City
Epaper

Semiconductor shortages dent Maruti Suzuki's Feb sales

By IANS | Updated: March 1, 2022 15:25 IST

New Delhi, March 1 Semiconductor shortages continued to subdue automaker Maruti Suzuki's production and sales in February 2022....

Open in App

New Delhi, March 1 Semiconductor shortages continued to subdue automaker Maruti Suzuki's production and sales in February 2022.

Accordingly, total sales last month inched-lower on a year-on-year basis to 1,64,056 units from 1,64,469 units during the same period of the corresponding year.

Besides, domestic sales were 1,37,607 units, and sales to other original equipment manufacturers stood at 2,428 units.

Notably, the automaker reported its highest ever monthly exports of 24,021 units.

"The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in domestic market," the automaker said in a statement.

"The company took all possible measures to minimise the impact."

The shortage has impacted production of vehicles, consequently, elongating waiting periods and escalating cost.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Maruti SuzukiMaruti suzuki india limitedMaruti suzuki india ltd.
Open in App

Related Stories

NationalMajor Rule Changes Effective February 1, 2025: LPG Price Hike, UPI, and More to Impact Common Man

NationalMaruti Suzuki to Hike Prices Across Various Models from February 1; Check New Rates

BusinessTesla Awaits Clarity on Import Duties Before Potential Investment in India

BusinessMaruti Suzuki India begins export of its Fronx SUV

InternationalMaruti Suzuki begins exports of Fronx model SUV

International Realted Stories

InternationalIsrael, Germany sign joint declaration to boost security, cyber, anti-terror ties

InternationalNetanyahu says Israel "closely monitoring events unfolding in Iran", backs Iranians' "struggle for freedom"

InternationalIsrael strikes Hezbollah's multiple weapon storage sites in Southern Lebanon

InternationalEgypt's inflation rate drops to 11.8 per cent in December: Central Bank

InternationalDeath toll in Iran protests rises to 420, says Human Rights Activists in Iran