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Over 80 plants across globe resume operations: Motherson Sumi

 LillianFrances
  36
 June 2, 2024

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The company said it is taking all necessary precautions in accordance with COVID-19 guidelines issued by governments.

Auto parts giant Motherson Sumi said Wednesday that it is increasing production at more than half of its 152 plants around the world that are already operational.

The company said in a statement that more than 80 manufacturing plants remain in operation, with about 30 percent of them operating at more than 80 percent of their ideal capacity. However, the company did not disclose the location of these manufacturing facilities.

Laksh Vaaman Sehgal, Vice Chairman, Motherson Group In a recent interview, I told The Economic Times that other plants are also preparing following the Covid-19 follow-on requirements and will start operations once they are licensed. China’s outbreak recovery is gaining momentum. “We were surprised to see a strong recovery in demand (in China). This is a good sign for our industry. Customer demand is back to pre-New Crown outbreak levels and the market is strong,” he said.

Last week, the company raised around Rs 5 billion by issuing listed convertible debentures (NCDs). on mad cow disease.

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