Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

India’s Maruti Suzuki and France’s Renault have announced more production cutbacks in the short term as the global semiconductor chips shortage continues.


Maruti has more than halved its September output forecast, expecting about 40pc of total volumes across its Haryana and Gujarat plants in India. The automaker cited supply constraints of electronic components in an Aug 30 filing with the country’s National Stock Exchange (NSE). This estimate comes on the heels of suspended activity in August for three days at the Gujarat unit. 


Meanwhile, Renault plans to extend partial suspension until the end of 2021 at its three factories in Spain. The carmaker will halt its Kadjar and Megane line-up at the Palencia assembly plant for about 61 days and stop Capture SUV crossover production for nearly 40 days in Valladolid, according to media reports on Tuesday. Renault had shut its South Korean facility for two days in July due to the chip shortage.

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