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.
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
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.
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.
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.
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.
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.
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.
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