New Delhi, Oct 2 (TIWN) Microchip shortage along with high fuel prices heavily dented major automobile manufacturers' September sales on a year-on-year basis.

Microchip shortage along with high fuel prices heavily dented major automobile manufacturers’ September sales on a year-on-year basis.  The semiconductor or microchip shortage has impacted the industry’s production levels, extending the waiting period besides escalating prices.  Major automobile players such as Maruti Suzuki, Hyundai Motor, Tata Motors and Mahindra reported an adverse impact on production that led to lesser dispatches.  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.  At present, these shortages have forced several original equipment manufacturers (OEMs) to slow down production, thus further extending the waiting period for popular, feature-rich and high-end models.