Kumar Rakesh, senior automobile and technology analyst at BNP Paribas India, said that, raw material prices are stabilizing and price hikes would positively impact the margins of automakers.
Tag: automobile
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Global automobile production dips due to low manufacturing
Around 10 million less vehicles were produced in 2021 as a result of supply chain issues, market intelligence group LMC Automotive has revealed.
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KPIT ties up with German auto part maker ZF
Two weeks after announcing its plans to invest more in developing ‘computer-controlled vehicle technology’, KPIT Technologies has announced a tie-up with ZF, a billionaire German automobile technology provider.
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Indian auto sector would attract investments: Arun Goel
Addressing the media in Chennai, Arun Goel, Secretary, Union Ministry of Heavy Industries, said that the country has seen investments of around $34.5 billion in the last five years.
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Tata Motors opens new sales outlets in Southern India
Corresponding to its retail acceleration strategy, Tata Motors, India’s leading automobile company, inaugurated 70 new sales outlets across Southern India in a single day.
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Toyota Kirloskar signs MoU with Karnataka Govt for skill development
Toyota Kirloskar signed a Memorandum of Understanding (MoU) with the Government of Karnataka, for imparting industry-specific skill, culture and knowledge in Industrial Training Institutes (ITIs).
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Tata Motors launches XPRES brand for fleet customers
Tata Motors has announced the launch of a new brand ‘XPRES’ for its fleet customers. Under this, the company will introduce offering related to fleet-specific needs of safety, passenger comfort, and low ownership cost.
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Jharkhand Cabinet to launch new industrial policies
Jharkhand Industrial and Investment Policy (JIPP) 2021 has been initiated by the state cabinet which is going to replace the existing Jharkhand Industrial Policy of 2016.
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Beyond Garage to unveil new app for vehicle servicing
Beyond Garage, a leading car and bike repairing and servicing solutions provider, has announced that it is going to launch its application so that users can book slots for their vehicle servicing.
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FADA: Demand for passenger vehicles beneficial for auto industry
According to the data generated by FADA, the auto industry is back in recovery mode after experiencing troubling times in the month of April and May.