Tata Motors has announced that it will pay full salaries to all its employees, be it a permanent employee or a temporary employee or a daily wager.
Car manufacturers were eagerly waiting for April-1, 2020, with high hopes to see an increasing demand for the cars. However, the novel Coronavirus seems to have shattered all the hopes for the carmakers. In spite of the mounting losses, Tata Motors, which has recently announced that all its manufacturing facility will shut down as a preventive lockdown to stop the spread of Coronavirus, will pay full salaries to all of its temporary workers and daily wage earners.
Tata Motors announced to pay full salaries to all of its employees.
With the lockdown, the temporary worker and daily wagers sitting on the lower socio-economic segment of our financial hierarchy would be the most affected part of our society. Thus, Mr. N Chandrasekaran, Chairman, Tata Sons, announced this decision. On this note, Mr. Chandrasekaran said, “These are tough and uncertain times, and the nation needs our collective efforts. As our Hon’ble Prime Minister mentioned on Thursday, resolution and restraint are important to combat this pandemic”. However, other carmakers like Hyundai and Honda have also announced that their production facilities will not be operational till 31st March 2020 to support the lockdown.
Apart from paying full salaries to its employees, the company has assured that it will be paying its suppliers that come under the micro, small, and medium enterprises (MSME) segment immediately to provide liquidity. The novel Coronavirus outbreak will also affect the carmaker’s future plans. Tata Motors was all set to launch the Gravitas followed by the production-spec HBX in the Indian market in the coming festive season. But with no concrete knowledge of when the world will get rid of this communicable disease, the brand has put a hold on its entire plan.
Talking of the Gravitas, it is the XL version of the Harrier. It was showcased at the 2020 Auto Expo in a 6-seater avatar, while the car will be offered even in a 7-seater version. It will share the same mechanical components as the Harrier and will become the new flagship from the homegrown carmaker.