Semiconductor shortage to dent Maruti Suzuki's production in August
IANS 05 August 2021
Automobile major Maruti Suzuki's production will be partially impacted in August due to semiconductor shortages.
On Wednesday, the auto major, in a regulatory filing to the BSE, said that the company has been informed by its contract manufacturer -- Suzuki Motor Gujarat -- that production will be partially impacted in this month.
"This is to inform you that owing to the semiconductor shortage situation, the Company has been informed by its contract manufacturing company, Suzuki Motor Gujarat Private Limited (SMG), that production will be partially impacted in this month," the filing said.
"SMG will tentatively not carry out production on the three Saturdays (7th, 14th and 21st August)."
Besides, the company said some of the production lines may see temporary reduction from two-shift to one-shift working.
"As the situation is dynamic and uncertain, the company will monitor and take a day-to-day decision on models, lines or shifts to optimise resources for maximum efficiency."
Globally, various industries including consumer durables as well as automobiles and other sub-segments are facing semiconductor or electronic chip shortages due to high demand.
Earlier, the International Data Corporation (IDC) said: "Supply constraints will continue through 2021. While shortages initially occurred in automotive semiconductors, the impact is being felt across the board in semiconductors manufactured at older technology nodes."
The industry will continue to struggle to rebalance across different industry segments, it said while investment in capacity now will improve the industry's resiliency in a few years.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Parliament clears LLP amendment bill, decriminalises provisions
IANS 05 August 2021
The Rajya Sabha on Wednesday cleared the 'Limited Liability Partnership Amendment Bill' that aims to accelerate the 'Ease Of Doing Business' campaign of the government and brings regulations for this segment at par with other large...
SC Upholds Dream11 Online Fantasy Sports Format as Game of Skill
Moneylife Digital Team 04 August 2021
While dismissing a special leave petition (SLP), the Supreme Court has upheld that the online fantasy sports format offered by Dream11 is game of skill. The SLP has alleged that the online fantasy sports (OFS) format offered by...
Over 360 UDAN air routes operational now
IANS 04 August 2021
India has till date operationalised 361 air routes under the regional connectivity scheme 'Ude Desh Ka Aam Nagrik' or RCS-Udan.
The scheme was launched in 2016. Under it, airlines are provided with a 'Viability Gap...
What Next for Vodafone Idea? Merger with BSNL or Fire Sale Like Satyam?
IANS 03 August 2021
A difficult decision awaits Vodafone Idea after one promoter, Kumar Mangalam Birla offered to give up his stake.
The Modi government, where the matter now rests, will have to take a tough call on a possible merger with...
Free Helpline
Legal Credit