Edition:
India

Inzile Says Will Not Reach Production Target For 2020


Friday, 25 Sep 2020 

Sept 25 (Reuters) - Inzile AB ::SAID ON THURSDAY WILL NOT REACH PRODUCTION TARGET OF 360 COMPLETED VEHICLES FOR 2020 DUE TO COMPONENT SHORTAGES.SAYS SOME OF CO'S SUBCONTRACTORS ARE TEMPORARILY UNABLE TO SUPPLY NECESSARY COMPONENTS DUE TO PANDEMIC.ABOUT TWO THIRDS OF VEHICLES SCHEDULED TO BE COMPLETED DURING AUTUMN WILL NOT BE READY FOR DELIVERY UNTIL Q1 2021.EXPECTS DELAYED COMPONENT DELIVERIES TO GRADUALLY RESUME DURING Q4 2020 AND Q1 2021.DOES NOT PROVIDE FORECAST FOR 2021 DUE TO UNCERTAINTY CAUSED BY CORONAVIRUS. 

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20 Oct 2020