Semiconductor supply shortage is expected to further impact passenger vehicles (PVs) sale volumes in September.
Lately, a global supply chain shortage of semiconductors have badly impacted automobile production.
The electronic component is used in variety of functions which play a critical part in the production of internal combustion engines.
Besides, they are an integral part of all kinds of sensors and controls in any vehicle.
At present, these shortages have forced several OEMs to slow down production, thus, further extending the waiting periods of popular, feature-rich and high-end models.
According to India Ratings and Research (Ind-Ra) report, the semiconductor shortage will further impact PV volumes in September.
Furthermore, it said that ‘2W’ volumes may remain tepid in September, although sequential recovery is expected to continue in 2HFY22, aided by demand coming from the reopening of educational institutes and offices.