The concern of chip shortages has equally decimated the auto part trade, the place part producers have additionally seen manufacturing cuts.
The semiconductor drawback has been plaguing automakers for nearly a 12 months now. This has reduce manufacturing throughout the trade and thus prolonged the ready interval by nearly a 12 months for some newer and higher-volume fashions. That stated, the state of affairs has equally disrupted the auto part trade, the place part producers have additionally seen manufacturing cuts. Continental Automotive India, one in all our market main suppliers, has additionally seen its quantity decline by round 30 % in 2021.
Automotive market expert stated, “When we speak about semiconductor scarcity, which the world has seen, as a trade Globally the automotive market noticed over 30 % quantity decline.” At Continental they has been capable of managing the effect, they has been inside numbers, however as a part of the trade they noticed an analogous quantity of erosion around 30 %.
Sharing his views additionally stated that the headwinds are prone to proceed within the first half of 2022 and the problem of chip scarcity will stay. It is simply after June 2022 that the corporate is anticipating the state of affairs to normalize and see some enchancment. Even the trade has registered decrease gross sales this festive season as deliveries obtained delayed and dealerships couldn’t take extra bookings for this era. As per the info compiled by JATO, the common low cost stage has come down by greater than 50 per cent since 2019 and 28 out of 88 fashions bought in India are usually not attracting any low cost this festive season.
