InvestorQ : How hard is the shortage of microchips hitting the Indian auto industry?
Sam Eswaran made post

How hard is the shortage of microchips hitting the Indian auto industry?

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Moii Chavate answered.
3 months ago
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Globally and locally, the chip shortage is a serious problem. The average time to procure chips has increased sharply to 21 weeks. This sudden chip shortage is hitting the automobile and electronics industry hard, with most auto companies cutting production by 20-30%, in the midst of the festive season. Global automobile manufacturers are estimated to lose close to $110 billion in sales due to chip delays. That is likely to derail India’s GDP recovery.

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