Supply chain bottleneck continues to strangle PV sales in January

With the global chip shortage extending well into the new calendar year, OEMs continue to face production challenges, clearly visible from their wholesale numbers announced for the month of January. However, there is improvement in performance if the numbers are viewed from a month-on-month perspective.

The bellwether of India’s passenger vehicle segment – Maruti Suzuki India – reported a 7 percent year-on-year (YoY) decline in sales, arising out of the semiconductor supply constraints. The company also saw its entry-level models including the Alto and S-Presso register a 25 percent YoY decline, also indicating at a weak market sentiment, spurred ...