Decline in output of auto industries post Tsunami

Last Updated: Thu, Dec 01, 2011 15:31 hrs

New Delhi, Dec 1 (IBNS) As per Society of Indian Automobile Manufacturers (SIAM), some Japanese automobile companies like Honda Siel Car India and Toyota Kirloskar Motor have been affected and announced cut in their output in the aftermath of the tsunami in Japan.

According to SIAM, production of Honda Siel Car India in May-July 2011 was 6845 compared to 12339 units in 2010; a negative growth of 45%.

In addition, Toyota Kirloskar Motor Private Ltd. has loss of Production (Quantity) of 8906 vehicles and loss of revenue (excise duty) to the Government amounting to Rs. 1453 million.

The production of some auto companies has been impacted on account of low supply of auto ancillaries/components manufactured in Japan.

The affected companies have been monitoring the position in order to normalize their operations.

As a result, most of the Japan-based suppliers have been making progress to restart production and many either have or are ready to resume production of such parts.

This information was given by the Minister of Heavy Industries and Public Enterprises Praful Patel in written reply to a question in the Lok Sabha today.

More from Sify: