A report by JMK Research and Analytics claims that overall EV sales in December 2021 clocked 50,866 units, recording a 240 per cent YoY jump from the number recorded in December 2020.

The reimposition of restrictions due to the rise in Covid cases is expected to impact demand for automobiles, especially for passenger vehicles and two-wheeler, according to ratings agency Acuite.

Disruption in the global supply chain has opened up opportunities for large-scale manufacturing in India, aided by significant policy initiatives.

Hyundai Motor Group will speed up its electrification strategy in 2022, after the successful launch of the first electric vehicle (EVs) for each brand, including Ionic 5, EV6 and Genesis' GV60, in 2021.

Kumar Rakesh, senior automobile and technology analyst at BNP Paribas India, said that, raw material prices are stabilizing and price hikes would positively impact the margins of automakers.

Maharashtra has extended the valid term for early-bird benefits on selected variants of electric vehicles (EVs) till March 31, 2021.

Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed.

Speed breakers such as the third COVID-19 wave triggered via the spread of the Omicron variant in India as well as rising commodity prices might decelerate the automobile industry's recovery.

Daimler Greater China Ltd. and BYD Auto Industry Co. Ltd. signed an equity transfer agreement in December to realign the structural setup of their joint venture.