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Passenger vehicle sales have been badly hit in October owing to the ongoing shortage of semiconductors globally. Industry executives said while there is no certainty how long the shortage will last, they are much better prepared to handle production, taking steps like reducing chips in cars.
The country’s largest carmaker Maruti Suzuki India (MSI) on Friday reported around 33 per cent decline in sales at 1,08,991 units in October. The company had sold 1,63,656 units in October last year.
The carmaker said that, according to current estimates, total vehicle production (in volume) across both its facilities in Haryana next month could be around 85 per cent.
