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AUTO INDUSTRY NEWS

May PV wholesales slow, below 2018 levels

June 11, 2022 12:27 am

The two-wheeler wholesale dispatches last month were not only far off from the volumes achieved three years ago, they were even below the figures attained nine years back.

How car shortages are putting the world’s economy at risk

November 02, 2021 2:44 pm

The shock waves from the semiconductor crisis, which is forcing virtually all carmakers to eliminate shifts or temporarily shut down assembly lines, could be strong enough to push some countries into recession.

Stakeholders' meet soon to discuss growth plans for auto industry: Prakash Javadekar

June 29, 2021 4:26 pm

Javadekar added that many ideas are floating around on e-vehicles and there are newer solutions coming up, "so we will hold stakeholder consultation in both the areas very soon".

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.

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