War on Covid-19: MRF to shut plants, sales offices under 21-day lockdown

Head office to remain shut too; firm says financial impact of decision not ascertainable right now

Cheaper Chinese import continues to affect the domestic industry in the truck and bus radial segment
The company has eight manufacturing plants and four sales networks in the country.
T E Narasimhan Chennai
1 min read Last Updated : Mar 26 2020 | 9:02 AM IST
Tyre major MRF has decided to halt its production due to lockdown announced by the Prime Minister.

The company has eight manufacturing plants and four sales networks in the country.

In an announcement to the BSE today, the company said in view of the government-enforced nationwide lockdown for 21 days starting March 25 to prevent and contain the spread of Covid-19, the company's head office, sales offices and plants across India will remain shut until the lockdown is lifted.

ALSO READ: Coronavirus LIVE

"The expected financial impact of this is not ascertainable at this stage," said the company.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :CoronavirusLockdownMRFBSE

Next Story