Chip shortages have compelled many corporations to chop manufacturing in India throughout the month-long festive season, throughout which individuals normally store for large tickets, together with autos.
see picturesThe Society of Indian Automobile Manufacturers (SIAM) mentioned manufacturing was additionally down by round 37%.
Domestic automobile and sport-utility automobile (SUV) gross sales in India fell 41% in September from a 12 months earlier, an auto trade group mentioned on Thursday, because the semiconductor disaster and better commodity costs added to issues for automakers. The Society of Indian Automobile Manufacturers (SIAM) mentioned manufacturing was additionally down by round 37%.
SIAM President Kenichi Ayukawa mentioned, “While we are seeing an improvement in demand for vehicles, on the other hand the shortage of semiconductor chips is becoming a major concern for the industry.”
Lower manufacturing has elevated wait occasions for consumers, Ayukawa mentioned
Chip shortages have compelled many corporations to chop manufacturing throughout the month-long festive season in India beginning this month, throughout which individuals normally store for large tickets, together with autos.
Ayukawa, managing director of India’s largest carmaker Maruti Suzuki, mentioned low manufacturing has elevated the ready time for consumers.
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SIAM mentioned complete home passenger automobile gross sales in September fell to 160,070 items from 272,027 items a 12 months in the past, whereas motorbike and scooter gross sales fell to 1.5 million items from 1.8 million items a 12 months in the past.
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With inputs from NDTV
