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Search Keyword: auto industry

How M&As play an important role in the growth of auto industry
News
  Sep 22, 2021

How M&As play an important role in the growth of auto industry

The impact of pandemic will be there for quite some time to stay and one can definitely expect a rise in the merger and acquisitions (M&As) numbers, says Manav Kapur, Executive Director, Steelbird International.

Schaeffler opens e-mobility plant in Hungary
News
  Sep 22, 2021

Schaeffler opens e-mobility plant in Hungary

New plant demonstrates Schaeffler’s advanced capabilities in sustainability and e-mobility. The 15,000 sqm production facility for electrified powertrain components and systems meets highest standards of sustainability

China issues auto data regulation that impacts the auto industry
News
  Sep 13, 2021

China issues auto data regulation that impacts the auto industry

The Auto Data Regulation would come into effect from October 1, 2021. It is brought in to change the supervisory landscape of the auto industry concerning the processing of automobile data.

FADA predicts dull festive season for auto sector due to chip shortage
News
  Sep 09, 2021

FADA predicts dull festive season for auto sector due to chip shortage

OEMs are struggling to supply adequate vehicles to dealers. FADA’s outlook remains a mixed bag with PVs witnessing demand-supply mismatch and the 2W segment facing a demand crunch.

Passenger vehicles sales growth reduces due to chip shortage
News
  Aug 27, 2021

Passenger vehicles sales growth reduces due to chip shortage

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.

NITI Aayog sees transition of automobiles towards electric mobility
News
  Aug 27, 2021

NITI Aayog sees transition of automobiles towards electric mobility

Amitabh Kant, CEO, Niti Aayog said that, the transition of automobiles towards electric mobility is inevitable and the auto industry should make the change to make India a global EV leader.

MG Motor to invest Rs 25 billion to increase capacity of Halol plant
News
  Aug 25, 2021

MG Motor to invest Rs 25 billion to increase capacity of Halol plant

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.

 Indian auto industry voluntarily recalls 376,536 vehicles in 2021: SIAM
News
  Aug 18, 2021

Indian auto industry voluntarily recalls 376,536 vehicles in 2021: SIAM

The recall rate is double that of 2019. While Hyundai Motor India, Mahindra & Mahindra and Toyota Kirloskar Motor saw several recalls, Maruti Suzuki India and Tata Motors did not initiate any recall this year.

China’s CATL to raise $ 9 bn for expanding Li-ion battery production
News
  Aug 17, 2021

China’s CATL to raise $ 9 bn for expanding Li-ion battery production

Chinese battery giant, CATL, private share, $8.98 billion, production capacity, lithium-ion batteries

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