Corona spooks firms
The Indian automotive industry is apprehensive about the coronavirus outbreak disrupting component supplies from China, but a clear picture will emerge only in the next few days after factories in the country reopen, Siam said on Monday.
The Society of Indian Automobile Manufacturers (Siam) said it will be collecting information and data from its members in the next couple of days to understand if there could be disruptions, and to what extent, if there are any.
“It is still slightly early to comment on it. The only thing I can say is that there are apprehensions and everybody is waiting to see as today is the day when China (market) is supposed to open up post their Chinese New Year holidays,” Siam director-general Rajesh Menon told reporters here.
He was responding to a query on whether the coronavirus outbreak would disrupt supplies from China and, if that happens, how it could affect transition to BS-VI emission norm from BS-IV from April 1.
“We will get clarity on the exact nature of impact and the possible implications. What is clear is that there are apprehensions. To what extent the problem will be, we will come to know in the next few days,” Menon reiterated.