New Delhi: The biggest challenge for the automobile industry in 2022 will be to maintain business operations and ensure financial health amidst various challenges including global semiconductor shortage. MG Motor India Officer. At present, the domestic market is witnessing an increase in demand, but it is also affected by the global semiconductor shortage, which has affected production activities.
“The new normal has posed unique challenges for the industry. The biggest challenges are maintaining business operations and ensuring the financial health of the organization and its stakeholders. The industry has displayed resilience over the past two years, as we move towards 2022. Watching cautious optimism,” MG Motor Rajeev, Chairman and Managing Director of India Chaba where did it go.
He added that the situation will remain fluid in 2022 due to unforeseen factors – COVID-19, global semiconductor shortage, freight cost and several other cost impacts.
Chaba said the company is committed to meeting the high demand from its customers and is investing in increasing the plant’s capacity to further reduce wait times.
“The company is trying to meet the growing demand and is working towards strengthening the MG family in India,” he added.
Chaba said the company is seeing signs of positive consumer sentiment due to the slowdown in demand and expects demand to pick up with the end of the year.
“We have seen a growth of 56 per cent with retail sales of 37,723 units (January-November 2021) as against 24,152 units sold in the same period last year,” he added.
However, production levels are currently affected and will remain so in the next quarter due to a global shortage of semiconductor chips, Chaba said.
The automaker, which sells models such as the Hector and Astor, is also looking to broaden its electric vehicle line-up in the country.
“In our endeavor to widen the reach to a wider customer segment, we will bring the second EV in the country, encouraged by the clarity of the government on its EV road map. We are ready to play our part to see that the direction turns from reality. See you soon. Later,” Chaba said.
of the company ZS EV It continues to attract customers in India with an average of around 700 bookings per month, he added.
“The new normal has posed unique challenges for the industry. The biggest challenges are maintaining business operations and ensuring the financial health of the organization and its stakeholders. The industry has displayed resilience over the past two years, as we move towards 2022. Watching cautious optimism,” MG Motor Rajeev, Chairman and Managing Director of India Chaba where did it go.
He added that the situation will remain fluid in 2022 due to unforeseen factors – COVID-19, global semiconductor shortage, freight cost and several other cost impacts.
Chaba said the company is committed to meeting the high demand from its customers and is investing in increasing the plant’s capacity to further reduce wait times.
“The company is trying to meet the growing demand and is working towards strengthening the MG family in India,” he added.
Chaba said the company is seeing signs of positive consumer sentiment due to the slowdown in demand and expects demand to pick up with the end of the year.
“We have seen a growth of 56 per cent with retail sales of 37,723 units (January-November 2021) as against 24,152 units sold in the same period last year,” he added.
However, production levels are currently affected and will remain so in the next quarter due to a global shortage of semiconductor chips, Chaba said.
The automaker, which sells models such as the Hector and Astor, is also looking to broaden its electric vehicle line-up in the country.
“In our endeavor to widen the reach to a wider customer segment, we will bring the second EV in the country, encouraged by the clarity of the government on its EV road map. We are ready to play our part to see that the direction turns from reality. See you soon. Later,” Chaba said.
of the company ZS EV It continues to attract customers in India with an average of around 700 bookings per month, he added.
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