial to ensure their health and prosperity. With meticulous planning and enthusiasm, we are set to recommence operations. I am optimistic that business and the economy will begin the trajectory of its gradual recovery from here.”

 Most of the country’s automobile makers are targeting an output of about 15-20% of the average monthly sales and that too on the condition that the entire supply chain is ready. For example, TVS Motor Companyis looking at a maximum output of not more than 1.25-1.5 lakh in May.