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TVS Motor Company says Feb production affected as COVID-19 outbreak hits supplies

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Press Trust of India New Delhi
Last Updated : Feb 24 2020 | 5:50 PM IST

Chennai-based TVS Motor Company on Monday said the coronavirus outbreak has impacted the supply of certain components thereby affecting about 10 per cent of its planned production for February.

The novel coronavirus (COVID-19) pandemic has led to an impact on the supply of certain components for the production of BS-VI vehicles, TVS Motor Co said in a regulatory filing.

"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 said.

All efforts are on to normalise this at the earliest, it added.

Commenting on this development, TVS Motor Director and CEO KN Radhakrishnan said, "At TVS Motor Company, we have completely transitioned to BS-VI in the month of January 2020."
To minimise the impact on the production of BS-VI vehicles, he further said, "We are consistentlymonitoring developments with those of our suppliers who are sourcing certain components from China."

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First Published: Feb 24 2020 | 5:50 PM IST

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