The facility of Mobis supplies audio components and few other automotive parts to Hyundai.
The Company and Mobis teams are working closely to assess the situation and extent of damage to Mobis facility, Hyundai said in a stock exchange filing.
This incident will result in temporary disruption to Company’s production, Hyundai said.
However, alternative sourcing and supply continuity measures are being actively explored to minimize the operational impact. There is sufficient vehicle inventory in our dealer network to take care of the customer demand, the company said.
