Hyundai Creta output collapses to 200/day after fire at Mobis Chennai supplier plant
A fire at Hyundai Mobis' Chennai facility has slashed Creta production at Hyundai India's Plant 1 from 1,000+ to 200 units/day. With Creta accounting for ~33% of sales, the company is air-freighting components and targeting normalization by June 22. Dealer inventory cushions near-term retail.
Fire at Hyundai Mobis Chennai plant has slashed Creta output at Hyundai India's Chennai Plant 1 from 1,000+ to 200 units/day. Company is importing components, expects normalization by June 22, with no immediate retail sales impact due to dealer inventory.