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Mumbai, Mar 17 :Auto major Mahindra & Mahindra (M&M) today said there would be an impact on auto component supplies this month, due to the calamity in Japan but it will not impact the sales of the company.
"Yes, imports of some automobile components from Japan are likely be affected this month (March) because of the recent earthquake and tsunami in Japan. But I do not think it (Japan situation) will have an impact on the sales of our company," M&M Automotive President Pawan Goenka told reporters here.
The Japan earthquake and tsunami have been devastating for the automobile industry and also hit the component supply industry.
Goenka, who has been appointed as Chairman of South Korea''s Ssangyong Motor Company (SYMC) said the company plans to set up assembly unit for SYMC vehicles at Chakan near Pune by this year-end.
"We are planning to set up assembly unit for SYMC vehicles at Chakan near Pune by 2011," he said, adding the investment would be less than Rs 100 crore.
Mahindra has taken control of the South Korean car maker after buying a 70 per cent stake in it. .
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