New Delhi, 10 June (H.S.):

Hyundai Motor India Limited (HMIL), the Indian subsidiary of South Korean automobile manufacturer Hyundai Motor Company, expects production at its Chennai Plant 1 to return to normal by June 22 after operations were temporarily disrupted by a fire at a supplier’s facility.

In a regulatory update filed with the stock exchanges on Wednesday, Hyundai Motor India stated that the production disruption at Chennai Plant 1 was caused by a fire that broke out on the afternoon of May 31 at the facility of supplier Mobis India Limited, located in Irungattukottai in Tamil Nadu’s Kanchipuram district. The company said the disruption is expected to be fully resolved by June 22 and will have no impact on retail sales.

HMIL said the interruption has been largely confined to Chennai Plant 1, while operations at its Pune plant and Chennai Plant 2 have experienced only minimal impact. Production activities at Chennai Plant 1 are expected to normalize by June 15, with all manufacturing units projected to resume full-scale operations by June 22.

The company noted that it is still assessing the overall operational impact of the fire at Mobis India. However, Hyundai expects that most of the production losses resulting from the disruption will be recovered during the next quarter.

Hyundai Motor India also reassured investors and customers that the temporary disruption is not expected to have any significant impact on retail sales in the near term.

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Hindusthan Samachar / Jun Sarkar