Business News
Home > Business News
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.
Add your Comment
Comments (0)
More Business News
- GST Council Meeting Today!! Swiggy, Zomato Delivery Charges May Become Cheaper
- 18% GST on Services Provided by Finance Companies to Banks
- India’s Diesel Exports Hit One-Year High in September
- RBI Raises Interest Rate After Nearly Four Years, Loans Could Become Costlier
- Gold Gets Costlier, Silver Demand Rises in this Festiva Season : Report


