Tag: Automotive

Coronavirus: Automotive industry stares at Rs 48,000 crore loss as govt declares 21-day lockdown

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NEW DELHI: The closure of manufacturing plants by various automakers and component manufacturers due to coronavirus pandemic would lead to a revenue loss of over Rs 2,300 crore per day, said auto industry body SIAM on Tuesday. Prime Minister Narendra Modi announcing a 21-day nation-wide lockdown, starting Tuesday, in order to curb the spread of…