Mercedes-Benz logo (File Photo | Reuters) 
Business

Auto industry well prepared to deal with coronavirus impact, says Mercedes-Benz official

Mercedes-Benz India MD Martin Schwenk beleives that the the auto industry is probably one of the best prepared industries to tackle the outbreak.

From our online archive

BENGALURU: The global automobile industry is well prepared to deal with the impact of the coronavirus outbreak due to its strong supply chain management mechanism, according to a senior Mercedes-Benz official.

"I firmly believe the auto industry is probably one of the best prepared industries for this type of problem because it has lot of experience in supply chain management", Managing Director and CEO, Mercedes-Benz India, Martin Schwenk told PTI here.

He said there has always been "some kind of disruptions" that the auto industry faced in the past. Schwenk referred to tsunami that hit Japan in 2011, as an example, saying its ripple effects were felt at the time in the entire global auto industry.

"Every manufacturer has set up processes, procedures and teams to deal with that (supply chain disruptions). I would believe the industry should be able to mitigate to some extent the impacts (of the coronavirus)", he said.

Trump says US forces will 'finish the job' soon in first prime-time speech since starting Iran war

April 16-18 special session coming to add Lok Sabha seats for women quota

7.4 magnitude quake off Indonesia triggers tsunami warning, 30-centimetre-high waves

West Asia conflict: PM reviews supply chains, price stability, diversification for LPG and LNG in CCS meeting

Amazon's cloud computing facility in Bahrain hit in Iranian strike, reports Financial Times

SCROLL FOR NEXT