Country's largest carmaker Maruti reports 33% decline in October sales
Semiconductors are silicon chips that cater to control and memory functions in products ranging from automobiles, computers and cellphones to various other electronic items
Semiconductors are everywhere in products and devices that we use everyday as well as in infrastructure such as data centres.
Business Standard brings you the top headlines at this hour
Qualcomm projects that some demand-supply equilibrium may be achieved by early 2022, but shortage in automobile sector may last longer
Supplies unlikely to ease before end of 2022, downside risk remains; normalisation can only be envisaged by end of second half of next calendar
Global majors such as Qualcomm, Intel, Mediatek, Infineon, and Texas Instruments have their research and development in India which contribute in the development of their chipsets.
The supply situation that's characterized by "disruptions, unpredictability and a lack of freight capacity" is delaying deliveries to customers, Volvo Chief Executive Officer Martin Lundstedt said
High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage
A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year
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.