TNI || New Delhi || 22nd Sept 2021
Traton, the German truck maker, has said that its sales in September were hit hard due to the global shortage of chips, and this phenomenon, according to the company, will continue in the next year as well.
According to Mattias Grundler, who heads Traton, the supply chains globally are not only lacking in chips, but other vehicle products as well, and this situation will continue from this year to the next.
He added that lockdown in Malaysia, which happens to be a key chip manufacturer, has caused them immense trouble.
The statement made by Grundler seconds Daimler Truck CEO Martin Daum concerns, who in a statement last week said that the stocks of unfinished vehicles have been piling up as their company is struggling to get its hands on secure parts that would fulfill the requirements.
It is no secret that passenger and commercial vehicle manufacturers from the world over have been struggling with global supply chain shortages that have led to either suspension of their production or shrunk their future revenue to a significant extent.
And what’s more, is that there is no clear end to this crisis as yet.