Nokia says to suspend handset production at India's Chennai plant

Reuters News
Posted: Oct 07, 2014 5:03 AM

(Reuters) - Nokia Oyj <NOK1V.HE> will suspend handset production at its Chennai facility in India from Nov. 1, the company said on Tuesday.

The plant in Chennai is among Nokia's biggest for making handsets, but has suffered as the company got caught in a tax dispute with the Indian government.

Nokia has also suffered as demand for its handsets have waned in the past few years.

(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by Gopakumar Warrier)