India’s passenger vehicle industry is set to lose 500,000-600,000 units in production and more than $5 billion in revenue this fiscal year due to the global shortage of semiconductors, say industry executives.
Tag: Mahindra & Mahindra
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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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Bharat Forge to produce e-2Ws and e-3Ws through its associate Tork Motors
The first model is expected to hit the market in 2022. Tork Motors meets the subsidy requirements of the (FAME-II) scheme and will produce electric two-wheelers (e-2Ws) and electric three-wheelers (e-3Ws).
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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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Mahindra & Magenta to launch end-to-end EV solutions in Bengaluru
Mahindra & Mahindra Ltd and Magenta have announced their association for redefining last-mile deliveries using Mahindra Treo Zor electric cargo vehicles.
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Volkswagen and Ford plan to exit the auto finance business in India
Volkswagen AG and Ford Motor Co plan to exit the auto financing business in India and will slowly stop giving new credit to car buyers and dealers in the country.
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Volkswagen and Ford plan to exit the auto finance business in India
Volkswagen AG and Ford Motor Co plan to exit the auto financing business in India and will slowly stop giving new credit to car buyers and dealers in the country.
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Mahindra sued for copying Jeep Wrangler’s design in Australia
The owner of Jeep has pulled India’s Mahindra & Mahindra to the Federal Court of Australia as the latter seems to have copied Wrangler’s design. M&M must give Jeep 90 days’ notice before the launch of Thar in Australia.
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Mahindra & Mahindra acquires 100% stakes in Meru Cabs
India-based multinational automotive manufacturer Mahindra & Mahindra has fully bought app-based ride-sharing company, Meru. Neeraj Gupta, the founder of Meru Cabs, has stepped down from his CEO position.
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Mahindra enters into strategic partnership with Castrol India
As per the pact, Mahindra will endorse a range of Castrol products which include aftermarket engine oils and transmission fluids for Mahindra tractors under the brand, Mileage Ka Master Mumbai, October 11, 2018