At TVS Motor Company, the outbreak of pandemic Coronavirus (COVID-19) has led to impact on supply of certain components for production of BS-VI vehicles. China is a key part of the global automobile supply chain. While TVS Motor's direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely which will lead to 10% drop in the planned production in February 2020. All efforts are on to normalise this at the earliest.
Commenting on this development, Mr. KN Radhakrishnan, Director & CEO, TVS Motor Company, said "At TVS Motor Company, we have completely transitioned to BS-VI in the month of January 2020. To minimise the impact on production of BS-VI vehicles, we are consistently monitoring developments with those of our suppliers who are sourcing certain components from China. Parallelly, we are also exploring suppliers in other regions and are looking to localise within India. As a customer-centric organisation, our endeavour is to ensure that the impact on our customers and operations is minimal."
Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.437 as compared to the previous close of Rs. 446.2. The total number of shares traded during the day was 123391 in over 3272 trades.
The stock hit an intraday high of Rs. 448.5 and intraday low of 436.5. The net turnover during the day was Rs. 54681585.