February Production Affected as Coronavirus Outbreak Hits Supplies: TVS Motor Company

Chennai-based TVS Motor Company stated the coronavirus outbreak has impacted the availability of sure elements thereby affecting about 10 per cent of its deliberate manufacturing for February. The novel coronavirus (COVID-19) pandemic has led to an influence on the availability of sure elements for the manufacturing of BS-VI automobiles, TVS Motor Co stated in a regulatory submitting. “While TVS Motor’s direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely which will lead to 10 per cent drop in the planned production in February 2020,” it stated.

All efforts are on to normalise this on the earliest, it added. Commenting on this growth, TVS Motor Director and CEO KN Radhakrishnan stated, “At TVS Motor Company, we have completely transitioned to BS-VI in the month of January 2020.” To minimise the influence on the manufacturing of BS-VI automobiles, he additional stated, “We are consistently monitoring developments with those of our suppliers who are sourcing certain components from China.”

At the identical time, Radhakrishnan stated, “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.”