Chennai Rains Cause Auto Industry Suffer Losses Of Rs. 1500 Crores

#hashtags: #Chennai #India

Auto manufacturers have suspended operations due to heavy flooding which has caused mounting production losses, currently estimated around Rs. 1200-1500 crores. Production has been suspended in the interest of employee safety Chennai is India’s second largest automotive manufacturing hub, home to a number of auto companies and is currently hit by one of the worst floods imaginable. The city has been disrupted completely robbing its people of basic necessities while also severely damaging the business sector. The...