Parts supply disruption leads to production cuts At Honda Siel
26 Apr 2011
New Delhi: Honda Siel Cars India Ltd, the joint venture between Honda Motor Co Ltd., Japan and Siel Limited, a Siddharth Shriram Group company, today announced production cut at its Greater Noida plant by about 50 per cent from May 2011.
Last week, Toyota had announced production cuts in India from April to June.
The announcement comes following a production cut by Honda Motor at its plants in Japan following a shortage of components due to the impact of the Tsunami on its parts suppliers.
However, the company has set a timetable of July 2011 to resume full production of around 5,000 vehicles.
The company says the situation with parts supply in Japan continued to be fluid, with production of component parts and vehicles at Honda plants being at approximately 50 per cent of the original production plan.
"Honda will carefully monitor the situation and manage its operations accordingly," it said in a company statement.
.webp)
