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Chip shortage will be overcome:The pace of the auto industry will increase in 2022, the supply chain is expected to improve

due to the reduction in steel prices, the price of steel has come down from Rs 49,300 to Rs 44,000 per tonne. Steel is likely to become cheaper by up

  The country's automobile industry has high hopes from 2022. Companies think that the sale of vehicles in the new year will reach the situation before the start of the corona epidemic. Automobile companies are upbeat on recovering from semiconductor chip shortage, pent-up demand due to disruption in production by the end of 2021 and falling steel prices.



Demand for cars continues
, according to veterans of the automotive industry, remains strong demand for passenger vehicles in the country and the problems of supply are beginning to gradually slow down. In the new year, some such electric cars and two-wheelers will be launched, which customers will like very much. This will bring back the shine to the market. RC Bhargava, chairman of the country's largest car company Maruti Suzuki India, expressed hope that 2022 will prove to be better for the automobile industry than 2021. "I think the situation will be better in 2022," he said.

A big relief
due to the reduction in steel prices, the price of steel has come down from Rs 49,300 to Rs 44,000 per tonne. Steel is likely to become cheaper by up to Rs 3,000 a tonne in the coming months. This will reduce the manufacturing cost of the vehicles and increase the margins of the auto companies.

Incentive given by these policies of the government

  • FAME-2 scheme got extension till the year 2024.
  • Increased incentives for electric two-wheelers.
  • 26 thousand crores PLI scheme started for vehicle parts.
  • 18,000 crore support for advanced technology.
  • The industry is not worried about the third wave of Corona

A third wave of this epidemic is being feared amid the rapid spread of the Omicron variant of the corona virus. But the automobile industry is already prepared for such a situation. Companies have digitized the production line on a large scale.

The semiconductor shortage will be overcome,
Rajesh Menon, director of SIAM, an organization of vehicle companies, expressed hope that the new year will be better. "We are hopeful that the semiconductor shortage will end in 2022," he said. Ramdev Agarwal, chairman of Motilal Oswal Financial Services, also says that semiconductor shortage was the biggest challenge in 2021, but this problem has started to go away since last month.

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30CANCAN - Technology Simplified: Chip shortage will be overcome:The pace of the auto industry will increase in 2022, the supply chain is expected to improve
Chip shortage will be overcome:The pace of the auto industry will increase in 2022, the supply chain is expected to improve
due to the reduction in steel prices, the price of steel has come down from Rs 49,300 to Rs 44,000 per tonne. Steel is likely to become cheaper by up
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30CANCAN - Technology Simplified
https://www.30cancan.com/2021/12/chip-shortage-will-be-overcomethe-pace.html
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