Though weak domestic demand is set to crimp earnings of two wheeler-manufacturers, strong exports are expected to offset this to some extent
Samsung Electronics Co Ltd on Friday flagged a 28% jump in its third-quarter operating profit to the highest in three years
The global semiconductor shortage is hitting the Indian mobiles, consumer electronics and automotive sectors hard in the midst of the festive season when sales usually peak, with the automobile industry understood to have piled up around 5 lakh pending orders. While customers usually get bargain deals or handsome festive discounts during this period, this time they are paying higher for a host of items ranging from mobile handsets and TVs to cars due to the chip shortage. Freebies have vanished from most of the automotive showrooms as manufacturers struggle to meet demand. "If you look at the demand parameters, which is reflected in bookings or in queries, they are very good. However, the supply side this year unfortunately is a little muted because of this semiconductor issue. "That is the reason why the number of bookings have built up but supplies have not come," Maruti Suzuki India Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. The auto industry, ..
Chip shortage disrupts production plans
For Maruti, sales of mini cars, comprising Alto and S-Presso, fell 45.18 per cent to 14,936 units against 27,246 units in the same month last year
The global semiconductor shortage hit passenger vehicle sales in September, with major manufacturers like Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting a decline in sales on Friday. Kia India and Honda Cars also reported a dip in wholesales last month as compared with the year-ago period. Carmakers like Tata Motors, Toyota Kirloskar Motor, Nissan and Skoda, however, reported an increase in passenger vehicle dispatches last month despite supply chain issues. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales slipped 54.9 per cent to 68,815 units last month as against 1,52,608 units in September 2020. "Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components. The company took all possible measures to limit the adverse impact," the auto major stated. Barring exports, the company reported a dip in all segments, including utility vehicles and compact hatchback dispatches in ...
MSI expects total vehicle production volume in October at two of its plants to be around 60% of normal levels due to a shortage of semiconductors
According to analysts at Emkay Global, commercial vehicles (CVs) should maintain positive momentum in September while passenger vehicles (PVs) volumes are likely to be hit by the chip shortages
Semiconductor supply shortage is expected to further impact passenger vehicles (PVs) sale volumes in September.
Tesla CEO Elon Musk has disclosed he is confident that the ongoing chip shortage will be solved by 2022, despite others having reservations.
Participants in Secretary of Commerce Gina Raimondo's meeting included Detroit's Big Three automakers, plus Apple, Daimler, BMW, GlobalFoundries, Micron, Microsoft, Samsung , TSMC, Intel, and Ampere
Shortage costs balloon more than 90%; sales to suffer
A top company executive said that it is also going to expand its presence in the electric vehicle space by launching a new car in the below Rs 20 lakh category
Chip lead times, the gap between ordering a semiconductor and taking delivery, increased by 6 days to about 21 weeks in August from the previous month
Maruti Suzuki India on Wednesday said its total production in August declined by 8 per cent on a yearly basis to 1,13,937 units as semiconductor shortage impacted its manufacturing schedules.
Auto sector to be among the most affected by the crisis
India needs to create a semiconductor ecosystem to avoid being crippled by the kind of shortages that have hit industries across the globe. But is the plan sound enough this time? Let's understand
What does telecom relief mean for Vodafone Idea's future? Should India's semiconductor plan really get us excited? Who gained the most from digitisation? Listen to the podcast to get the answers
Everybody in the ecosystem is hoarding, or buying excess chips. Some are even buying four times their usual requirements
Nan Ya Printed Circuit Board Corp. makes an essential component for chipmaking that has become the latest bottleneck for automakers and electronics companies suffering from semiconductor shortages