Fiem Industries working towards avoiding supply disruptions due to fire mishap at Haryana unit

It is in the process of arranging supply to its OEM customers from other units, to avoid any disruptions in supply. 

Autocar Professional BureauBy Autocar Professional Bureau calendar 15 Jun 2023 Views icon4003 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Fiem Industries working towards avoiding supply disruptions due to fire mishap at Haryana unit

In an exchange notification (13 June 2023), FIEM Industries, a manufacturer of automotive parts and systems, said that a fire had taken place at noon that day in one of their company units in Haryana.

It further stated that there was, fortunately, no loss or injury to human life, and the fire was got under control in a few hours. There was damage to the building, plant and machinery, stocks and furniture.

The company is in the process of ascertaining the loss caused by the fire and has initiated the necessary procedure for an insurance claim as its assets are adequately covered by the insurance, it said in the exchange notification.

It is in the process of arranging supply to its OEM customers from other units, to avoid any disruptions in supply. The shares had fallen by over 3% on 14 June, reacting to the fire mishap.

Fiem Industries manufactures automotive systems and parts i.e. automotive lighting systems and signalling equipments, automotive LED lighting systems, rearview mirrors, sheet metal parts, and plastic parts for two, three, and four-wheelers, as per its website.

RELATED ARTICLES
Incentive for Rare Earth Magnet Production, India’s EV Momentum, Tata’s Bold Plans, & Mercedes Outlook 

auther Autocar Professional Bureau calendar13 Jul 2025

India’s auto sector sees key moves this week: rare earth incentives, EV milestones, used car growth, Tata’s roadmap, and...

Range Rover Introduces Compact ‘R’ Motif, Lettermark Stays

auther Autocar India calendar12 Jul 2025

The new symbol will not replace the Range Rover lettermark but will instead be used in smaller areas and on merchandise....

Ather to Unveil New EL Electric Scooter Platform on August 30

auther Autocar India calendar12 Jul 2025

Ather’s Community Day this year will also see the reveal of the company's new fast chargers.