Maruti Suzuki: Maruti Suzuki has not yet recovered from the chip crisis, the situation is expected to improve from July

Maruti Suzuki: Maruti Suzuki has not yet recovered from the chip crisis, the situation is expected to improve from July

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Maruti Suzuki: The country’s largest car company Maruti Suzuki India (MSI) is expected to suffer a production loss in the first quarter of the current financial year. However, a senior company official says that the situation is expected to improve from the July-September quarter. The company is still grappling with a shortage of electronic components, due to which there is a possibility of loss in production in the first quarter. The country’s largest car maker has been facing a chip crisis for a long time due to which its suppliers are not able to meet the market demand.

Shashank Srivastava, senior executive officer (sales and marketing), Maruti Suzuki India, said, “We have suffered a production loss of 1.7 lakh units in the last financial year. In the third quarter of the last financial year, our loss was around 45,000 units. Similarly, there was a loss of about 38,000 units in the fourth quarter.

Due to high demand and short supply, the company’s pending orders have crossed four lakh units. The maximum number of one lakh orders are pending for Ertiga. Srivastava said that with the current supply situation, the company has suffered production loss in April. The same situation is likely to continue in May and June as well. He said, there has been a loss in May and it will remain so in June. We will have loss of production in this quarter.

Apart from Ertiga, there are pending orders for 60,000 units of compact SUV Brezza. Jimny and Franks have pending orders for 30,000 units each. According to a PTI-language report, Srivastava expressed hope that there would be some improvement in the chip supply situation in the coming months. He said, so probably from July onwards we will see some improvement in the situation.

In April, the company produced 1,44,097 passenger vehicles, which is six percent less than the production of 1,52,954 units in the same month last year. In the last financial year 2022-23, the company produced a record 19.22 lakh units. However, the company missed the target of taking its production beyond 2 million units.

Semiconductors are silicon chips, which are used for ‘control’ and ‘memory’ work in vehicles, computers, cellphones and other electronic products. In recent times, the use of semiconductors in the automotive industry has increased rapidly.

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