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Production cuts on semiconductor shortage dent Nov PV sales
TIWN
TIWN
PHOTO : TIWN
New Delhi, Dec 11 (TIWN) Curtailed production due to semiconductor shortage as well as high base effect dented India's domestic passenger vehicle (PV) sales on both year-on-year and sequential basis in November.
"Industry continues to face headwinds due to global semi-conductor shortage," Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said. "In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were lowest in seven years for passenger vehicles, lowest in 11 years for two-wheelers, and lowest in 19 years for three-wheelers."
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