Hyundai Motor has halted production at its vehicle assembly plant in Brazil due to the ongoing global shortage of semiconductors, according to local reports citing a company official.
South Korea’s leading carmaker said it had suspended operations at its Piracicaba plant in Sao Paulo for one week from Monday 5 July, with production scheduled to resume on 12 July.
The company cut production at the plant by a third last month due to the chip shortage and confirmed the facility would continue to operate on a single shift in the foreseeable future.
The plant has a production capacity of 300,000 vehicles per year when operating under a three-shift system.
It produces the HB20 sub-compact car, based on the Accent, and the Creta SUV.
Hyundai production around the globe has been significantly affected by the global shortage of semiconductors in the second quarter, including its facilities in South Korea and the US.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Despite this, the company’s global sales were up by over 26% at 2,028,974 units in the first six months of 2021 from weak year-earlier volumes, led by strong demand for SUVs such as the Palisade, Tucson and Santa Fe and its Genesis luxury brand.