India’s largest carmaker, Maruti Suzuki, on Tuesday informed BSE that it has been adversely impacted by the shortage of semiconductors. Due to this, it has cut down production for the month of September.
In a statement to BSE, the company said, owing to a supply constraint of electronic components due to the semiconductor shortage, the company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company Suzuki Motor Gujarat.
“Though the situation is quite dynamic, it is currently estimated that the total vehicle production volume across both locations could be around 40% of normal production,” it added.
On Monday, the carmaker informed that it will hike the prices of all its models due to the rising input costs of raw materials. This is the third price hike from the company in 2021 itself.