2022 paints a chaotic, uncertain picture for auto sector despite healthy demand
Indian automakers are struggling to bridge the gap between supply and demand as inflated raw materials jolts them with the semiconductor shortage.
auto sector
April 2022
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Tata, Suzuki, Mahindra, Kia, Ola among 20 firms selected for auto PLI
A total of 115 companies had applied for the PLI scheme in the automobile and auto component industry.
India finally gets a long-awaited scrappage policy
The auto sector is jubilant over the government's new scrappage policy, which was announced by Nirmala Sitharaman during the presentation of the Budget. Some, however, say more work needs to be done.
CARS24 drives into unicorn club
The online transaction platform for used cars raises $200 million from DST Global, and others.
MG enters premium segment with Gloster SUV
This is the third launch for the year for MG, which is present only in the SUV segment.
Auto industry is losing ₹2,300 crore a day
The slowdown-hit sector takes a further hit as the nationwide lockdown hits demand. Auto sales fall 45% in March, SIAM data shows.
Auto sales fall 19.08% in February
The commercial vehicles segment suffered the steepest fall at 32.90%. The latest worry for the industry is the disruption in the supply of auto parts from China due to the coronavirus outbreak.
Challenge is to sustain momentum: MG Motor
We are looking at increasing our India portfolio to four products in two years, says its India head Rajeev Chaba.
Passenger car sales slide 11% in November
Sales of passenger vehicles, which showed marginal growth in October, also fell last month.
Passenger car sales fall 41% in August: SIAM
The industry body says this is the worst performance by the passenger car segment—the largest by volume—in two decades.
