Friday, 24 March, 2023

Chip shortage may impact nearly 1 mn vehicles in Q1: Report

<p>The shortage of auto semiconductor chips is likely to impact nearly 1 mn vehicle production in the Q1 of 2021, said data firm IHS Markit. This is much higher than earlier forecast on Feb. 3 which estimated that the issue could impact around 672,000 vehicles through March 30. IHS Markit, however, said that it still expects the majority of volume may recover in rest of the year 2021.</p> <p>&nbsp;</p>