Adani Enterp. 2433.95↓-11.10(-0.45%)
Adani Ports 738.80↑2.20(0.30%)
Apollo Hospitals 4950.20↓-17.10(-0.34%)
Asian Paints 3199.75↓-37.50(-1.16%)
Axis Bank 950.85↑24.75(2.67%)
B P C L 356.80↓-3.25(-0.90%)
Bajaj Auto 4710.05↑40.95(0.88%)
Bajaj Finance 7043.20↑19.30(0.27%)
Bajaj Finserv 1458.90↑1.65(0.11%)
Bharti Airtel 834.50↓-2.00(-0.24%)
Britannia Inds. 4682.60↑28.45(0.61%)
Cipla 974.80↑8.95(0.93%)
Coal India 229.70↓-1.20(-0.52%)
Divi's Lab. 3462.30↓-49.30(-1.40%)
Dr Reddy's Labs 4603.55↓-6.90(-0.15%)
Eicher Motors 3673.25↓-26.15(-0.71%)
Grasim Inds 1734.50↑23.95(1.40%)
H D F C 2644.80↓-1.10(-0.04%)
HCL Technologies 1138.30↑1.25(0.11%)
HDFC Bank 1604.40↓-2.10(-0.13%)
HDFC Life Insur. 574.15↓-2.25(-0.39%)
Hero Motocorp 2870.60↓-22.05(-0.76%)
Hind. Unilever 2695.80↓-20.90(-0.77%)
Hindalco Inds. 419.70↓-1.05(-0.25%)
ICICI Bank 946.75↑8.60(0.92%)
IndusInd Bank 1301.80↑13.60(1.06%)
Infosys 1304.50↑5.50(0.42%)
ITC 440.65↓-2.75(-0.62%)
JSW Steel 712.15↑5.55(0.79%)
Kotak Mah. Bank 1924.90↓-13.85(-0.71%)
Larsen & Toubro 2268.30↑33.75(1.51%)
M & M 1395.40↑54.00(4.03%)
Maruti Suzuki 9582.10↑96.75(1.02%)
Nestle India 21834.15↓-212.30(-0.96%)
NTPC 174.10↓-0.45(-0.26%)
O N G C 155.40↑0.70(0.45%)
Power Grid Corpn 235.60↑1.00(0.43%)
Reliance Industr 2477.25↑22.05(0.90%)
SBI Life Insuran 1215.40↑12.90(1.07%)
St Bk of India 587.20↓0.00(0.00%)
Sun Pharma.Inds. 1008.75↑9.15(0.92%)
Tata Consumer 792.45↓-3.60(-0.45%)
Tata Motors 546.25↑10.35(1.93%)
Tata Steel 109.40↑1.40(1.30%)
TCS 3288.90↓-16.70(-0.51%)
Tech Mahindra 1109.35↓-13.75(-1.22%)
Titan Company 2855.70↓-5.95(-0.21%)
UltraTech Cem. 7882.00↑31.35(0.40%)
UPL 690.00↑6.65(0.97%)
Wipro 404.20↓-0.75(-0.19%)

Maruti Suzuki profit slides as chip shortage slams production

An estimated 116,000 vehicles could not be produced due to the electronics component shortage

Maruti Suzuki India’s royalty payments to parent Suzuki Motor Corp, which used to be investors’ concern till three years ago, touched the lowest in a decade in the financial year ended March 31.

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1 min read Last Updated : Oct 27 2021 | 2:17 PM IST

Maruti Suzuki India Ltd posted a 65.3% plunge in second-quarter net profit on Wednesday, as a worldwide semiconductor shortage hammered production at the country's largest carmaker.

Car makers have been forced to make sharp production cuts this year as supply chain disruptions and booming demand for consumer electronics have led to an acute shortage of chips, which have become a critical component in automobiles, powering everything from fuel injection to entertainment systems.

Maruti cut production by 60% in September, citing the shortage. Its passenger car sales for the month dipped 67.4%.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)