Tag: Suzuki

Japanese vehicle maker jumps into microfinance in India

TOKYO — Tokyo-based startup Terra Motors, a manufacturer and distributor of electric three-wheeled vehicles, recently launched a financial subsidiary in India. Its goal is to use microfinance to lift buyers’ incomes and boost vehicle sales. But will a Japanese startup be able to thrive in India as the coronavirus spreads at a record pace? An… Continue reading Japanese vehicle maker jumps into microfinance in India

Mahindra faces 25% production cut in September due to chip shortage

The global semiconductor crisis is now badly impacting vehicle production in India. Two days after passenger vehicle market leader Maruti Suzuki announced that its production from three plants is expected to be down by a massive 60% in September due to the chip shortage, Mahindra & Mahindra has confirmed that it too is impacted by… Continue reading Mahindra faces 25% production cut in September due to chip shortage

Muted two-wheeler sales in August, industry pins hope on festive season

With the lockdown restrictions easing across India and the vaccination drive gaining traction, the two-wheeler sales see some signs of pick-up on a monthly basis. While cumulative sales numbers from six leading OEMs – 1,271,455 units indicate a 6 percent upmove month-on-month, it declined 15 percent year-on-year. Semiconductor shortages is one of the major concerns in… Continue reading Muted two-wheeler sales in August, industry pins hope on festive season

August 2021 auto sales: Consumer demand positive, supply side constraints pose challenge

In anticipation of the festive season, dealers are getting robust enquiries and order bookings across segments. New Delhi: The Indian automotive industry, it appears, is gradually getting out of the COVID-induced lockdown challenges. Except for Maruti Suzuki, all other major OEMs have reported positive sales growth in August 2021 compared to the same last year.… Continue reading August 2021 auto sales: Consumer demand positive, supply side constraints pose challenge

Semiconductor shortage chips into car sales in August

Domestic sales in the passenger vehicle (PV) segment in India took a beating in August 2021, what with carmakers grappling with the ongoing global semiconductor shortage, which has compelled companies to cut production due to unavailability of electronic chips. Carmakers such as Maruti Suzuki India have reportied an 8.71 percent drop in wholesales to dealers but… Continue reading Semiconductor shortage chips into car sales in August

Drought and fire fuel chip shortage, TSMC sees it extending into 2022

As the chip shortage continues to affect auto production, spike in demand for electronics may not be the only trigger for the shortage. Drought in Taiwan and fire at Japan’s Renesas Electronics earlier this year may have exacerbated the crisis. One of the world’s biggest semiconductor producers, Taiwan’s TSMC has said the shortages will extend into 2022 but… Continue reading Drought and fire fuel chip shortage, TSMC sees it extending into 2022

Auto sales preview: Sales recovery to continue in August but supply-side issues persist

NEW DELHI: Commercial vehicles (CVs) and two-wheelers volumes are likely to report strong sales in August, while tractor volumes may see some seasonal softness, say market experts. Demand for personal vehicles (PVs) might remain strong, notwithstanding supply-side challenges, say the experts tracking the sector. Dealers are witnessing a strong rise in enquiries and order booking… Continue reading Auto sales preview: Sales recovery to continue in August but supply-side issues persist

Maruti Suzuki hit by chip shortage, September output to be down by 60% 

Passenger vehicle market leader Maruti Suzuki India has, in a regulatory filing, said that its production in September 2021 is likely to take a big hit. In a statement the company said, “Owing to a supply constraint of electronic components due to the semiconductor shortage situation, the company is expecting an adverse impact on vehicle production… Continue reading Maruti Suzuki hit by chip shortage, September output to be down by 60% 

FADA president says supply-demand mismatch likely in festive season

September has dawned and with it the oncoming of the festive season in India, when consumers often buy a new vehicle on two, four or more wheels. While demand for passenger vehicles is on the rise, supply chain issues loom large and could prove to be a spoilsport for the PV industry. According to the… Continue reading FADA president says supply-demand mismatch likely in festive season