Small cars, sports utility vehicles, sedans, and two-wheelers are set to get costlier with automakers raising prices to partially absorb the impact of high material costs.
Tag: automakers
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Dispute arise between US & Mexico over new auto component rules
The Mexican government requested a dispute resolution panel under the US-Mexico-Canada free trade agreement because it claims the United States is improperly interpreting stricter regional content rules under the pact.
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Automakers need to work closely with lithium producers: Experts
Albemarle Corp and Livent Corp executives advised automakers to work with lithium producers to ensure that they provide specialised forms of the white metal that enhance an electrical car’s efficiency.
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Automakers face low sales across most segments in November
Automakers declared muted sales in November across most segments. The numbers were disappointing because it is considered a month of high demand and auto companies generate most of their yearly sales.
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Global auto industry to loss $210 bn due to chip shortage
An ongoing global shortage in semiconductors is on track to cost the world’s automakers $210bn in lost revenue this year, almost double that of previous estimates.
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FADA predicts dull festive season for auto sector due to chip shortage
OEMs are struggling to supply adequate vehicles to dealers. FADA’s outlook remains a mixed bag with PVs witnessing demand-supply mismatch and the 2W segment facing a demand crunch.
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Hyundai Motors to popularise hydrogen energy by 2040
At the Hydrogen Wave global online forum, Hyundai Motor Group has presented its vision to promote hydrogen energy and set up a global hydrogen society.
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India should achieve 5% of global components trade by 2026: CII President
The CII President said that the Indian auto ancillary industry should expand its export list and reach at least 5% of global components trade by 2026. He shared his views at the 61st annual session of ACMA.
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Indian auto industry voluntarily recalls 376,536 vehicles in 2021: SIAM
The recall rate is double that of 2019. While Hyundai Motor India, Mahindra & Mahindra and Toyota Kirloskar Motor saw several recalls, Maruti Suzuki India and Tata Motors did not initiate any recall this year.
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MoRTH issues draft notification for E-12 and E-15 blending in petrol
The draft notification facilitates the use of 12% and 15% ethanol-blended gasoline as automotive fuels. The government has invited comments from stakeholders within a period of thirty days.