NEW DELHI: Maruti Suzuki expects a shortage of semi-conductor chips to continue to impact production in fiscal year 2024, with visibility of chip supply in the first month of the ongoing quarter looking worse than the last quarter of the fiscal ended 31 March, RC Bhargava, chairman, Maruti Suzuki said.
“The kind of improvement we were expecting hasn’t happened," he said, adding that the situation this quarter looks comparable to the same quarter last year, implying that sales in the quarter shouldn’t be negative on a yearly basis.
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