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Production cuts due to semiconductor shortages dent Nov PV sales
TIWN
TIWN
PHOTO : TIWN
New Delhi, Dec 10 (TIWN) Curtailed production due to semiconductor shortages as well as high base effect dented India's domestic passenger vehicle sales, both on year-on-year and sequential basis, in November.
Besides, challenges pertaining to rising ownership costs due to commodity prices subdued buyers' sentiments. At present, semiconductors play a critical part in the production of internal combustion engines. They are an integral part of all kinds of sensors and controls in any vehicle. Lately, the shortage has extended waiting periods along with escalated prices. Accordingly, the sales of passenger vehicles fell to 215,626 units in November as compared to 264,898 units sold during the corresponding month of 2020.
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