Sharda Motor Closes Business Operations At Binola Unit, Haryana
Sharda Motor Industries Limited announces Closure of Business Operations carried out at 58 KM, Delhi - Jaipur Highway, Behind Terry Soft, Village & P. O. Binola, Haryana - 122413 ”Unit” as under:
1. Automobile Business: The Business Activities of Automobile Business (Seating Business) carried out at the unit are being shifted to the other Unit located in the State of Haryana.
2. Air Conditioning Cabinet Business: The Air Conditioning Cabinet Business shall be discontinued since the Customer is in the process of shifting its Manufacturing facilities to other state, therefore keeping in view of the size and volume of its Business i.e. - business viability (commercial and financial), the Board of Directors has considered and decided to discontinue its said business activities carried out at the Unit i.e. not being a part of Long Term Planning of the Company