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Chip Shortage Threatens Indian Automakers’ Nascent Recovery
The pandemic has caused a shortage of a key component, threatening to stall the auto industry’s nascent recovery.
16 Dec 2020, 08:09 AM IST
The Covid-19 lockdown and work from home caused a complete washout for Indian automakers earlier in the year. The pandemic has now caused a shortage of a key component, threatening to stall the industry’s nascent recovery.Sales of laptops and mobile phones to televisions surged as peopled logged in remotely during the pandemic—increasing the requirement for chips, the brains of electronic components. According to Bosch Ltd., a key su...
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