Alliance partners Renault India Pvt. Ltd and Nissan Motor India Pvt. Ltd, as well as Ashok Leyland Ltd, have decided to defer payments to suppliers because of the adverse impact of covid-19 on their domestic businesses, said three people aware of the development, requesting anonymity.
Renault Nissan Automotive India Pvt. Ltd (RNAIPL), a joint venture between Renault and Nissan for procuring spare parts, wrote a letter informing suppliers about its decision.
Hinduja Group-owned Ashok Leyland informally told suppliers that there could be a possible delay in payments. Renault and Nissan, who share a manufacturing unit in the outskirts of Chennai, were the first passenger vehicle manufacturers to hold back payments to suppliers amid the