DelhiDesk: Maruti Suzuki, the largest car company in India, has expressed concerns about a potential loss in production in the first quarter of the current financial year due to a shortage of electronic spare parts. The company has been facing a chip crisis for a while, and its suppliers are struggling to meet market demand. The pending orders for the company have crossed 4 lakh units, with Ertiga having the highest number of 1 lakh orders pending. However, the company expects the chip supply situation to improve in the coming months, with an anticipated improvement from July onwards. In April, the company produced 1,44,097 vehicles, which is 6% less than the production of the same month last year.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉 Maruti Suzuki expresses apprehension of production loss in Q1 of current financial year
👉 Shortage of electronic spare parts causing possibility of production loss
👉 Chip crisis causing suppliers to not meet market demand
👉 Pending orders for Ertiga exceed 1 lakh units
👉 Production loss of 1.7 lakh units in last financial year
👉 Chip supply situation expected to improve from July onwards
👉 Company produced 1,44,097 vehicles in April, 6% less than production in same month last year
👉 Semiconductors used for control and memory functions in vehicles and other electronic products
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