The global chip shortage that has been haunting Japanese automakers by derailing production is likely to continue. Some automakers believe that they will have to adjust to the problem for years to come.

Vehicle production in China fell from 69.8% to 6.8% in April 2021. The global shortage of semiconductors is believed to be the major reason behind the slump.

The company reported its worst performance in 12 years due to COVID-19 and the global semiconductor shortage. The Japanese carmaker has not reported a profit since the year ending March 31, 2019.

An increase in the number of COVID cases in the rural regions and the threat of another lockdown have brought down the sales of two-wheelers and PVs and created another setback in the automotive industry