TVS Motor Company has said that the company's planned production in February 2020 will be lower by 10 percent due to supply constraints on the back of the Coronavirus (COVID-19) pandemic.
The outbreak of COVID-19 has led to an impact on supply of certain components for production of BS-VI vehicles, as China is a key part of the global automobile supply chain. TVS Motor says its direct dependency on China is limited for components, but some of its Tier 2 suppliers have been impacted adversely which will lead to 10 percent drop in the planned production in February 2020. The company is making all efforts to normalise this at the earliest.
Commenting on this development, KN Radhakrishnan, director and CEO, TVS Motor Company said: “At TVS Motor Company, we have completely transitioned to BS VI in the month of January 2020. To minimise the impact on production of BS-VI vehicles, we are consistently monitoring developments with those of our suppliers who are sourcing certain components from China. Parallelly, we are also exploring suppliers in other regions and are looking to localise within India. As a customer-centric organisation, our endeavour is to ensure that the impact on our customers and operations is minimal.”
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