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Maruti Suzuki expects chip shortage to continue for few more quarters

Maruti Suzuki expects chip shortage to continue for few more quarters

The Hindu
Sunday, March 05, 2023 06:38:56 AM UTC

The country's largest carmaker has seen its pending bookings stretch to 3.69 lakh units; Ertiga, Grand Vitara and Brezza all have an order backlog

Maruti Suzuki India expects semiconductor shortage to continue for the next few quarters leading to a further increase in order backlog of certain models, according to a senior company official.

The country's largest carmaker has seen its pending bookings stretch to 3.69 lakh units with Ertiga leading the pack with close to 94,000 bookings.

Other models like Grand Vitara and Brezza have an order backlog of around 37,000 and 61,500 units, respectively.

Further, the company has received around 22,000 and 12,000 bookings, respectively, for Jimny and Fronx.

Due to the chip shortage, Maruti Suzuki India (MSI) has already witnessed a production loss of close to 46,000 units in October-December period and is expecting some impact on the production in the ongoing quarter as well.

ALSO READ | Maruti Suzuki hikes vehicle prices by around 1.1% across models

"The semiconductor shortage still continues. Last quarter we lost 46,000 units due to this issue and this quarter also the problem continues for a few models," Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava told PTI in an interaction.

Read full story on The Hindu
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