Hit by ‘cyber attack’, Suzuki Motorcycle India halts production at its factories: report
After being hit by an alleged ‘cyber attack’ on its operations, Suzuki Motorcycle India has been forced to halt production at its factories, reported car on May 19.
According to reports, production has been shut down since May 10 and it is estimated there may have been a production loss of more than 20,000 vehicles during this period.
In fact, a few days ago, Suzuki Motorcycle informed its ecosystem that it has postponed its annual supplier conference – scheduled for next week – citing an “unprecedented business need.”
“We are aware of the incident and have immediately reported it to the relevant government department. The matter is currently under investigation and for security reasons we are unable to provide further details at this time.” car quoted a spokesman for Suzuki Motorcycle India.
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Although the spokesperson did not specify the source of the attack or hint when production will resume. Work is expected to resume next week.
In fiscal year 2023, Suzuki Motorcycle was the nation’s fifth-largest producer of two-wheelers, with nearly one million units produced. Suzuki Motorcycle is a major export hub for Suzuki Motor Japan, with 20% of India’s output targeting key global markets.
In Fiscal Year 2022, India accounted for 50% of Suzuki Motor Corporation’s global production. The company’s global production increased by more than 2.2 lakh units in FY23, with nearly 85% of incremental volumes coming from India.
According to details, in the highly competitive Indian two-wheeler market, Suzuki Motorcycle has a market share of almost 5%, with its range of Burgman Street and Access scooters serving the market. Both scooters accounted for more than 90% of total production in FY23. The company has a 14% market share in this space.