toyota had suspended production from around mid-March in france, britain, the czech republic, poland, turkey and Portugal. toyota Motor Corp said on monday that it would extend a suspension at all of its factories in europe with the exception of russia until further notice, with a restart expected no earlier than april 20.
With the spread of the coronavirus epidemic, toyota had suspended production from around mid-March in france, britain, the czech republic, poland, turkey and Portugal. Its Russian factory will be closed from march 30 to april 3. It has already halted production in all of North America. While markets crawled back marginally by 9:48 am, Sensex was still down over 550 points. Nifty, however, regained 8,500 points. Even then, volatility remains high given the present global and domestic outlook.
All sectoral indexes showed signs of weakness as investors’ sentiments remain jittery due to subdued business activity due to the lockdown. banking stocks showed signs of weakness in early trade after the rbi announced a fresh 75 basis points. auto stocks also fell as the sector remains worried about the overall economic impact of Covid-19. Top automaker mahindra & mahindra slumped over 7 per cent.
