PV firms cut production due to semiconductor shortage
- A resurgence of covid-19 in East Asian nations such as Malaysia has led to supply-side issues
- MSIL has guided for a production cut of around 60% at its plants in Haryana and Gujarat
India’s leading passenger vehicle (PV) makers cut production and dealer dispatches in August, compared to the preceding month, as a continued shortage of semi-conductor chips disrupted manufacturing schedules.
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