Passenger vehicle makers are looking to ramp up production by an average 18-20 per cent in the March quarter compared to the December quarter as the shortage of semiconductor eases. If the companies end up manufacturing vehicles according to plan, it’s likely to even exceed the pre-Covid volumes of Q4FY20, according to analyst and supplier estimates. “They all are going full throttle. But production will still not be optimal and fall short by 10-15 per cent,” said a top official at a component manufacturer that counts all the key passenger vehicle makers as its customer.

• Kotak Mahindra Bank Shares Crash 13% Post RBI Action 
• Nestle India Joins Hands With Dr Reddy for Nutritional Health Solutions 
• Inox Wind Shares Traded 9% Higher On Board Proposal For Bonus Shares Issuance
• Nestle India Stocks Gained 3% on Q4FY24 Business and Financial Updates
• Rail Vikas Nigam Shares Gain 3% on Securing Project Worth Rs 239 Crore 

India’s biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to a chip shortage.   The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent.