Maruti Q2 web dips 66% to Rs 487 crore as chip scarcity, rising commodity costs weigh on manufacturing

The nation’s largest carmaker Maruti Suzuki India on Wednesday reported a 66 per cent decline in consolidated web revenue at Rs 487 crore within the second quarter ended September 30, 2021, impacted by the continuing semiconductor scarcity and improve in commodity costs.
The firm had posted a consolidated web revenue of Rs 1,420 crore within the second quarter of final fiscal, Maruti Suzuki India stated in a press release.
Consolidated income from operations stood at Rs 20,551 crore within the second quarter, as in comparison with Rs 18,756 crore within the year-ago interval, it added.
Total car gross sales have been down 3 per cent at 3,79,541 models within the second quarter, as in opposition to 3,93,130 models within the corresponding interval final fiscal, it stated.

Domestic gross sales have been at 3,20,133 models within the second quarter, as in opposition to 3,70,619 models within the year-ago interval.
Exports have been, nonetheless, the very best ever at any quarter within the firm’s historical past at 59,408 models within the second quarter, as in comparison with 22,511 models in the identical interval final fiscal.
An estimated 1.16 lakh autos couldn’t be produced owing to the electronics element scarcity principally comparable to the home fashions, the corporate stated.
Maruti Suzuki India additional stated it had greater than 2 lakh pending buyer orders on the finish of the quarter for which it’s making all efforts to expedite deliveries.
“This quarter was additionally marked by an unprecedented improve within the costs of commodities like metal, aluminium and valuable metals inside a span of 1 yr.
“The company made maximum efforts to absorb input cost increases offsetting them through cost reduction and passed on minimum impact to customers by way of car price increase,” it stated including in consequence there was a drop in its web revenue.

In the primary half of the fiscal yr ended September 30, the corporate offered a complete of seven,33,155 models with home gross sales at 6,28,228 models.
Exports on this half yr have been at 1,04,927 models as in comparison with 32,083 models in the identical interval final fiscal, the corporate stated, including abroad shipments within the first half this yr exceeded the complete yr gross sales of final yr.