DESPITE THE SEMICONDUCTOR shortage hampering production and leading to long waiting periods for popular models, there is no dearth in the passenger-vehicle (PV) demand, which only seems to increase with the festive season approaching. While Maruti Suzuki India and Hyundai Motor India together have over 450,000 pending orders, Mahindra & Mahindra had more than 143,000 pending deliveries at the beginning of July.
Although the supply of semiconductors is getting better, it has not stabilised yet, as can be seen from the production figures. According to data shared by the industry body Society of Indian Automobile Manufacturers (Siam), the production of PVS fell 2.4% to 928,358 units in Q1FY23 from 950,954 units in Q4FY22.
However, the PV manufacturers are not only trying to procure semiconductors from alternative sources but also adjusting their production schedules and are being flexible in terms of model mix to meet the growing demand.
This story is from the July 19, 2022 edition of Financial Express Mumbai.
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This story is from the July 19, 2022 edition of Financial Express Mumbai.
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