NEW DELHI (Reuters) – Indian automakers Mahindra and Mahindra Ltd (NS:) (M&M) and Tata Motors (NS:) said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts.
“Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy,” Veejay Ram Nakra, Chief of Sales and Marketing at M&M’s automotive division said in a press release.
Tata Motors said in a press release that it, too, had been hit by supply disruptions due to the coronavirus outbreak in China, and was working to mitigate the situation.
Along with Maruti Suzuki (NS:) – India’s biggest carmaker – both companies on Sunday reported a decline in sales in February, compared with a year ago.
M&M said its domestic sales had fallen by 42%, while Tata Motors reported a drop of 34%. Maruti Suzuki said its total domestic sales were down by 1.6% in February from a year ago.
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