While many Maruti vendors rely on supplies of some components and raw materials from China, most of them have inventories of up to 30 days, Maruti Chairman R.C. Bhargava told CNBC's Tanvir Gill. Efforts are also being made to look at alternative sources for some of those parts, he explained.
He added that while alternative sources of supply will probably add a little to the cost of making a car, it is unlikely to disrupt production or sales. Bhargava pointed to recent declines in crude oil prices amid speculation of lower Chinese demand. Still, India may not be as affected since it does not "have that much of dependency either on exports or on the Chinese market."
We're going to scare you to think you will die if you catch this virus, but rest assured your auto stocks are safe, dont worry.
Such a beautiful headline. Such morals in our culture.
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