financetom
Business
financetom
/
Business
/
Import delay from China could impact production in April: Dixon Tech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Import delay from China could impact production in April: Dixon Tech
Mar 22, 2022 3:26 AM

Delay in imports from China could impact production in April, said Atul Lall, managing director of Dixon Technologies India, on Tuesday, adding that the inventory available is for 15-20 days for mobile and televisions.

With rising cases of COVID-19 in China and several cities seeing fresh lockdowns, there are reports that the supply of parts from China is delayed by 10-15 days and finished goods imports are also likely to take a hit.

In an interview to CNBC-TV18, Lall said, “We import products from China across all our verticals whether its television, mobile phones, LED lightings and washing machines.”

Also Read: Would prefer investing in India than China: Mark Matthews

According to him, there is a delay for a week in imports from Shenzhen. “Our shipments have been delayed by a week or so which will have an impact sometime in the latter half of April,” Lall said.

For more details, watch the accompanying video

Catch latest stock market updates with CNBCTV18.com's blog

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ICF Gets $40 Million Contract to Upgrade Home Energy Systems
ICF Gets $40 Million Contract to Upgrade Home Energy Systems
Aug 25, 2025
04:25 PM EDT, 08/25/2025 (MT Newswires) -- ICF International ( ICFI ) said late Monday it has been awarded a multi-year, $40 million contract to implement residential energy programs across six Southern California counties. ICF said it will partner with local community organizations and trade allies to help the counties integrate no-cost energy and electrification upgrades into existing home infrastructures....
NI Holdings Board Approves $5 Million Share Buyback Program
NI Holdings Board Approves $5 Million Share Buyback Program
Aug 25, 2025
04:29 PM EDT, 08/25/2025 (MT Newswires) -- NI Holdings ( NODK ) said late Monday its board authorized the buyback of up to $5 million of common shares as part of a strategy to drive long-term value for shareholders. The approval is in addition to the nearly $1.3 million remaining under the company's earlier repurchase program, according to a statement....
Asbury Automotive Group Insider Sold Shares Worth $286,690, According to a Recent SEC Filing
Asbury Automotive Group Insider Sold Shares Worth $286,690, According to a Recent SEC Filing
Aug 25, 2025
04:28 PM EDT, 08/25/2025 (MT Newswires) -- Jed Milstein, Senior Vice President and Chief Human Resources Officer, on August 22, 2025, sold 1,132 shares in Asbury Automotive Group ( ABG ) for $286,690. Following the Form 4 filing with the SEC, Milstein has control over a total of 11,267 common shares of the company, with 11,267 shares held directly. SEC...
Wolfspeed Fiscal Q4 Non-GAAP Loss Narrows, Revenue Decreases
Wolfspeed Fiscal Q4 Non-GAAP Loss Narrows, Revenue Decreases
Aug 25, 2025
04:29 PM EDT, 08/25/2025 (MT Newswires) -- Wolfspeed ( WOLF ) reported a fiscal Q4 non-GAAP loss late Monday of $0.77 per diluted share, narrower than a loss of $0.89 a year earlier. Analysts polled by FactSet expected a loss of $0.70 Revenue for the quarter ended June 29 was $197 million, down from $200.7 million a year earlier. Three...
Copyright 2023-2026 - www.financetom.com All Rights Reserved