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Article: Auto suppliers face a bumpy road.
- Article from:
- Economic Times (New Delhi, India)
- Article date:
- April 24, 2007
CopyrightCOPYRIGHT 2007 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr. 24--NEW DELHI -- Mohan Ramakrishnan breathes fire and ice. As managing director of the Chennai-based Rs 10-crore Sathya Auto Pvt Ltd, he's a busybody supplier of jacks and radiator caps to Hyundai, the Korean car maker.
The chaebol had even taken the Sathya staff to Korea and trained them "in the necessities of cost-effectiveness." But ask Mr Ramakrishnan about the soaring input costs or manpower retention issues, and he turns icy cold. "Escalating input costs have hit us hard.
There's also an acute shortage of qualified manpower and we end up spending 2 percent of our revenue on training. Yet they get poached by the auto majors," he rues. He's not ...