THAI FLOODS: Honda India halts Brio production
Honda Siel, 99.9% owned by Honda Motor and 0.1% by India's Siel, has halted Brio hatchback assembly because of a shortage of parts from Thailand, caused by floods there. The Brio is also assembled in Thailand as is another Indian model, the City sedan.
"We have run out of parts for the Brio and have had to suspend production of the model in this month," Jnaneswar Sen, senior vice president for marketing and sales at Honda Siel Cars India, told Dow Jones Newswires.
Honda India sources some electronic and under-body parts from Thailand.
Honda Siel also makes Jazz hatchbacks and Accord sedans at its factory at Greater Noida in the northern state of Uttar Pradesh. It also sells imported CR-V sport-utility vehicles.
Honda Siel can produce up to 100,000 cars a year at the Greater Noida facility.
"The situation is much worse than November," Sen said. "Our production this month will be much lower than last month."
Sen said the company is "trying to arrange sourcing parts from the same vendors in other countries but our key three volume models - Jazz, Brio and the City - continue to be quite low."
Honda Siel sold 1,982 vehicles in November.
In this month's management briefing, Rob Golding runs his financial rule over the financial position of the automotive industry's major OEMs. In this instalment: Toyota, Nissan and Honda...
Seating specialist Lear Corporation has completed its purchase of automotive and specialty fabrics maker Guilford Mills for US$257m....
Toyota expects its US sales for May to regain the momentum lost due to last year's Japan earthquake and Thai floods....
Tata Motors' Jaguar has beaten Toyota's Lexus to the top spot in the UK JD Power and Associates/What Car? UK Vehicle Ownership Satisfaction Study (VOSS). Lexus dropped to joint second place with Skoda...
The combined operating profit at Japan's three largest automakers is projected to increase almost five times this fiscal year, recovering from the slump last year caused by the Japan earthquake and Th...
The Indonesian government this week will consider offering vehicle manufacturers incentives for the local production of hybrid cars....
- COMMENT: Why the VW Touareg Hybrid had to die
- COMMENT: ADAS rollout comes with human issues
- THE WEEK THAT WAS: Driving for fun...
- ANALYSIS: Will the XE work for Jaguar?
- ANALYSIS: Autonomous cars and interior design
- Chinese brands have failed to catch on in Brazil
- Marchionne merger overtures to GM's Barra rebuffed
- Volvo China plant starts US exports
- Bosch predicts ICEs will beat EU CO2 targets
- Big Four steadily losing Brazilian market share