Global chip shortage will affect production rate: Maruti Suzuki

02 Sep 2021 CW Team

Indian car manufacturing major Maruti Suzuki told the media that the global ship shortage had affected the production at its plants in Haryana and Gujarat in September.

The overall production volume in both locations can be nearly 40% of the usual output.

Indian carmakers have been hit by the disruptions in the semiconductor supply chain during the Covid-19 pandemic, which hit the demand for chips used in electronic appliances like computers as people worked from home due to the pandemic and hit output at many automakers.

Both the carmakers, Tata Motors and Mahindra Limited, have warned about the impact of the rising price of commodities and a global semiconductor shortage, including the uncertainty caused by the Covid-19 pandemic.

In July, Tata Motors told the media that the chip supply in the second quarter was expected to be higher than in the first quarter. It is likely that the wholesale volumes of its Jaguar Land Rover to be about 50% lower than planned.

Earlier, analysts said that Maruti Suzuki was in a better position than its competitors because the company was not dependent on one vendor for chips. But R C Bhargava, the Chairman of Maruti Suzuki, has said that the semiconductor crisis is not yet over, and it is difficult to predict the future of what will happen.

Image Source

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..