The havoc of the Coronavirus in China could significantly affect the sales of top electronics companies, especially smartphones such as Apple, One Plus and Xiaomi. Also specifically listed on e-commerce platforms like Amazon and Flipkart. According to the same report, smartphone production is expected to fall by 12% during the first three months of this year. Sales of other electronics goods including mobile phones, laptops imported from China have decreased. Electronics goods coming from China are many times cheaper than India. Apart from this, there is a lot of demand in its market.
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There was a program to reopen the business in China on Monday. But some provinces and districts have advised companies not to start work before March 1. The main markets of the same top electronics companies are India and China, but the production of many companies has also come to a standstill due to the fear of this dangerous virus. In addition, imports and exports are being affected. Apart from this, experts in auto companies have feared that the crisis may intensify due to the outbreak of Coronavirus in China.
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The same can affect the auto companies around the world and they can even stop production. The concern of these experts was seen to change in reality at that time. When Kia Motors (Kia Motors) announced the closure of all production lines at its three factories in South Korea. A spokesperson for Kia Motors said that the wire coming from China is used in their cars, but this wire is not coming now, so it has been decided to stop production. Earlier, Hyundai Motors had also stopped production due to a lack of goods in South Korea.
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