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.
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.
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.
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.
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 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.
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.
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.
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.