Automaker Mahindra & Mahindra Ltd expects September vehicle production to decline by 20%-25%. The shortage of semiconductors is because the supply chain has been disrupted due to the pandemic. Carmakers globally have been hit by chip shortages and have been warned of further pain due to stiff competition from the consumer electronics industry for semiconductor deliveries. Mahindra said its revenue and profit would be impacted commensurate with the fall in production volumes, while its tractor, truck, bus and three-wheeler production was unaffected. The company will have about seven “no production days” at its automotive division plants this month, the company said in a filing. Indian automakers on Wednesday reported August sales, most of which saw a recovery from a year ago.
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