Edition:
India

Inzile Says Will Not Reach The Production Target For 2020 Due To Component Shortages


Friday, 25 Sep 2020 

Sept 25 (Reuters) - Inzile AB (publ) ::WILL NOT REACH THE PRODUCTION TARGET FOR 2020 DUE TO COMPONENT SHORTAGES.ABOUT TWO THIRDS OF VEHICLES THAT WERE TO BE COMPLETED DURING FALL WILL NOT BE READY FOR DELIVERY UNTIL Q1 OF 2021.DUE TO EFFECTS OF PANDEMIC SOME OF CO'S SUBCONTRACTORS ARE TEMPORARILY UNABLE TO SUPPLY COMPANY WITH NECESSARY COMPONENTS.TARGET OF 360 MANUFACTURED VEHICLES FOR 2020 TO NOT BE REACHED, BUT CO ABLE TO SECURE ABOUT A THIRD OF THIS VOLUME.DUE TO UNCERTAINTIES FROM CORONA CRISIS WE DO NOT PROVIDE A FORECAST FOR 2021.ANTICIPATE THAT DELIVERIES OF COMPONENTS THAT ARE DELAYED WILL GRADUALLY RESUME DURING Q4 2020 AND Q1 2021. 

Company Quote

33.7
2.1 +6.65%
30 Oct 2020