Automobile industry is one of the most leading industries that we have generally seen till date, since transportation sector plays a major role in uplifting our economy to a greater height. The Automobile sector is one of those sectors that involves a rapid change in its functioning whether be it in its manufacturing sector, production sector, designing sector, innovation sector and many other departments and sectors that are involved as a backbone in the creation of the industry.
The rapid innovations and advancements taking place on a recurring basis have completely transformed the industry by implementing all the relatively new tactics and strategies that could probably lead the industry to a different level amongst all the rising and highly accomplished ones. Under the Automobile industry there are a number of car manufacturing companies and leading production industries that are equally involved in making the car sector a great hit in all the different regions of the nation.
The famous automobile industries are nowadays present in all the leading regions of India, which have made the industry reach to great heights in the recent times in terms of advancements and up gradation at the forefront in the transportation sector, one of the most useful and a leading sector to mention.
- Automobile sector to witness a shortage of chips even till the end of this year.
- One of those kinds of industries is Volkswagen, that hopes that its carmakers are quite sure of witnessing a shortage of chips that can create an affect with the manufacturing of the cars for the company.
The Automobile industry has over the years created a name for itself and has showcased its innovation by coming up with new and highly advanced cars that could make the life of people easy and yet classy by being a great symbol of status and competition, that most people focus upon these days. Volkswagen being one of the biggest and a great manufacturers has over the years come up with new advancements in terms of its car manufacturing that has led to its overall sales revenue to another level, thus proving to be a great manufacturer and a highly skilful competitor amongst the group of many others involved in the same business.
Volkswagen has recently stated out that they do not see chip shortage ending this year which is 2022. Before stating a discussion about this particular statement we note that owing to the ongoing situation of covid a lot many industries have incurred losses in their sales margin, thus getting a slight shift in their race towards being the first. Automobile industry also being a part of the race incurred certain losses from all the major manufacturers, thus leading to a slight shift in sales revenue lowering to a certain level and also employment rate getting reduced because of loss of jobs during the lockdown situation.
Also, looking at the present situation of ongoing pandemic crisis we can note that Volkswagen has got a right hint that the shortage of semiconductors could stand out to be an issue in the manufacturing and production of cars ending simultaneously before being brought up in the market, which could create a slight thrift in the Automobile market sector to witness certain losses at a greater margin. Including Volkswagen many companies hope for the situation to stabilise at a certain level in order to regain their companies name and productivity back at its original level, thereby again witnessing a greater sales growth in terms of car pursuing.
Published by- Aashay Bhujbal
Edited by- kritika Kashyap
