Steel shortage from Posco may force automakers to suspend production: SIAM business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Three people in know of the development told ET there have “hardly” been any supplies from the units since March 4, 2021, and may result in affecting production at several vehicle makers, if the issue is not resolved shortly.
World University of Design students excel
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Students of World University of Design have won several events in the Design Challenges in India competition held recently.
Rugved Patil, M.Des (Transportation Design) won the Automotive Design Competition organised by Society of Indian Automobile Manufacturers (SIAM); Gokul Gopi, M.Des (Industrial Design) and his team won D’source Corona Design Challenge organised by IIT- Bombay while a third team comprising Abhay Pratap Singh, Anand Singh and Mehak Singal (all from B.Des Product Design) and their faculty mentors Aditi Parikh and Rohit Kothari reached the finals of Toycathon 2021, the inter-Ministerial initiative of the Government of India.
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Indian auto industry, along with its global peers, continues to face issues in the supply of semi-conductors. In fact, commenting on auto sales and registrations during February, two prominent industry bodies highlighted the issue of unavailability of semi-conductors. Ratings agency CRISIL, however, feels the shortfall in semi-conductors would remain till the first quarter of FY2022 before the supply is normalised.
According to data from the Society of Indian Automobile Manufacturers (SIAM) while the sales numbers in February are encouraging, on a cumulative basis, there is a decline. Between April 2020 and February 2021, total 161,42,637 units were sold compared with 197,65,500 units sold in the same period a year ago, it says.