After Maruti, Mahindra warns of 20-25% production loss due to chip shortage

Most other auto firms in India including Tata Motors, Hyundai Motors, Kia Motors, Nissan, Renault and Honda Cars have either already curbed production or will do so soon

For Mahindra & Mahindra (M&M), which has just started executing a comeback strategy for wresting back ground it lost to rivals, this could not have come at a worse time. The maker of the Bolero Neo and the Thar models on Thursday said it would have to halt production at its automotive plant for a week due to the worsening supply situation of semiconductors. As a result of the "no-production" days, the company's overall output during the month is expected to contract 20-25 per cent, the company said in an exchange filing.
 
The announcement by the Mumbai-based utility vehicle major