Day: April 20, 2021

Global semiconductor shortage could last till first half of FY22, hurt automobile industry, Auto News, ET Auto

The present international semiconductor scarcity, which has hit automotive corporations across continents, could last through the initially half of FY22 and disrupt output for an market that is having difficulties to promote vehicles amid the episodic curbs on mobility.

Though desire in the regional current market is anticipated to continue being potent due to pent-up desire, buyer choice for personal mobility alternatives and amplified govt spends on infrastructure, manufacturing could get impacted in the initially two quarters of the ongoing money calendar year due to the scarcity of semiconductors, said Vikram Mohan, Running Director at Pricol India.

“There is a huge scarcity of semiconductors globally due to raise in desire for laptops, smartphones publish the outbreak of the pandemic. This scarcity is anticipated to linger on right up until September 2021,” said Mohan.

Income could get impacted by fifteen{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in this interval due to disruption in the supply chain.

Read More