India’s passenger vehicle industry is set to lose 500,000-600,000 units in production and more than $5 billion in revenue this fiscal year due to the global shortage of semiconductors, say industry executives.

Samsung Electronics Co. unveiled three new automotive chips as demand for advanced chips is growing among global carmakers to produce cars with better connectivity and more sophisticated infotainment features.

Auto industry executives expect electric vehicles will make up just over half of new vehicle sales in the United States and China by 2030 and could do so without receiving government subsidies.

Nissan Motor Co Ltd announced its plans to accelerate the electrification of its vehicle line up and rate of technology innovation with investments of $ 17.6 billion over the next five years.

Tsingshan Holding Group, a Chinese firm, is among the latest entrants to the white-hot lithium sector, potentially making it a one-stop shop for electric vehicle (EV) battery ingredients.

Amazon Web Services (AWS) announced that Apollo Tyres, India’s leading tyre manufacturer, is going all-in on AWS to digitally transform.

Global leading manufacturer, and supplier of lead-acid battery separators, Daramic on Monday said it has doubled production capacity at its manufacturing plant at Dahej in Gujarat.

Union Road Transport Minister Nitin Gadkari on Tuesday said that the Centre's mission is to increase the turnover of the automobile industry to Rs 15 trillion within the next five years.

India may follow in the footsteps of the European Union, Japan and South Korea in rating automobile tyres as per their fuel efficiency and rolling resistance.