The stock of components in several smartphone and electronic factories has reached critically low levels because import consignments, particularly from China, are piled up for customs clearance, and several manufacturers said they may have to stop production this week.
Three senior industry executives said components of brands like Xiaomi, Oppo, Realme, Haier and Carrier Midea among others are stuck for custom clearance for more than a week now, impacting their production plans.Jaina Group, owner of Karbonn smartphones and licensee of Sansui TV brands, already shut down its plant last Friday.