📊Executive Summary

Maruti Suzuki India has announced that its vehicle production is expected to be impacted in the fiscal year 2023-24 due to ongoing shortages of electronic components. The company faced similar challenges in the previous fiscal year, where it produced 19.22 lakh units, falling short of its target of 20 lakh units. The regulatory filing indicates that the supply situation remains unpredictable, which could lead to further reductions in production volume. This situation highlights the ongoing issues in the automotive supply chain, particularly concerning electronic components, which are critical for vehicle manufacturing....