Automobile industries output declines post tsunami in japan
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, the details of impact on production of Honda Siel Car India is as under:-
Month/Year 2010 2011 Growth(%)
May-July 12339 6845 (-)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 Shri Praful Patel in written reply to a question in the Lok Sabha today.
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