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.

There is a big shift in demand for sedan cars from the pre-pandemic era to now. The second wave of Covid-19 has brought about many changes in the automotive industry as it has affected people’s purchase plan for cars.

Wayne Burgess will lead a team that will work on designing cutting-edge electric vehicles for the world.

According to Mahindra Group, a new automotive design centre has been set up in the UK to introduce sophisticated, authentic SUVs with an unmissable presence in the market. The new design will have a European touch.

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.

In this interview with Rakesh Rao, Vikram Handa, Managing Director, Epsilon Carbon, highlights on the potential of lithium-ion battery market and growth opportunities for the company.

The pace at which hydrogen is being pushed as an alternative to fossil fuels is quite slow in this country. This has put a stop to the launch of the first hydrogen-powered car from Hyundai.

Hyundai is planning to suspend production in its Asan plant for two days next week, owing to the lack of electronic parts. The company had already suspended operations on Monday and Tuesday last week.

The XUV700, which is slated to be launched in Q2 FY2022, will be manufactured at the company’s manufacturing facility at Chakan in Maharashtra.