"Several chip suppliers have been referring to structural problems with demand," Ola Källenius told reporters during a roundtable event ahead of the Munich IAA car show
Diess spoke as environmental pressure on the auto sector is ramping up, with the European Commission in July proposing an effective ban on the sale of new petrol and diesel cars from 2035
Two-wheeler major Hero MotoCorp on Sunday announced opening of bookings for the next batch of Harley-Davidson adventure tourer bike 'Pan America' 1250 after the first lot completely sold out.
Automakers have witnessed robust demand so far and are now looking to spruce up supplies to dealers in order to serve customers during the peak of festive period in October
Automobile demand recovery has been weaker than expected post the lifting of second lockdown in June 2021, said Motilal Oswal Financial Services Limited (MOFSL).
The recalled vehicles will be inspected and if any fault is found in their motor generator unit, that will be replaced free of cost
The Grandsphere concept is 5.35 metres long (17.6 feet) and sports 23-inch wheels as well as a retractable steering wheel
After facing shareholder heat last month, how has Lal's gamble to take the brand international fared?
India has revised its proposed $8 billion scheme for the auto sector which will now focus on incentivising companies to build electric and hydrogen fuel-powered vehicles
For those who want to get into sportier driving, the high-end variants come with paddle-shifters for quicker shifting of gears
For the first time since Covid outbreak, revenue of the operators is outpacing income and prompting them not only to replace older trucks but also expand fleet
Most other auto firms in India including Tata Motors, Hyundai Motors, Kia Motors, Nissan, Renault and Honda Cars have either already curbed production or will do so soon
In the absence of a specific policy push and incentives, launching models at a price point that is within the bounds of an average car buyer is still some distance away
The announcement by Mahindra comes barely a few days after a similar move by market leader Maruti Suzuki India, which expects production to be lower by 40% in the current month
Electric vehicle company Tesla's CEO Elon Musk has said that the upcoming Tesla Roadster "should ship in 2023"
Hyundai Motor India Ltd on Thursday launched its motorsports inspired 'i20 N Line' priced between Rs 9.84 lakh and Rs 11.76 lakh (ex-showroom).
Piaggio India on Thursday launched a new range of superbikes, including Aprilia RS 660, Tuono 660, Aprilia RSV4, Tuono V4 as well as the iconic Moto Guzzi V85TT.
Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month
The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 22 per cent dip in total sales at 453,879 units in August as compared with same month last year
The Delhi Transport Corporation (DTC) has extended the contactless e-ticketing trial on its buses till September 30, as per an order issued here