Festive season this year is likely to see fewer launches by smartphone companies and prices of existing devices could rise by 7-10 per cent as players are grappling with severe shortage of components
In this podcast, we discussed why there is a semiconductor shortage and what are its impact
Declining trend in royalty payment unlikely to cushion the fall
Automakers Daimler and BMW are planning to limit the volume of premium models they ship even as chip shortages wane across the industry
The 4G-enabled smartphone, to be priced below Rs 5,000, is crucial to Jio's strategy as it aims to win over 300 million 2G customers
The total wholesales across categories, excluding commercial vehicles, declined to 1,586,873 units last month, compared to 1,790,115 units in August 2020.
This will hit the affordable 4G segment phones particularly hard as they use a lot of low-priced high nanometer chips which are in even more short supply
Indian conglomerate Reliance Industries delayed the launch of a low-cost smartphone it is developing with Google to November, citing an industry-wide semiconductor shortage.
Automobile wholesales in India declined 11 per cent year-on-year in August, as the semiconductor shortage hit production processes across the industry, SIAM said on Friday.
Toyota Motor Corp cut its annual production target by 300,000 vehicles on Friday as rising Covid slowed output at parts factories in Vietnam and Malaysia, compounding a global shortage of auto chips.
The Japanese car maker now expects to build 9 million vehicles in the year to March 31, rather than 9.3 million
The much-awaited affordable smartphone 'JioPhone Next' is in advanced trials and its festive season roll-out will commence before Diwali, according to a statement by Jio
Automakers from Toyota Motor Corp. to General Motors Co. have been ensnared by the chip shortage, forcing many to cut vehicle output
The company has developed another chip for video transcoding to improve the experience of watching recorded and live-streamed videos on its apps, according to the report
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"Several chip suppliers have been referring to structural problems with demand," Ola Källenius told reporters during a roundtable event ahead of the Munich IAA car show
In China, Tesla shipped around 33,000 electric cars locally and to overseas markets in July
Most other auto firms in India including Tata Motors, Hyundai Motors, Kia Motors, Nissan, Renault and Honda Cars have either already curbed production or will do so soon
The announcement by Mahindra comes barely a few days after a similar move by market leader Maruti Suzuki India, which expects production to be lower by 40% in the current month
Shares of Mahindra & Mahindra on Thursday slipped over 2 per cent after the company said its production will be cut by up to 25 per cent due to semiconductor shortage. The stock declined 2.29 per cent to close at Rs 752.50 on BSE. During the day, it dipped 2.60 per cent to Rs 750.10. It was the biggest drag among the BSE 30-share frontline companies list. At NSE, it went lower by 2.26 per cent to close at Rs 752.45. In a regulatory filing, the company said its automotive division continues to face a supply shortage of semiconductors, which further accentuated due to COVID-19 lockdowns in some parts of the world. "Consequently, the company will be observing 'No Production Days' of around 7 days in its automotive division plants in the month of September 2021," it added. The move is estimated to result in a "reduction in production volumes of the automotive division in September 2021, by 20-25 per cent", it said. In August, the company sold 15,973 units of passenger vehicles in th