kia india: Kia India reports 22% dip in wholesales in October
“The adverse supply chain situation has been an opportunity lost for us; however, our customers’ and vendors’ continuous support has enabled us to maintain a healthy performance throughout the year. As we foresee the issue to continue for the next few months, we assure our customers to keep optimising our production to the maximum level and ensure delivery at the earliest,” Kia India MD and CEO Tae-Jin Park said in a statement.
The company is keeping a close eye on the situation and are ready to take the necessary steps as and when required, he added.
Since the start of COVID-19 pandemic, the automotive industry and many other sectors across the globe have been struggling with the semiconductor crunch.
This acute gap in the demand and supply of semiconductors has led to an increased delivery time of vehicles.
Despite challenges, Kia India has been optimising its production to keep the waiting period at a minimum, the auto maker noted.
The company expects the supply chain will begin to normalise from early next year, it added.