Chip crunch to impact global auto production into third quarter: IHS Markit

  • China will be the most hit in the first quarter due to the global semiconductor shortage, at nearly 250,000 units, according to IHS Markit.
File photo of a semiconductor chip and board (Bloomberg)
File photo of a semiconductor chip and board

A shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm IHS Markit said on Wednesday, warning that the disruption could extend into the third quarter.

Ford Motor Co, Toyota Motor Corp, Fiat Chrysler Automobiles and Nissan Motor Co had cut output due to the shortage, while Volkswagen has said the supply constraints would impact production at some of its plants in February.

Also check these Vehicles

Find more Cars
Ford Mustang Mach E (HT Auto photo)
UPCOMING
₹ 70 Lakhs
View Details
Nissan Sunny 2024 (HT Auto photo)
UPCOMING
Engine Icon1498.0 cc FuelType IconDiesel
₹ 8.50 Lakhs
View Details
Nissan Juke (HT Auto photo)
UPCOMING
Engine Icon998.0 cc FuelType IconPetrol
₹ 10 - 15 Lakhs
View Details
Nissan Leaf (HT Auto photo)
UPCOMING
₹ 30 Lakhs
View Details
Nissan Qashqai (HT Auto photo)
UPCOMING
Engine Icon998.0 cc FuelType IconPetrol
₹ 25 - 30 Lakhs
View Details
Nissan Magnite (HT Auto photo)
Engine Icon999.0 cc FuelType IconPetrol
₹ 6 - 11.11 Lakhs
Compare
View Offers

"Because the cause of these constraints is the result of increasing demand from OEMs and limited supply of semiconductors, it will not be resolved until both forces are aligned," said Phil Amsrud, senior principal analyst-ADAS, Semiconductors and Components, IHS Markit.

Also Read : From Toyota to Honda, how global chip shortage is impacting Japan’s carmakers

China will be the most hit in the first quarter at nearly 250,000 units, according to IHS.

AutoForecast Solutions, which tracks industry production plans, on Tuesday forecast production volume impact of 964,000 vehicles in 2021 due to semiconductor shortage.

Meanwhile, a group of 15 US senators on Tuesday urged the White House to work with Congress to address the global semiconductor shortage.

First Published Date: 04 Feb 2021, 13:05 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.