Maruti Suzuki October wholesale dip 32% due to chip shortage

Maruti Suzuki October wholesale dip 32% due to chip shortage

Maruti Suzuki, Country’s largest car maker, on Monday reported 32% decline in domestic wholesale during October despite growing consumer demand as a shortage of semiconductors limited production.
Maruti Suzuki supplied 112,788 cars to its dealers during the month compared to 166,825 units during October last year. Supplies to Toyota Kirloskar Motors for re-badged products Glanza and Urban Cruiser came in at 4,225 units, down 30% year-on-year.

However, the impact of the chip shortage was lower than estimated at the beginning of the month.
While the shortage of electronic components continued to affect the production of vehicles during the month, the company took all possible measures to minimise the impact.
The shortage of semiconductors meant that carmakers in India have not been able to capitalise on the peak festive demand for new vehicles. Waiting periods on popular models now range around 5-6 months. In extreme cases, customers may have to wait up to a year to get their new car.

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