SML Isuzu suspends production at Punjab plant over supply chain issue
Commercial vehicles maker SML Isuzu on Monday said it will temporarily suspend production at its manufacturing plant in Punjab till June 11 due to supply issues and lower demand.
"... Due to the ongoing pandemic situation and lockdowns enforced in most of the states, the company is still facing supply issues from some of its vendors/suppliers. Further, demand for commercial vehicles has been adversely impacted especially for the school buses due to the non-opening of schools/educational institutions.
"In view of the above situation, the company has decided to temporarily suspend production at its manufacturing plant (in) Punjab up to June 11, 2021," SML Isuzu said in a regulatory filing.
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The company said it is closely monitoring the situation and taking appropriate actions as required.