Don’t miss the latest developments in business and finance.

Coronavirus: BMW India says supply chain sorted till June

Image
Press Trust of India New Delhi
Last Updated : Mar 11 2020 | 12:08 PM IST

German automaker BMW does not see any impact of supply chain disruption on its India operations till June due to the coronavirus outbreak, a top company official said.

The company said it will have to assess the impact of the outbreak on the products coming in after June.

"As of now we are fine and comfortable for the next quarter (April-June). We have a very clear picture..On certain products which are coming out beyond the quarter, we will have to see how the coronavirus impact pans out," BMW Group India President and CEO Rudratej Singh told PTI.

He, however, added it was a bit early to ascertain the complete impact of the outbreak on the supply chain.

"It is early days right now as the supply chain impact has a lag and I think the lag has not been fully felt by the industry yet. If it persists, things will get worse before they get better in terms of availability of supply chain and we are not seeing it right now," Singh said.

The company would watch the situation arising out of the outbreak very carefully going ahead, he added.

"It is a very fluid situation right now," Singh said. When asked to comment on the sales outlook for the current year, he said: "We have been competitive relative to others as we have actually comparatively gained segment share last year and in that situation we are confident that we will continue to be competitive this year as well."

Also Read

First Published: Mar 11 2020 | 12:08 PM IST

Next Story