City
Epaper

Speedbreaker: Semiconductor issues still hurting but supply constraints easing says Hyundai

By IANS | Updated: December 11, 2021 14:40 IST

New Delhi, Dec 11 Slowly easing supply side constraints for semiconductors as well as stabilising commodity prices has ...

Open in App

New Delhi, Dec 11 Slowly easing supply side constraints for semiconductors as well as stabilising commodity prices has charged-up Hyundai Motor India's outlook for 2022.

Besides, the automobile major expects healthy demand to sustain during the initial phase of next year.

In conversation with , Hyundai Motor India's Director Sales and Marketing Tarun Garg said though it is hard to give a timeline for normal supply of semiconductors, however, the shortages have eased.

"Semiconductor and input cost issues are global in nature but things are getting better. However, it is very difficult to give an exact timeline as to when we will overcome these issues."

"Under the guidance of our parent company HMC, we are collaborating across the board with our vendors, our dealers and within the cross divisions of the company to get out of this situation as fast as possible."

On the demand side, Garg said the company expects healthy demand conditions to remain during the initial phase of next year.

"Demand has been very good even post-Covid 2

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: Hamad Medical CorporationHyundai Motor IndiaHyundai motor india limited
Open in App

Related Stories

NationalJ&K police attach properties of drug smugglers in Baramulla

InternationalHyundai Motor to launch SUV Exter in July

BusinessHyundai raises 2030 electric vehicle annual sales target to 2 million

BusinessHyundai Mobis launches #Pledgeforanticounterfeit, a Big Push to Fight Against Counterfeit on Anti-Counterfeit Day on June 8, 2023

BusinessHyundai Motor global sales jump 7.8 pc in May on yearly basis

International Realted Stories

InternationalIf Ratan Tata was alive, victims wouldn't be subjected to "bureaucratic process" of "delayed payment": US Lawyer on AI171 crash

InternationalIDF says seven countries coordinate humanitarian airdrop for Gaza residents

InternationalUAE urges end to Sudan conflict amid escalating disinformation from Port Sudan Authority

InternationalRussia: Teenager dead after pit bike collides with car near Kursk

InternationalArab League Council condemns Israeli plan to impose control over Gaza