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Ramm Batts
Mar 01, 2020 4:25PM ET
india has no Chinese tourists
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Indian automakers say China coronavirus outbreak hitting parts supply
Published Mar 01, 2020 09:57AM ET
© Reuters. Indian automakers say China coronavirus outbreak hitting parts supply
NEW DELHI (Reuters) - Indian automakers Mahindra and Mahindra Ltd (NS:MAHM) (M&M) and Tata Motors (NS:TAMO) said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts.
"Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy," Veejay Ram Nakra, Chief of Sales and Marketing at M&M's automotive division said in a press release.
Tata Motors said in a press release that it, too, had been hit by supply disruptions due to the coronavirus outbreak in China, and was working to mitigate the situation.
Along with Maruti Suzuki (NS:MRTI) - India's biggest carmaker - both companies on Sunday reported a decline in sales in February, compared with a year ago.
M&M said its domestic sales had fallen by 42%, while Tata Motors reported a drop of 34%. Maruti Suzuki said its total domestic sales were down by 1.6% in February from a year ago.
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Comments (2)
Mar 01, 2020 11:14AM ET
trump and china say no problems in a land with cases india no casew and they have problems understand who lies and who not
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