f about Rs 1,500 crore last week, as industries and businesses in the State remained shut in the wake of the demise of former Chief Minister J Jayalalithaa late and a statewide seven-day mourning announced thereafter.
Production at every automotive facility, offices of information technology firms and retail establishments in the State remained shut on Tuesday as a mark of respect to the late Chief Minister.
Tamil Nadu plays host to a dozen-odd automotive companies engaged in manufacturing of motorcycles, cars, sports utility vehicles, luxury sedans, trucks, buses, construction equipment and tractors.
Ford, Hyundai, Renault, Nissan, BMW, Royal Enfield, TVS Motor, Ashok Leyland, Daimler India Commercial Vehicles, Kamaz Vectra, Mitsubishi, Yamaha, TAFE, Caterpillar are some of the original equipment makers.
Chennai has an installed capacity to produce, 1,380,000 cars and 361,000 commercial vehicles per annum. In other words, the city has a capacity to produce three cars every minute and one commercial vehicle every 75 seconds. Besides, there are scores of auto component makers supplying to these OEMs. An estimated Rs. 1,000 crore was lost on Tuesday on account of the unscheduled closure of business. Automotive dealers and regional transport offices also remained shut.
While the Centre declared a one-day (Tuesday) national mourning, Tamil Nadu announced that the State would mourn for seven days for Jayalalithaa.