A global shortage of semiconductors has not only created supply constraints but long waiting periods for customers despite steady demand. Luxury vehicle manufacturers have been witnessing a gradual increase in demand after a near shutdown in April and May following the explosive rise in covid-19 cases in India. Mercedes Benz India, the country’s leading luxury vehicle manufacturer, announced sales of 4,857 units in the January-June period compared to just 2,948 units in the year-ago period. “Most auto companies are suffering from a shortage of semiconductors and luxury carmakers are no different. This situation is likely to continue for some months as the suppliers are in the process of ramping up capacity.

Source: Mint July 11, 2021 19:41 UTC