Saloni Subha ( Intern Journalist ) TVS Motors company is one of the leading manufacturers of scooters and motorcycle is a disruption in the supply of spare parts and overall production operations due to lack of skilled labor availability around its factories said Venu Srinivasan, chairman of TVS Motors company in the latest annual reports. He also said that he advised the dealers and suppliers to take necessary steps to help tide over the current economic slowdown.
With retail sales picking up after the removal of lockdown in May, most manufacturers are trying to ramp up production according to the demand. Factors like rising cases of Covid-19 and lack of availability of manpower, though, have limited the ability of automakers to increase the production of vehicles.
sales of energy level motorcycle are likely made a quicker comeback, especially in the rural and semi-urban markets especially due to healthy monsoon, good summer mobility post-COVID-19 pandemic.
“From the supply side, the availability of manpower in tier-2 and tier-3 suppliers affecting the supply of parts and daily operations are likely risks. Casual workman and migrants workers hailing from other states may not return rapidly, posing risks across the supply chain of the company,” said Srinivasan.
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