The 8.9 magnitude earthquake and the resulting Tsunami that destroyed the entire East Coast of Japan yesterday, is going to affect the Indian auto industry too. India is probably a battle turf for Japanese auto makers.
Suzuki, Nissan, Toyota, Honda and Mitsubishi all have huge set-ups in India. These manufacturers import parts and accessories from Japan. But, due to yesterday’s disaster, thesirsuppliers in Japan have stopped operating and shut their manufacturing units.
India’s largest car maker, Maruti Suzuki India, which sells every second car in the country, too relies heavily on these suppliers in Japan. Mr Shashank Srivastava, Marketing Manager, MSI, stated, “We are assessing the impact on vendors that supply to our parent company Suzuki Motor Corp.”
Suzuki Motors has a 55% stake in MSI. Even Honda Motors relies heavily on Japan for the parts of their luxury sedan Accord. Honda is set to suffer in near future due to the shutdown of their plant in Saitama.
Suzuki, Nissan, Toyota, Honda and Mitsubishi all have huge set-ups in India. These manufacturers import parts and accessories from Japan. But, due to yesterday’s disaster, thesirsuppliers in Japan have stopped operating and shut their manufacturing units.
India’s largest car maker, Maruti Suzuki India, which sells every second car in the country, too relies heavily on these suppliers in Japan. Mr Shashank Srivastava, Marketing Manager, MSI, stated, “We are assessing the impact on vendors that supply to our parent company Suzuki Motor Corp.”
Suzuki Motors has a 55% stake in MSI. Even Honda Motors relies heavily on Japan for the parts of their luxury sedan Accord. Honda is set to suffer in near future due to the shutdown of their plant in Saitama.
No comments:
Post a Comment