Business Update10 Jun 2026, 09:32 am
Hyundai Motor India Supplier Fire: Production Disruption Expected to Recover by June 22
AI Summary
Hyundai Motor India Ltd has provided an update on a fire incident at its supplier, Mobis India Limited. The incident caused a temporary disruption to Hyundai's production, primarily affecting Chennai Plant 1. The company is arranging alternative parts and expects production to return to normal by June 22, 2026. Operations at Pune and Chennai Plant 2 remain largely unaffected. Hyundai anticipates recovering lost production within the next quarter and does not foresee a significant impact on June retail sales due to adequate inventory.
Key Highlights
- Fire at supplier Mobis India caused temporary production disruption.
- Chennai Plant 1 primarily affected; recovery expected by June 22.
- Alternate parts sourcing and unaffected plants mitigate impact.
- No significant impact expected on June retail sales.
- Lost production to be recovered within the next quarter.
Price Impact
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