The operations of domestic automobile manufacturers may get further impacted if the lockdown in several cities of China, including Shanghai, to check Covid-19 infections gets prolonged.

As Sri Lanka is engulfed by its economic crisis, the new destination for Indian auto companies seems to be Bangladesh which is on the brink of a major economic boom, spurring auto majors to look eastwards.

Small cars, sports utility vehicles, sedans, and two-wheelers are set to get costlier with automakers raising prices to partially absorb the impact of high material costs.

All major vehicle original equipment manufacturers (OEMs) and component makers have applied for the automotive vehicle and component production-linked incentive (PLI) scheme, as per government sources.

The Tamil Nadu government is pushing home-grown Tata Motors to consider taking over the sprawling Maraimalai Nagar plant owned by Ford India, which has announced its plans to exit the country.

Gurpratap Boparai, the MD of the Indian subsidiary of the Volkswagen Group - Skoda Auto Volkswagen has resigned from his position as the head of the company.

India said it is looking at the possibility of partnering with Tanzania on investing in the construction of the automotive industry.

Recently, the Tata Motors and TPG Rise Climate has entered into a binding agreement, wherein the latter along with its co-investor ADQ will invest in its newly incorporated subsidiary of Tata Motors.

Government’s productivity linked incentive (PLI) scheme for auto and component industry is set to change it in a big way through electric vehicles (EV), new technologies and new players in the market.