The continual ups and downs of the market from supply chain disruptions have started to steady as the second half of 2022 began. Market trends and experts agree that the semiconductor shortage seems to be entering its final lap. Is the Market Forecast Good or Bad? Depends on Who’s Answering It will take some more time for the good to outweigh the bad. Like the auto industry, the world is still grappling with the lasting effects of the shortage. It will take some more time for the auto industry to recover from the semiconductor shortage. Despite the cuts, Volkswagen does not expect these issues to plague newer models currently in production such as the ID.4. This is to prevent production stalls while awaiting chip order deliveries. Volkswagen has been tackling the supply-demand issue for vehicles by dropping technology from their popular vehicle models. Meanwhile, German auto-giant Volkswagen reported that the semiconductor issue will most likely continue its impact for another eight or nine months. A senior executive of Maruti Suzuki, Shashank Srivastava, said that wait times for vehicles were not due to the chip shortage but “unprecedented demand” for vehicles. Maruti Suzuki, another Indian automaker, reported operations at 96% of its capacity.
Tata Motors managing director, Shailesh Chandra, said that the “semiconductor shortage is under control if not yet fully resolved.” While the shortage is still a present concern, some companies, like Indian automaker Tata Motors, reported production at over 90%. Some automakers aren’t reducing production like Honda and Toyota. Though it’s not all doom and gloom across the automotive sector. Like the previous year, 2022 might result in a loss over gain.
That cost the global automotive market $210 billion in 2021. While large, it is far less than the massive 11.3 million vehicles canceled in 2021. In total, the global production of automotives will see 4 million canceled vehicles this year. Another Honda assembly plant will face a 30% reduction. Honda, for the second time this year, will be reducing manufacturing at one of its Japanese plants by 40%. The company also plans on suspending production for a minimum of 12 days for 10 lines in 7 different Japan factories. Toyota will be cutting down on new vehicle production with 100,000 fewer cars manufactured per month than originally reported. As the final three months of 2022 come into view, automakers might not have the holiday they expected.
0 kommentar(er)
