Its one bad news after another for the car makers and the over all auto industry in India! If the rising input costs, escalating interest rates, slackening sales figures and a double digit inflation figure were not enough, it is now hit hard with transporters' strike in the country.
Honda Siel Car India stated that its dispatch has been terribly affected with the trucker's strike in the country. It also stated that dispatch of spare parts to dealers would also be affected if the strike continued for a week or more. However, it denied cutting down its production as it cannot dispatch its current production. Currently, Maruti also denied cutting down production and Hyundai also did not seem too worried with the ongoing strike. But they were still concerned about the raw material availability if the strike prolonged more than a week. The industry sources also expressed their serious concerns about raw material availability if the strike continued for more than a week. Some companies were weighing options of hiring private vehicles for raw material procurement.
"Since yesterday we have not been able to dispatch cars and if the strike lasts more than a week it will start affecting our raw material procurements as well," a Honda Siel Car India official told PTI.
