HMSI to re-open three factories, provide financial support to dealers - News Summed Up

HMSI to re-open three factories, provide financial support to dealers


Ltd ( HMSI ) on Saturday announced the restart of production operations at three of its factories based in Haryana, Rajasthan and Gujarat. With dealers under financial pressure to repay credit taken from banks automakers are chipping in to maintain the credit score and financial health of the dealer partners. With cases still on the higher side in Karnataka, the Japanese manufacturer has not yet commenced production operations at its factory there. “We are gradually resuming production operations following all Covid-19 compliance and lockdown guidelines by respective state governments. Maruti Suzuki India Ltd, Hero MotoCorp Ltd, Hyundai Motor India Ltd and others have either stopped production or reduced output significantly.


Source: Mint May 29, 2021 12:33 UTC



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