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On Wednesday, Maruti Suzuki India has said that the total production in August declined by 8 per cent every year to 1,13,937 units as the semiconductor shortage impacted its manufacturing schedules.
The company had produced a total of 1,23,769 units in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing.
“The company’s production volume in August 2021 was affected due to electronic components shortage,” the auto major noted.
Semiconductors are silicon chips that cater to conAtrol and memory functions in automobiles, computers and cell phones to various other electronic items.
The usage of semiconductors in the auto industry has gone up globally recently, with new models coming with more and more electronic features such as Bluetooth connectivity and driver-assist, navigation and hybrid-electric systems.
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MSI said total passenger vehicle production stood at 1,11,368 units last month, against 1,21,381 units in August 2020.
Stock Covered in the news
