India tops Japan to become world’s 3rd largest auto market
Easing chip shortage globally has helped Indian companies like Maruti Suzuki and Tata Motors post record sales in 2022.
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Maruti Suzuki produced 51,000 fewer cars in June quarter
Pending customer orders stood at about 280,000 vehicles at the end of the June quarter, says Maruti Suzuki.
Tata Motors hikes commercial vehicle prices by up to 2.5%
It’s the third hike by Tata Motors this year after it raised the prices of its passenger vehicles by 0.9% in January and the commercial range by 2.5% in March
China lockdowns, chip shortage, Ukraine war cloud FY23 growth: Tata Motors
Covid-19 lockdowns in China and the Russia-Ukraine war could lead to supply chain disruptions and decline in demand, says Tata Motors.
Auto component makers plunge into a well of uncertainty
The automotive ecosystem got a rude awakening when the rug of the import-laden supply chain was pulled from under its feet — first during the lockdown, and then due to rising geopolitical escalations.
Maruti Suzuki Q4 profit grows 58%, board declares dividend of ₹60 for FY22
Sales in domestic market stood at 420,376 units, a decline of 8% over that in Q4 FY21. However, the sales in the export market were at quarterly high of 68,454 units.
Vedanta-Foxconn JV to make semiconductors in India
Vedanta will hold the majority of the equity in the JV, while Foxconn will be the minority shareholder.
Ola Electric car concept teased, new Futurefactory on cards
The electric car concept shared by Ola Electric CEO Bhavish Aggarwal is a teaser of the design process for the company's next venture.
Passenger vehicle sales in Q3 lowest in 5 years amid chip shortage
PV sales dropped 15% to 7,61,124 units in the third quarter, their lowest level in five years, says the Society of Indian Automobile Manufacturers (SIAM).
New Semiconductor Policy needs R&D eco-system to fly
Few analysts observed that implementing the proposals of the scheme requires availability of advanced technology which is not available in the country.
