Tata Motors announced that Guenter Butschek will be stepping down from his role as CEO & MD from June 30, 2021.

Tata Motors supplies 25 Winger Ambulances to the Health Department of Gujarat as a part of the larger order of 115 ambulances.

VE Commercial Vehicles Limited has launched the Eicher Skyline Ambulance to support healthcare mobility during the global pandemic, providing fast and efficient solution for patient transportation.

China Automotive Systems, Inc. announced that its wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd., purchased a 40% interest in the issued share capital of Sentient AB.

Bengaluru-based mobility and electric vehicle technology start-up, Cell Propulsion, recently raised funding of $2 Million (debt + equity) in a growth round from existing investors.

Emkay Global Financial Services released its Automobiles report recently, according to which the May’21 volumes were likely to be hit by the second Covid-19 wave and lockdowns across states.

It is expected that the automotive components sector will see a rebound in its revenue for about 21-23% due to an increase in the domestic and export demand, as per a research analysis by CRISIL.

A comprehensive package to support dealer employees has been announced by VE Commercial Vehicle. Eicher truck and bus customers, dealers will be provided COVID insurance as they continue to operate.

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).