The shortage of semiconductors is affecting the Auto industry to a great extent. Auto components industry body ACMA on Friday said it is still not clear as to what extent it will affect the production of vehicle in India.
Deepak Jain, President of Automotive Component Manufacturers Association Of India (ACMA) said that ACMA is keenly watching the situation as it unfolds. It is still not clear as to what extent and for how long the shortage of semiconductors will impact vehicle production in the country. Any stoppage of vehicle lines has a resonating effect on the entire auto component manufacturing ecosystem."
Bosch Ltd which is a major supplier On Tuesday had stated that its imports of micro-processors (semiconductors) have been hit following a global surge in demand from the consumer electronics industry. The company had said "the demand has seen steep escalations driven by safety and hygiene sentiments as well as the rise of 5G connectivity. This led to a surge in global demand of semiconductors, a critical component in the making automotive electronics".
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