Hyundai Motor Co., India’s second-largest car maker, has asked its vendors, including tyre maker Continental AG and Aptiv Plc and others, to avoid any disruption in output in future and cut its dependence on China, Ganesh Mani S., director of production at Hyundai Motor’s India unit, said in an interview. Be it Bosch, Continental and some of our Korean vendors, these companies will not only be our partner in Korea or India, but they will also be working closely with us in multiple ways, he said. Hyundai Motor is seeking to develop India as a global sourcing hub for vehicle parts as part of a broader effort to reduce its over reliance on China.
Korean firms such as Hyundai and Samsung are scaling back production in China amid trade tensions with the US and relocating their factories in markets such as India and Vietnam. Hyundai has also boosted efforts to work closely with its foreign suppliers in India following disruptions in vehicle production after the coronavirus outbreak in China.
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