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Search Keyword: decline

Omicron may affect demand for vehicles in India: Acuite
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.

Global automobile production dips due to low manufacturing
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.

Two wheelers, passenger vessels sales fall due to low demand, inputs
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.

Forging industry facing setback due to fall in auto sales
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.

Chip shortage may reduce India’s auto volume growth: Crisil
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.

Ford to invest $ 11.5 billion in electrification
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.

Govt, industry, academia launch project iRASTE
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.

Supply-side constraints to restrict India’s auto industry growth: Ind-Ra
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.

India should achieve 5% of global components trade by 2026: CII President
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.

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