Automakers from Toyota Motor Corp. to General Motors Co. have been ensnared by the chip shortage, forcing many to cut vehicle output
Leading automakers Maruti Suzuki, Toyota Kirloskar Motor and Mahindra & Mahindra expect sales to be better this festive season compared to last year even as the chip shortage continues to make situation challenging with companies struggling to sustain production schedules. The festive season, which began with Onam, culminates with Diwali celebrations in November. Automakers have witnessed robust demand so far and are now looking to spruce up supplies to dealers in order to serve customers during the peak of festive period in October. "At the moment demand looks ok. It is slightly better than last year. If we look at the bookings, enquiries, retails, these are robust. On the supply side of course we may have some adverse effects, we are monitoring that," Maruti Suzuki India (MSI) Senior Executive Director Shashank Srivastava told PTI. The company would intend to build sufficient inventory before Navaratras to serve the spike in demand, but of course it all depends on the ...
Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages
The suppliers' delivery time index component of the manufacturing PMI declined in eight out of nine Asian economies in August to an average of 41.3 from 42.0 in July - both below the 50 mark threshold
The shortage of such a crucial component has been impacting the automotive industry globally along with other industries, forcing them to cut down on production.
The UK's anti-trust watchdog has raised serious concerns about graphics giant Nvidias $40 billion takeover of Softbank-owned British chip designer ARM
Chipmaker MediaTek has emerged as the preferred chipset partner for smartphone original equipment manufacturers (OEMs) in India in the first half of 2021, a report said on Friday.
The statement comes days after Tata Group announced its intention to enter the semiconductor business
Toyota Motor Corp will reduce global production for September by 40% from its previous plan, the Nikkei business daily reported on Thursday
Volkswagen may need to cut production further due to a semiconductor supply bottleneck, the German carmaker said on Thursday.
China's vehicle sales slid in July for a third consecutive month, hit hard by flooding in some areas of the country, Covid-19 outbreaks in other areas and the global shortage of semiconductors
Tata Group is looking to make a foray into semiconductor manufacturing, Chairman N Chandrasekaran said on Monday. Pegging the market opportunity of high-tech manufacturing of electronics at USD 1 trillion, Chandrasekaran said Tata Group has already set up a business to seize the opportunity. His remarks come days after the USD 100-billion group announced entry into 5G equipment manufacturing and a string of acquisitions to create the Tata Digital business. Semiconductor manufacturing, which involves building chipsets among other things, requires high investments and India does not have any such facility yet. Chandrasekaran explained that alterations to the global supply chains, which are heavily dependent on China, in the aftermath of the pandemic and geopolitical changes, will make businesses shift their reliance on other countries and called this a huge opportunity for India, which becomes the second base. At the Tata Group, we have already pivoted into a number of new businesse
BMW has so far been relatively less affected by the global chip shortage that some of its peers across the auto industry, which has been attributed to its strong relations with its supplier base
The chip industry is divided largely into players who design and fabricate their own chips; those who only design chips; and those who only fabricate chips
Apple executives also said that while the impact of the chip shortage was less severe than feared in the third quarter, it will get worse in the fourth, extending to iPhone production
Chip maker Intel has detailed an ambitious architecture roadmap, showcasing a series of foundational innovations that will power products through 2025 and beyond
The automotive sector has suffered the most this year but supply to the sector could improve relatively soon, with China taking up some production demand that Taiwan could not meet
Some carmakers have adapted to the chip shortage by dropping features from their models
Vehicles, computers, mobile phones, and other smart gadgets, with sticker prices ranging up to thousands of dollars, are stuck on assembly lines for lack of components
The country needs to focus on creating a semiconductor ecosystem of its own, to avoid being crippled by shortages