The report said that the scrappage policy can provide benefits related to reducing pollution, improving recycle or re-use of parts, etc. It recommended introducing a centralised system for scrap vehicles.

Toyota Kirloskar Motor (TKM) signed a Memorandum of Understanding (MoU) with the Automotive Component Manufacturers Association of India (ACMA) for training auto parts manufacturers on best practices.

The government is planning to soon notify the production-linked incentive (PLI) scheme, announced as part of Aatmanirbhar Bharat initiative to boost domestic manufacturing, for sectors like auto components, steel, and textiles.

Nitin Lall, GM, Industrial Technique, Atlas Copco, lists down a few technology trends that will transform the automotive manufacturing industry in 2021.

The second covid wave has stalled the auto industry’s momentum recorded in 3Q-4QFY21, according to a recent report published by India Ratings and Research (Ind-Ra).

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.

The capacity utilisation of the majority of the auto sector MSMEs has started falling since mid-April 2021 due to cash inflow disruption, lack of orders, and labour shortage.

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.

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.