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Friday, June 18, 2021

auto industry

AUTO INDUSTRY NEWS

Tesla's vehicle price increases due to supply chain pressure, Musk says

June 01, 2021 8:13 am

In May, Tesla increased its Model 3 and Model Y prices, the automaker's fifth incremental price increase for its vehicles in just a few months, the Electrek website reported.

Chip shortage forces carmakers to leave out some high-end features

May 06, 2021 12:57 pm

Nissan is leaving navigation systems out of thousands of vehicles that typically would have them because of the shortages. Ram no longer offers its 1500 pickups with a standard “intelligent” rearview mirror that monitors for blind spots. Renault has stopped offering an oversized digital screen behind the steering wheel on its Arkana SUV -- also to save on chips.

Auto industry has a major role to play in India’s economic growth

April 16, 2021 8:52 am

The industry has the potential to compete with global leaders. It must work with the government to grow by 10-12 per cent per year for the next 10 years, and more importantly, grow responsibly.

How the global chip shortage is impacting Japan's carmakers

January 15, 2021 2:44 pm

Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips used in those devices.

June quarter results of auto companies likely to be "dismal": Jefferies report

July 20, 2020 5:35 pm

"Q1FY21 is expected to be one of the worst quarters for the Indian auto industry due to a sharp decline in volumes amid COVID-19," Jefferies said in a research note.

Restrictions on tyre imports to curb inflow from China, help domestic industry: ATMA

June 17, 2020 4:52 pm

The government had on Friday imposed curbs on imports of certain new pneumatic tyres used in motor cars, busses, lorries and motorcycles in a move to promote domestic manufacturing.

Vehicle production may be critically hampered due to coronavirus outbreak, says SIAM

March 11, 2020 2:50 pm

Society of Indian Automobile Manufacturers (SIAM) has been in touch with the government with specific recommendations on behalf of the auto industry, SIAM President Ranjan Wadhera said in a statement.

SIAM proposes setting up of South Asian Automotive Forum

February 27, 2020 2:39 pm

The objective of the forum is to further trade and establish a strong automotive industry in South Asia, Society of Indian Automobile Manufacturers Association (SIAM) said in a statement.

Indian auto industry to be negatively impacted, supply chain disrupted if Coronavirus persists: ICRA

February 19, 2020 5:42 pm

China accounts for 27 per cent of India's auto component imports valued at USD 4.8 billion and, the impact is estimated to be higher for high value-add and customised components, while commoditised products could shift to alternative suppliers, ICRA said in a statement.

Auto industry apprehensive over coronavirus impact on component supply from China: SIAM

February 10, 2020 2:41 pm

Auto industry body Society of Indian Automobile Manufacturers (SIAM) said it will be collecting information and data from its members in the next couple of days to understand if there could be disruptions, and to what extent, if there are any.