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Auto cos shut ops as lack of O2 hits parts supplies
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Auto cos shut ops as lack of O2 hits parts supplies
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CHENNAI: While automotive vehicle manufacturers opt for shutting down plants to avoid inventory pile up as major sales markets are under complete lockdown, shop floor managers are witnessing shortage of auto parts - made using cutting and welding sheet metals - as oxygen supplies, key to cutting metals, are diverted for medical purposes.
In a bid to make available oxygen for medical purposes, the government has imposed restrictions on its industrial use. The iron and steel sector, which are oxygen guzzlers, have diverted their entire oxygen production to hospitals. Besides, cutting sheet metal also requires oxygen gas, before they are welded. Thus, some welded parts that are required by auto companies are in short supply.
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MSMEs, already laid low, run into price rise hurdle December 11, 2020, 3:22 PM IST
It has been a case of surmounting one hurdle after another for the micro, small and medium enterprises (MSMEs), the backbone of Tamil Nadu’s strong manufacturing base in engineering and automobile sectors, throughout 2020. As the year draws to a close, the segment is facing fresh trouble over surging raw material prices.
If the general economic sluggishness marred the sector at the beginning of the year, the Covid-19 pandemic and the subsequent lockdowns brought the operations to a near standstill in the March-May period along with the exodus of guest workers. “Most MSME units were in despair in March when they had to shut due to Covid lockdown. While the Centre’s financial package, which permitted a 20% increase in the existing borrowing limit of the units from banks, the money that came in was used to manage running costs of sustaining operations of the companies rather tha