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Kia Sonnet crosses one lakh sales milestone in India
News
  Sep 20, 2021

Kia Sonnet crosses one lakh sales milestone in India

Kia India, the fastest-growing carmaker in the country, announced the sales of 1,00,000 units of its compact SUV – Sonet, a feat achieved in less than 12 months of its launch in India.

Auto ancillary industry to see demand recovery: Ind-Ra
News
  Sep 15, 2021

Auto ancillary industry to see demand recovery: Ind-Ra

Ind-Ra has maintained an improving outlook for the auto ancillary sector and maintained a stable outlook on its rated portfolio for the second half of FY22. Credit metrics are likely to improve in FY22.

Jarsh Innovation develops AC helmets for workers
News
  Sep 13, 2021

Jarsh Innovation develops AC helmets for workers

A Hyderabad-based company has built helmets with an inbuilt air-conditioner so that the industrial workers can be given good working conditions.

Vehicle sales for August take a beating due to global chip shortage
News
  Sep 06, 2021

Vehicle sales for August take a beating due to global chip shortage

This year auto dealers expect the semiconductor shortage to result in sales dropping by about 30%. SIAM has asked the MEA to reach out to chipmakers to prioritise Indian automakers when plants reopen.

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.

Nitin Gadkeri: India to become auto manufacturing hub in next five years
News
  Aug 20, 2021

Nitin Gadkeri: India to become auto manufacturing hub in next five years

Under its Corporate Social Responsibility program, Escorts Ltd., conducted over last 42 days free COVID-19 vaccination camps, inoculating over 37,000 residents in and around Faridabad district in Haryana.

TI Cycles launches e-bicycle Montra City Unplugged
News
  Aug 18, 2021

TI Cycles launches e-bicycle Montra City Unplugged

Montra E-bicycle will provide a range of up to 30 km in a single charge and up to 25 km/h maximum speed. The e-bicycle, priced at Rs 27,279, is an affordable and effective solution for daily travel.

Faurecia SE buys 60% stake in German auto component player Hella
News
  Aug 18, 2021

Faurecia SE buys 60% stake in German auto component player Hella

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.

Amara Raja Batteries reports 99.61% jump in PBT Q1
News
  Aug 18, 2021

Amara Raja Batteries reports 99.61% jump in PBT Q1

As per the report shared by Amara Raja batteries Limited, the Profit before Tax of the company stood at Rs 1.67 billion for Q1 of the financial year 2021-22.

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