Maruti production still affected due to semiconductor shortage: CFO
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The supply situation has improved in the third quarter ending December 31, 2022, as compared to the second quarter of this financial year, but the country’s largest car maker Semiconductor will not produce around 46,000 units in the October-December period due to shortage Has been able to
New Delhi. Semiconductor supply continues to be a problem, affecting Maruti Suzuki India’s (MSI) production. The company’s Chief Financial Officer (CFO) Ajay Seth has said this. To deal with this situation, the automotive giant is now working on ways to maximize its production from the available supply of electronic components. Though the supply situation has improved in the third quarter ending December 31, 2022, compared to the second quarter of this fiscal, the country’s largest carmaker is expected to sell around 46,000 units in the October-December period due to semiconductor shortages. could not produce.
“Electronic component shortages are a challenge to our production plans,” Seth said in an analyst call. Spare parts shortages are still affecting our production. He said that the situation of supply of electronic components has still not been rectified. “Our supply chain, engineering, production and sales teams are working towards maximizing the volume of production from available semiconductors,” Seth said. Maruti’s pending orders stood at around 3.63 lakh units at the end of the third quarter. have arrived. Presently, the company’s Manesar and Gurugram plants together have a combined production capacity of 1.5 million units annually. Apart from this, the Gujarat plant of Maruti’s parent company Suzuki gets the company a production of 7.5 lakh units.
Seth said Maruti believes in harnessing technologies like hybrid, CNG, bio-CNG, ethanol and electric in line with the government’s intention to reduce crude oil imports and reach the zero emission target by 2070.He added that the company is now gearing up with the launch of two new products – Jimny and Frons.Th is striving to achieve a leadership position in the sports utility segment. When asked about the sales growth outlook, Rahul Bharti, Executive Officer – Corporate Affairs, Maruti Suzuki India said, “The demand outlook looks good as of now. Industry figures are yet to come. We aim to achieve faster growth than the industry.
On CNG sales, he said the company is satisfied with the level of access, but the abnormally high prices of the fuel are a cause of concern. Maruti Suzuki India sold 4,65,911 vehicles in the third quarter. Of these, 4,03,929 vehicles have been sold in the domestic market while 61,982 units have been exported. The company’s total sales in the same period last year stood at 4,30,668 units. Of these, 3,65,673 vehicles were sold in the domestic market, while 64,995 units were exported.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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