Hyundai India eyes festive season, not to shut down any plant due to microchip shortage - Business News: Latest News & Videos about market and economy | Trendmergers

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Hyundai India eyes festive season, not to shut down any plant due to microchip shortage

Several carmakers in India, including Maruti Suzuki, Tata Motors and Renault-Nissan, have curtailed production and announced plant holidays over the last few weeks due to semiconductor shortage. The production loss in the domestic passenger vehicle segment in the current quarter on account of chip shortage is estimated to be around 100,000 units, impacting build-up of inventory utilised to meet higher demand in the festival months.

from Industry-Economic Times
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