Economic Survey 2022: Over 7 lakh car orders pending due to chip shortage
Shortpedia
Content Team
Image Credit: zee news
The Economic Survey reported that carmakers had backlogged over 7 lakh orders by December 2021 because of the shortage of semiconductors. As a result of the delay in supply, the average lead time (the gap between the date of order and when the automobile actually ships) for the industry in 2021 was approximately 14 weeks. Economic Survey 2021-22 highlighted similar trends in the automobile sector in India as well.
