Post the tsunami-earthquake which hit Japan, there has been a component shortage. On account of which many Japanese makers like Honda and Toyota have announced massive production cuts in their Indian subsidiaries. Honda is said to be halving its production in India starting May. The auto major is also said to be looking at single shifts from the same month.
While this may or may not have an impact on Indian Original Equipment Manufacturers (OEMs), it may create some kind of demand as well with competitive pressures reducing. Jagdish Khattar, the CMD of Carnation Auto and Bertrand D'souza, deputy editor of Overdrive, in an interview on CNBC-TV18 spoke about the devastating March quake and tsunami in Japan which is impacting the Indian auto industry. Below is a verbatim transcript of their interview with CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
