Chip shortage sees new car sales slump by 21% in October

Just when things were beginning to look slightly good for passenger vehicle OEMs in India, the ongoing shortage of semiconductors has proven to be a major spoilsport. With plenty of them used in electronics components that today’s high-on-connectivity and infotainment vehicles are flooded with, any supply chain hitch can drive production schedules asunder. It’s a nightmare that refuses to end. And October saw some leading carmakers impacted.

All this is happening just when the festive season has opened and consumers are willing to spend once again, albeit somewhat gingerly.

The month of October saw most passenger vehicle (PV) ...