Semiconductor shortage temporary, expected to be over by 2022: Bhargava

The current semiconductor shortage problem faced by the automobile industry is temporary and is expected to be over by 2022 and Maruti Suzuki India hasn’t had a major impact due to it though its production has been hit partly, company Chairman RC Bhargava said on Tuesday.

Addressing shareholders at the company’s annual general meeting held virtually, he also said the country’s largest carmaker is looking at the electric vehicle (EV) space but will enter it only when it makes it feasible for customers in terms of affordability and also for the company to operate without making a loss.

“The shortage of semiconductors is a temporary problem partly due to COVID-19. Our estimation is that this shortage problem will be over by 2022,” Bhargava said while responding to a query by a shareholder.