Maruti Suzuki production to hit in September due to semiconductor shortage

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Maruti Suzuki India share price slipped more than 1 percent on Septemebr 1 as company expect production in September to hit due to the semiconductor shortage.

“Owing to a supply constraint of electronic components due to the semiconductor shortage situation, the company is expecting an adverse impact on vehicle production in the month of September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt. Ltd. (SMG) in Gujarat,” company said in its release.

Though the situation is quite dynamic, it is currently estimated that the total vehicle production volume across both locations could be around 40 percent of normal production.

News Source:- Moneycontrol

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