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Tata Technologies to join hands with Logility for digital solutions
News
  May 26, 2021

Tata Technologies to join hands with Logility for digital solutions

Tata Technologies has joined hands with Logility to offer digital solutions to its customers. After the outbreak of the pandemic, Tata has realized that going digital is the best way to survive.

Japanese automakers fear global chip shortage likely to continue
News
  May 25, 2021

Japanese automakers fear global chip shortage likely to continue

The global chip shortage that has been haunting Japanese automakers by derailing production is likely to continue. Some automakers believe that they will have to adjust to the problem for years to come.

Bosch to invest a multi-year low of Rs 1.6-2 billion as CAPEX for FY22
News
  May 24, 2021

Bosch to invest a multi-year low of Rs 1.6-2 billion as CAPEX for FY22

Bosch has witnessed a decline in CAPEX due to the 26% decline in net profit to Rs 4.8 billion for FY21 as against Rs 6.49 billion recorded in FY20. Pawan Goenka joins Bosch as an independent director

Automakers think dealership closure as negative for the industry
News
  May 20, 2021

Automakers think dealership closure as negative for the industry

With the second wave of coronavirus, the auto sector has been hit hard. Many major manufacturers have declared production shutdowns and are occupied with the current medical crisis in the country.

COVID crisis: Tata Motors shuts down its Jamshedpur plant for 5 days
News
  May 19, 2021

COVID crisis: Tata Motors shuts down its Jamshedpur plant for 5 days

The company has undertaken a Block Closure from May 18 to May 22 due to the rise in COVID-19 cases in the state. The company will use the time to conduct its annual maintenance activities.

SK Hynix in talks to acquire Korea-based chip contract manufacturer
News
  May 19, 2021

SK Hynix in talks to acquire Korea-based chip contract manufacturer

SK Hynix Inc, the world's second-largest memory chip maker, is reportedly holding talks for acquiring Key Foundry, South Korea’s only pure-play foundry.

Samsung and Hyundai Motors collaborate for developing semiconductors
News
  May 18, 2021

Samsung and Hyundai Motors collaborate for developing semiconductors

Samsung and Hyundai will collaborate with the South Korean government to resolve the global chip shortage. The companies plan to set up a solid supply base for the local production of semiconductors.

China
News
  May 18, 2021

China's vehicle production drops due to global semiconductor shortage

Vehicle production in China fell from 69.8% to 6.8% in April 2021. The global shortage of semiconductors is believed to be the major reason behind the slump.

Stellantis to lay off 1600 workers due to global semiconductor shortage
News
  May 18, 2021

Stellantis to lay off 1600 workers due to global semiconductor shortage

The US arm of Stellantis will cut one of the two work shifts at its Belvidere assembly plant from July 26, 2021. The factory’s situation is worsened by the severe global microchip shortage.

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