An ongoing global shortage in semiconductors is on track to cost the world’s automakers $210bn in lost revenue this year, almost double that of previous estimates.

Addressing the media in Chennai, Arun Goel, Secretary, Union Ministry of Heavy Industries, said that the country has seen investments of around $34.5 billion in the last five years.

VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, are keen to take advantage of the productivity linked incentive (PLI) through expansion plans for electric vehicles.

The impact of pandemic will be there for quite some time to stay and one can definitely expect a rise in the merger and acquisitions (M&As) numbers, says Manav Kapur, Executive Director, Steelbird International.

New plant demonstrates Schaeffler’s advanced capabilities in sustainability and e-mobility. The 15,000 sqm production facility for electrified powertrain components and systems meets highest standards of sustainability

The Auto Data Regulation would come into effect from October 1, 2021. It is brought in to change the supervisory landscape of the auto industry concerning the processing of automobile data.

OEMs are struggling to supply adequate vehicles to dealers. FADA’s outlook remains a mixed bag with PVs witnessing demand-supply mismatch and the 2W segment facing a demand crunch.

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.

Amitabh Kant, CEO, Niti Aayog said that, the transition of automobiles towards electric mobility is inevitable and the auto industry should make the change to make India a global EV leader.