Maruti Suzuki’s production hit for 2nd straight month amid chip shortage, shares slide
India Today
Maruti Suzuki said car production will be lower than its normal output in October due to the ongoing global chip shortage.
The country’s top carmaker Maruti Suzuki will produce fewer cars in October due to the ongoing global chip crisis, said the company in a regulatory filing. The automaker said it expects vehicle production at two of its plants to be around 60 per cent of normal levels.
Shares of Maruti Suzuki ended 2.39 per cent lower on the Bombay Stock Exchange (BSE) after the company’s statement.
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