Maruti Suzuki India Ltd updates on impact of production due to semiconductor shortage

Owing to the semiconductor shortage situation, Maruti Suzuki India Ltd has been informed by its contract manufacturing company, Suzuki Motor Gujarat Private Limited (SMG), that production will be partially impacted in this month.

SMG will tentatively not carry out production on the three Saturdays (7th, 14th and 21st August). In addition, some of the production lines may see temporary reduction from 2-shift to 1-shift working.

As the situation is dynamic and uncertain, the company will monitor and take a day-to-day decision on models, lines or shifts to optimize resources for maximum efficiency.

Shares of Maruti Suzuki India Ltd. was last trading in BSE at Rs. 7203 as compared to the previous close of Rs. 7075.3. The total number of shares traded during the day was 14903 in over 2662 trades.

The stock hit an intraday high of Rs. 7230 and intraday low of 7090.05. The net turnover during the day was Rs. 106560709.

Source : Equity Bulls

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