Leading automobile company Hyundai Motor India Ltd (HMIL) announced that a fire at its supplier-operated manufacturing facility in Tamil Nadu will temporarily disrupt its production. The fire occurred on May 31 at Mobis’ facility in Irrungattukottai in Kancheepuram district, which supplies audio components and other automotive parts to Hyundai. Fortunately, no fatalities were reported in the incident.
Hyundai and Mobis are currently assessing the damage and evaluating the impact on operations. While the incident may cause a temporary disruption in manufacturing activities, Hyundai is working on identifying alternative sourcing options and implementing supply continuity measures to minimize operational impact. Efforts are underway to ensure customer demand is met by utilizing the existing vehicle inventory in the dealer network.
Hyundai Motor India had previously announced a price increase of up to Rs 12,800 on its vehicles from June due to rising input costs, higher commodity prices, and increased operational expenses. The extent of the price hike will vary based on the model and variant, with the revised prices effective from June 1 across Hyundai’s model range. In May, HMIL reported a 9.1% year-on-year growth in domestic sales, totaling 47,837 units. When including exports of 13,300 units, the company’s total sales reached 61,137 units, reflecting a 4.1% growth compared to the same period last year.
