Page 11 - Automotive Industry

Repair, not replace, vehicle under warranty

The National Commission observed there was no evidence to establish an inherent manufacturing defect, so the State Commission was justified in not ordering a refund

India revenue secretary says open to 'tinkering' tax rates on automobiles

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automaker

Export-focussed sectors express disappointment over RoDTEP rates

The industry associations representing these sectors rued that the rates are lower than what companies enjoyed under the now discontinued MEIS scheme

Car hacking is worse than carjacking

Hackers can control a car in motion and force it to accelerate or stop suddenly. They can change the radio station, turn off the engine and change the temperature setting inside

TVS Motor auto sales grow 10% YoY in July with 278,855 units sold

Total two-wheeler sales growth came at 8 per cent with 262,728 units sold in July 2021 as against sale of 243,788 units in July 2020

India's automotive electronics market to cross $18 bn by 2027: Report

India's automotive electronics market is expected to cross $18 billion by 2027 driven by rising income levels and increasing customer preference for in-vehicle digital experience

Nissan chief executive tells Tokyo court Carlos Ghosn had too much power

Nissan chief executive Makoto Uchida told a Japanese court that the company's former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long

Talbros Automotive's profit rise multifold to Rs 12.7 cr in Mar quarter

Auto component maker Talbros Automotive on Tuesday reported a multifold rise in consolidated profit to Rs 12.7 crore for the March 2021 quarter, backed by product mix and higher capacity utilisation.

Hero MotoCorp to restart plant operations in staggered manner from May 17

Hero MotoCorp plans to restart plant operations in a staggered manner from May 17 after vaccinating 90 per cent of employees above the age of 45 years

Chip shortage to cost automakers $110 bn in revenues in 2021: AlixPartners

The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million

Passenger vehicle sales dip 10% in April due to Covid led restrictions

Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year, auto industry body SIAM said on Wednesday

April auto registrations fall 32% due to Covid surge, local lockdowns: FADA

Automobile registrations across the country dropped by 32 per cent last month as compared to April 2019 with passenger vehicles showing a decline of over 11 per cent, FADA said on Monday

Ashok Leyland scales down production across plants as demand dips

Hinduja group flagship Ashok Leyland on Monday said it has curtailed production at its manufacturing plants due to dip in demand with second wave of Covid-19 sweeping across the country.

We want to reimagine mobility, be the leader: KPIT Chairman Ravi Pandit

In this interview, Pandit talks about the shift the auto sector is seeing due to the pandemic, the rising demand for autonomous vehicles, and KPIT's trajectory on global automakers' digital road map

Kia lines up new model for Indian market; plans to ramp up sales network

South Korean auto maker Kia plans to introduce new models, enhance sales network and also ramp up production capacity to reduce the waiting period on the existing product range

Auto companies may see sharp increase in prices for steel contracts

Some have temporarily shut down units in the wake of rising Covid cases, but at least three major suppliers to the auto industry said the move was unlikely to impact negotiations

Chip shortage casts shadow on China's auto industry recovery: Details here

Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China

Ford details new production cuts due to global chip shortage: Details here

Ford said in March it expected the semiconductor shortage to cost between $1 billion and $2.5 billion

SIAM hails government's decision to extend FAME II certificate validity

Auto industry body SIAM on Wednesday termed the government's move to extend the FAME II certification validity by one year as a step in the right direction

Online used car retailing platform Spinny raises $65 mn in funding round

Spinny, an online platform for selling pre-owned cars, has raised $65 million in a funding round, led by Silicon Valley-based venture capital firm General Catalyst