Passenger vehicle makers are looking to ramp up production by an average 18-20 per cent in the March quarter compared to the December quarter as the shortage of semiconductor eases. If the companies end up manufacturing vehicles according to plan, it’s likely to even exceed the pre-Covid volumes of Q4FY20, according to analyst and supplier estimates. “They all are going full throttle. But production will still not be optimal and fall short by 10-15 per cent,” said a top official at a component manufacturer that counts all the key passenger vehicle makers as its customer.

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India’s biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to a chip shortage.   The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent.