The Amara Raja Group has decided to shut down the manufacturing operations of all its manufacturing units till 31st March 2020.
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Chairman and Whole-time Directors of JK Tyre have taken a voluntary cut in their salary of 25% and other senior management personnel have also taken a voluntary reduction in their salary by 15- 20%.
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Hero Motor Company's international subsidiaries are undertaking a similar exercise in Britain and Germany where they have a significant presence.
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Okinawa has put all its manufacturing operations on Hold until further notice amidst the Covid 19 Outbreak.
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In less than 18 months since launch, Volvo Car India has brought the 2020 Volvo XC40 in India in the R-Design variant, with a host of updates while carrying the same price tag as earlier
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We will await further notifications from the government to resume operations at the plant, said the company.
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Fiat Chrysler and luxury carmaker Ferrari are also in talks with the nation's biggest ventilator manufacturer to help it boost production of the life-saving machines.
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Halts operations at all its manufacturing facilities and offices in India and globally till further notice
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Ford moved to hoard cash, drawing down $15.4 billion from two credit lines and suspending its dividend. It has also abandoned its 2020 financial forecast.
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The company halts manufacturing operations at its Plants in Chennai (Tamil Nadu), Surajpur (Uttar Pradesh) and Faridabad (Haryana) till 31st March 2020.
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