One by one almost all the car companies are increasing the prices of their vehicles. Renault’s name has also been included in the car companies that have increased the prices. The recently appointed CEO of French car maker Renault, Luca de Meo, said that the shortage of semiconductors and other rising costs are causing the car prices to increase. The Spanish newspaper Expansion has given this information on Thursday.
According to Routers, the Renault CEO told the newspaper in an interview, “Prices will increase further in the coming 12 months, as chip makers are taking advantage of semiconductor demand.” De Meo told Expansion that car prices are already rising as car makers focus on more expensive models due to lack of chips. He said rising prices of steel, gas, energy, copper and aluminium have led to a rise in car prices.
He said bidding for chip manufacturing capacity in Europe would take more than 10 years.
Chip shortage will have a direct impact on customers
Obviously, while the auto sector was slowly coming back on track after recovering from the impact of Corona and people were focusing on their business and other things, now a time has come for the automobile industry. . The reason for this is semiconductor shorting all over the world.
In a way, the chip can be called the brain of the car. All the functions that are done in the vehicle are done with the help of chip. But at present all the auto manufacturers are facing this problem. Companies have already announced cuts in their production. In such a situation, now the prices of vehicles have also been increased. But as there is a delay due to lack of chip, its direct effect is now starting to affect the customers.
Recently, the prices of the customers’ favorite car Nissan Magnite were also increased. Similarly, other vehicle companies have also increased the prices of their vehicles two to three times.
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