Corona virus effect: MG Motor India's supplies may take a hit, JLR India awaits clarity Quote:
MG Motor India said the company’s production may get affected next month due to a possible disruption in the supply of components from China following the Corona virus outbreak.
“We suspect significant disruption in supply chain from European and Chinese/Asian supply chain in February. Our production and sales might get hit in February as our inventory is at minimum,” MG Motor India president Rajeev Chaba told ET.
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Tata Motors, whose British luxury vehicle unit Jaguar Land Rover has manufacturing operations in China, said it was waiting for more information on the outbreak.
“It’s a developing situation at this point in time. People are in the midst of the Chinese New Year break. Some states have also extended the Chinese New Year break till February 8. We are awaiting more information,” group chief financial officer PB Balaji said during the automaker’s results conference.
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Corona virus outbreak is causing tensions among various industries and geographies. Source |