EBITDA for the quarter ended June 30, 2021, stood at Rs 510 million as against Rs 440 million a year back, indicating a growth of 214%. It continued to consolidate its leadership in the Large Vans segment.

Many industry mavens from various sectors unanimously think that India has learned many lessons from the pandemic, and it can certainly handle the challenges if the third wave arrives shortly, says Manav Kapur, Executive Director, Steelbird International.

The auto production in Mexico fell 26.5% for the month of July 2021 when compared to July 2020. AMIA has revised its estimated outlook for the production of vehicles and exports to the same levels recorded in 2020.

The machine tools manufacturing sector was one of the worst-hit sectors during the COVID-19 pandemic. IMTMA expects the industry to grow around 8-10% due to infrastructure spending and investments.

Continental is shaping the future of automobility by supplying all of the world’s innovative and disruptive premium manufacturers with state-of-the-art surface materials for vehicle interiors.

Toutche has named its London entity as its international headquarters to expand its overseas business and global presence. The entity will be strategic to Toutche’s global plans and supply chain operations.

The Automotive Component Manufacturers Association of India, ACMA has announced its findings on the automotive component industry.

According to Sandeep Sangwan, Managing Director, Castrol India Limited, the company has reported a strong financial performance and business delivery in 2Q of 2021.

As per Rajesh Menon, Director General, SIAM, the risk of infection is high in a B2C show like Auto Expo with large crowds and difficulty in social distancing, so it has been postponed for now.