Long waiting periods and negligible discounts: Semi-conductor shortage woes for car buyers

NEW DELHI: Ready intervals working into a number of months, manufacturing cuts and near-negligible reductions mark the festive season as semiconductor shortages have seen corporations slash wholesale deliveries, even within the month previous Diwali.
Mirroring the dismal pattern seen over the previous few months, wholesales deliveries for corporations similar to Maruti, Hyundai, Honda and Kia was down as soon as once more as corporations confronted problem in sourcing semiconductors.
Nevertheless, some managed to duck the unfavorable pattern – maybe because of comparatively higher provides – and reported a progress in numbers, and these included Tata Motors, Mahindra & Mahindra and Toyota.
Maruti has stated it has a backlog of two lakh deliveries, and the corporate has been taking steps to beef up its semiconductor in instances of shortages.
Chairman RC Bhargava stated that availability of the chips is essential for the corporate to reduce rapidly, and resume its regular manufacturing schedules which have been underneath stress for the previous few months.
Hyundai additionally complained of the issues, and blamed it on world semi-conductor provide constraint. It stated that the state of affairs “continues to be a problem, leading to decrease manufacturing throughout the trade.”
Veejay Nakra, CEO of Mahindra’s automotive division, stated that offer chain points round semi-conductor associated components proceed to be dynamic.
There’s a ready interval of as much as six months on sure fashions, and these embody these from Korean corporations Hyundai and Kia.
On the two-wheeler facet, demand for bigger gamers similar to Hero MotoCorp continues to be a problem as many shoppers steer clear of the market because of excessive costs of petrol and in addition elevated car costs.