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Search Keyword: chip shortage

ICRA comes out with revised downward growth forecast for auto industry
News
  Jan 19, 2022

ICRA comes out with revised downward growth forecast for auto industry

Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.

Indian auto industry tensed over effect of Omicron
News
  Dec 30, 2021

Indian auto industry tensed over effect of Omicron

Speed breakers such as the third COVID-19 wave triggered via the spread of the Omicron variant in India as well as rising commodity prices might decelerate the automobile industry's recovery.

Tips for automotive OEMs & suppliers to solve supply chain issues
News
  Dec 03, 2021

Tips for automotive OEMs & suppliers to solve supply chain issues

Manav Kapur, Executive Director, Steelbird International, shares four critical business abilities that automotive enterprises should acknowledge and execute to manage supply chain issues in future.

India’s passenger vehicle sector may face loss of $5 bn due to chip shortage
News
  Dec 02, 2021

India’s passenger vehicle sector may face loss of $5 bn due to chip shortage

India’s passenger vehicle industry is set to lose 500,000-600,000 units in production and more than $5 billion in revenue this fiscal year due to the global shortage of semiconductors, say industry executives.

India’s auto parts industry expects 22% growth in FY22
News
  Nov 23, 2021

India’s auto parts industry expects 22% growth in FY22

The auto components industry is poised for a 10- 15 per cent growth in fiscal 2022, following a 3 per cent slide in FY21 during peak Covid pandemic, according to Sunjay Kapur.

Forging industry facing setback due to fall in auto sales
News
  Nov 22, 2021

Forging industry facing setback due to fall in auto sales

With the ripple down effect of declining automobile sales, the forging industry is facing the heat with a sharp decline in demand.

Chip shortage may reduce India’s auto volume growth: Crisil
News
  Oct 29, 2021

Chip shortage may reduce India’s auto volume growth: Crisil

The ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13% this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs, says a Crisil report.

Magnesium shortage could adversely affect auto industry
News
  Oct 25, 2021

Magnesium shortage could adversely affect auto industry

Supply chain issues may arise with a magnesium shortage in China and the ongoing global microchip shortage heavily impacting auto industry production, including for General Motors.

CEAMA sees chip shortage behind delayed launch of new products
News
  Sep 29, 2021

CEAMA sees chip shortage behind delayed launch of new products

The domestic appliances and consumer electronics industry, is facing shortages in components such as semiconductors and chips, said industry body CEAMA.

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