A steady flow of export orders and turnaround in automobile sales have helped small and medium auto component makers emerge relatively unaffected from disruptions caused by the second pandemic wave.

In pre-pandemic times, buying a pre-owned car required people to visit the showrooms, prolonged negotiations, and detailed inspections. But it is not the case now. Buyers are more confident with online buying now.

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

After modification, incentives for electric 2Ws have been increased to Rs 15,000 per KWh from Rs 10,000 per KWh. EESL will aggregate demand for electric 3Ws and buses.

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.

Renault-Nissan’s Chennai Plant near Oragadam in Tamil Nadu has been allowed to continue production by the Madras High Court, as reported by PTI.

The government is planning to soon notify the production-linked incentive (PLI) scheme, announced as part of Aatmanirbhar Bharat initiative to boost domestic manufacturing, for sectors like auto components, steel, and textiles.

Motherson Sumi Systems Limited (MSSL) announced its financial results for the fiscal year 2020-21 which showed that the Profit after Tax of the company is up by 290%.

According to TechSci Research, the used car loan market will grow at a CAGR of around 11% and reach $ 16 billion by FY 2027. Low interest rates, increased ownership of used cars, etc. would drive this growth.