Tata Motors, a leading SUV player, has said it continued to be "agile" and was monitoring situation
China's reliance on semiconductor imports is unlikely to diminish over the medium term given constraints on its advanced chip production
The passenger vehicle dispatches to dealers increased by 11 in July as improvement in semiconductor supplies helped the companies to ramp up production ahead of the festive season, SIAM said.
Operators want eSIMS to be made mandatory while phone makers say this will push up costs
Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United States fell 11 per cent last month from a year earlier amid the prolonged global chip shortage.
Hyundai reported sales of 50,500 units in the domestic market (up 5.1 per cent YoY), against 48,042 units a year ago
Fresh chip scarcity may result in 4th straight year contraction in volumes
Shipments of Maruti Suzuki and Bajaj Auto vehicles see record jump
No significant global player has participated in the first round of the investment incentive scheme
The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years
It is optimistic of being a net debt-free company by 2024
The massive 50% surge comes from additional requirements for online learning and WFH; however, demand outstrips actual growth due to chip crunch
The auto industry body expects current quarter to be better but stops short of sharing any guidance owing to pandemic related uncertainties
'There is a huge demand for chips from automobiles, electronics, railways, the defence industry, power electronics amongst others', said Vaishnaw
Vaishnaw said the government is offering global players something competitors cannot match and that is brain power
Market-share loss in SUVs, supply disruptions, and margin improvement may take time to repair
States hold key to success of semiconductor incentive plan
Domestic fabless players to get support via design-linked incentive
Qualcomm projects that some demand-supply equilibrium may be achieved by early 2022, but shortage in automobile sector may last longer
MSIL Chairman R C Bhargava said at 80.4 per cent of net sales, material costs stood at an all-time high at the end of the September quarter