According to the report generated by India Ratings (Ind-Ra), the domestic auto sector is facing a tough time because of the shortages of semiconductor chips.

The auto-major plans to launch its mid-size SUV, Astor, around Diwali. MG Motor India expects its sales to grow by 100%, despite the global shortage of semiconductors, which will last six months.

The availability of critical parts like semiconductors and television panels for manufacturing home appliances, television and mobile phones will be affected. Shipments are getting diverted to other terminals in NZ and surrounding ports.

This deal is among the biggest in the European auto parts industry and would create a big company with 150,000 employees. Faurecia beat out competition from car-parts maker Mahle and Plastic Omnium.

Vinod K Dasari resigns as CEO of Royal Enfield and Director (Whole Time) of Eicher Motors from August 13, 2021. Eicher Motors reports Rs 2.37 billion as net profit for the quarter ended June 30, 2021.

Kia EV6 has achieved product carbon footprint certification and ‘Carbon Measured’ label from the global climate change and sustainability consultancy the Carbon Trust.

Many industry mavens from various sectors unanimously think that India has learned many lessons from the pandemic, and it can certainly handle the challenges if the third wave arrives shortly, says Manav Kapur, Executive Director, Steelbird International.

Castrol India Limited announced the appointment of Mayank Pandey as a wholetime director of the company with effect from 9 August 2021.

The initiatives will strengthen the US’ leadership in producing and selling clean vehicles, increasing the domestic supply chain and growing auto jobs. Ford, GM, Stellantis and UAW will support this effort.