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.

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced a growth of 65 per cent over the first half of the previous year.

Ind-Ra has maintained an improving outlook for the auto ancillary sector and maintained a stable outlook on its rated portfolio for the second half of FY22. Credit metrics are likely to improve in FY22.

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.

OEMs are struggling to supply adequate vehicles to dealers. FADA’s outlook remains a mixed bag with PVs witnessing demand-supply mismatch and the 2W segment facing a demand crunch.

The BMW Group is increasing its efforts to combat climate change by introducing Neue Klasse, to significantly reduce CO2 emissions for the limitation of global warming.

This seed round was funded by Rishi Bagla, Chairman of Bagla Group and Olivier Guillaumond, Head of Global Innovation Labs and Fintech at ING Bank in the Netherlands.

Most drivers tend to sit at the wheel of their car as fully giving up control is still unimaginable for many. Majority hand over subtasks such as parking completely to assistants or get support in traffic.

The auto production in Mexico fell 26.5% for the month of July 2021 when compared to July 2020. AMIA has revised its estimated outlook for the production of vehicles and exports to the same levels recorded in 2020.