Auto suppliers follow suit, shut operations
Move comes following vehicle makers announced production suspensions.Motherson Sumi says the government policies and directives require closure of production units across the globe for different periods
MOTHERSON SUMI SYSTEMS LTD. - 517334 - Disclosure Under Regulation 30 Of The SEBI (Listing And Disclosure Requirements) Regulations, 2015
Temporary closure of manufacturing facilities and/or offices in the wake of COVID-19.
Outlook: Analyst Call with Motherson Sumi Management
Motherson Sumi Systems had a call with analysts, summarizing the coronavirus challenge and outlook for the company. Listen to the full transcript. Key points made by the management "We are facing a unique situation in the world today," management says. Current status of the demerger plan: we are going through with the demerger as scheduled. "Customers have announced plant shutdowns. Germany and Spain have announced shutdowns and this will impact us as we have many customers there." "Game plan is to stop the spread, 15 day break we think is sufficient to reduce the spread. That's our reading based on talks we have had." "In China we have 27 manufacturing plants, and now 26 are back to normal". India operations are so far running normally. The company said it doesn't see layoffs happening as of now. "Every single lab is working on a vaccine." Motherson Sumi says it doesn't think the plant closures will persist beyond a month or 45 days. MOTHERSON SUMI SYSTEMS LTD. - 517334 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Motherson Sumi Systems Limited informed the Exchange regarding uploading of audio of investor call on website of the Company. MOTHERSON SUMI SYSTEMS LTD. - 517334 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Motherson Sumi Systems Limited has informed the Exchange regarding Conference Call on Business Update. MOTHERSON SUMI SYSTEMS LTD. - 517334 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund MOTHERSON SUMI SYSTEMS LTD. - 517334 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd MOTHERSON SUMI SYSTEMS LTD. - 517334 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd MOTHERSON SUMI SYSTEMS LTD. - 517334 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 13, 2020 for Samvardhana Motherson International Ltd Motherson Sumi Systems Ltd - 517334 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 03, 2020 for Samvardhana Motherson International Ltd