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Royal Enfield temporarily halts production operations until May 16, says Eicher Motors
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Royal Enfield to shut production till May 16
May 12, 2021
However, the company will undertake maintenance activity at its plants
Two-wheeler maker Royal Enfield has decided to temporarily halt production operations at its manufacturing facilities in Chennai.
The company’s manufacturing operations across Thiruvottiyur, Oragadam and Vallam Vadagal facilities will remain shut between May 13 and May 16.
During this time, the company will undertake maintenance activity at its manufacturing plants, according to a company statement.
Given local lockdowns across States and Union Territories impacting retail operations, the company does not foresee any significant impact on ability to cater to demand.
Royal Enfield teams are focussed on ensuring support for employees and communities around its facilities. The company has issued advisories to all dealerships in India to adhere to local regulations and follow local administrative orders, as may apply. All other employees across Ro
: Thursday, May 13, 2021, 12:45 AM IST
Stock to watch: Tata Power, Eicher Motors, Saregama India, Voltas, UPL, Bharti Airtel, JSPL, Asian Paints, Birla Corp among others
Stock to watch: Tata Power, Eicher Motors, Saregama India, Voltas, UPL, Bharti Airtel, Jindal Steel and Power, Asian Paints, Birla Corporation, among others
On Friday, when the market opens there may be some stocks that may grab the attention of investors. In case of some it will be due to good earning, in others for not so good results.
Below given is the set of stock to watch out for:
Tata Power: The company on Wednesday posted a marginal rise of one per cent in consolidated net profit at Rs 481.21 crore for March quarter 2020-21. It had clocked a net profit of Rs 474.70 crore in the year-ago period, the company said in a BSE filing. Total income rose to Rs 10,222.48 crore in the quarter from Rs 6,793.95 crore in the same period a year ago. The company said the rise in consolidated net profit in March quarter
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In light of the unprecedented situation due to the spread of COVID-19, and to prioritise safety and well-being of its personnel, Royal Enfield has decided to temporarily halt production operations at its plants in Chennai.
Royal Enfield will carry out maintenance activities
Honda, Hero and Yamaha halted manufacturing as well
The company’s manufacturing operations across Thiruvottiyur, Oragadam and Vallam Vadagal facilities will remain shut from May 13 to May 16. During this time, the company will undertake maintenance activity at its manufacturing plants.
Royal Enfield says that, with regards to local lockdowns across states and Union Territories impacting retail operations, it “does not foresee any significant impact on its ability to cater to demand.”
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