The company reported its worst performance in 12 years due to COVID-19 and the global semiconductor shortage. The Japanese carmaker has not reported a profit since the year ending March 31, 2019.

As India is reeling under the COVID-19 second wave, the ever-increasing demand for medical oxygen across the country has forced the Centre to impose restriction on its industrial use.

The top auto players anticipate challenges in the areas of dealership activity, supply chain and customer movement. Analysts expect the impact of the second wave on the auto sector to be considerable.

The company also plans to upgrade sales networks and increase production in the country. It intends to introduce a new MPV early next year after India recovers from the second wave of COVID-19 impact.

This lecture part of SIAM’s ‘Walk the Talk’ campaign, highlighting the importance of design, development, testing and homologation aspects of hybrid and electric vehicles.

The company plans to open the centre near Detroit by the end of 2022. The $185 million lab will be a 200,000-square-foot facility to design and manufacture battery cells along with electronic controls.

Maersk, one of the world’s leading shipping companies, has launched a double-stacked train service between Gurugram and APM Terminals to serve the automotive sector.

The auto industry is struggling to keep up the production as per the market demand owing to a major semiconductor shortage. Increased demand for cars and electronic gadgets is widening the gap.

Speaking virtually at the Amazon Smbhav Summit recently, Nitin Gadkari said that he is in the final stages of talks with auto manufacturers about the Indian government’s support for introducing flex-fuel engines.