News Jan 07, 2022 Omicron may affect demand for vehicles in India: Acuite The reimposition of restrictions due to the rise in Covid cases is expected to impact demand for automobiles, especially for passenger vehicles and two-wheeler, according to ratings agency Acuite.
News Dec 31, 2021 Global automobile production dips due to low manufacturing Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed.
News Dec 27, 2021 Two wheelers, passenger vessels sales fall due to low demand, inputs India Ratings and Research (Ind-Ra) November 2021 report highlights the trends in the sub-segments of the auto sector, including passenger vehicles (PVs) and two/three-wheelers (2W/3Ws), focussing on sales volumes growth.
News Nov 22, 2021 Forging industry facing setback due to fall in auto sales With the ripple down effect of declining automobile sales, the forging industry is facing the heat with a sharp decline in demand.
News Oct 29, 2021 Chip shortage may reduce India’s auto volume growth: Crisil The ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13% this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs, says a Crisil report.
News Oct 01, 2021 Ford to invest $ 11.5 billion in electrification Teaming with its battery partner, SK Innovation of South Korea, Ford said that it will spend $5.6 billion in Stanton, Tennessee, where it will build a factory to produce electric F-Series pickups.
News Sep 16, 2021 Govt, industry, academia launch project iRASTE In a unique collaborative initiative between the government, industry, and academia towards advancing road safety, Project iRASTE was launched in Nagpur.
News Sep 15, 2021 Supply-side constraints to restrict India’s auto industry growth: Ind-Ra Ind-Ra revised auto volumes growth forecast to 12%-16% YoY from the initial forecast of 16%-20% YoY. The downward revision is due to a revision in the growth forecasts for 2Ws and PVs.
News Sep 01, 2021 India should achieve 5% of global components trade by 2026: CII President The CII President said that the Indian auto ancillary industry should expand its export list and reach at least 5% of global components trade by 2026. He shared his views at the 61st annual session of ACMA.