Page 20 - Automobile Industry
Bajaj Auto, Pierer Industrie AG to rejig shareholding pattern in KTM
Bajaj Auto Ltd on Monday said it has reached an agreement its Austrian partner Pierer Industrie AG for simplifying their shareholding pattern in premium bike maker KTM
 "Bajaj Auto, Pierer Industrie AG to rejig shareholding pattern in KTM")
Used-car market to more than double to 8.2 mn units by FY'26: Report
The pre-owned car market is set to more than double to 8.2 million units or $47 billion over the next five years ending FY'26 from 4 million in FY'21 or $17 billion
 "Used-car market to more than double to 8.2 mn units by FY'26: Report")
Car chip shortage to abate; smartphones next: Industry executives
The automotive sector has suffered the most this year but supply to the sector could improve relatively soon, with China taking up some production demand that Taiwan could not meet
 "Car chip shortage to abate; smartphones next: Industry executives")
Automovill raises $500,000 in bridge round from Mumbai Angel Netwrok
With the latest fundraise, the startup has raised $1.2 million since its inception
 "Automovill raises $500,000 in bridge round from Mumbai Angel Netwrok")
Automobile exports recover in Q1 amid improved pandemic situation globally
Automobile exports from India recovered in the first quarter in all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth as pandemic situation improves
Automobile exports reach $23.6 billion in H1 2021, highest in 7 years
Automobile exports in the first half of 2021 achieved the highest performance in seven years despite difficulties in procurement automobile components due to Covid-19 outbreak
 "Automobile exports reach $23.6 billion in H1 2021, highest in 7 years")
Brokerages, securities analysis industry good vehicles to ride bull-run
Larger firms garnering market share amidst good growth in industry
 "Brokerages, securities analysis industry good vehicles to ride bull-run")
Shortage of chips, worth a few dollars, costing global firms billions
Vehicles, computers, mobile phones, and other smart gadgets, with sticker prices ranging up to thousands of dollars, are stuck on assembly lines for lack of components
 "Shortage of chips, worth a few dollars, costing global firms billions")
First new Maruti Suzuki unit in Haryana can make 250,000 cars a year
The investment for the first unit would be to the tune of Rs 5,000-Rs 7,000 crore
 "First new Maruti Suzuki unit in Haryana can make 250,000 cars a year")
Hyundai Alcazar review: Large-sized SUV with a premium punch, like Tintin
Hyundai's latest seven-seater is aimed at customers who demand more than what the Creta or the Santa Fe offers
 "Hyundai Alcazar review: Large-sized SUV with a premium punch, like Tintin")
Rising fuel prices to have negative impact on automobile industry: SIAM
Rising fuel prices will have a negative impact on the automobile industry, hitting vehicle demand, while also adding to the overall inflationary pressure, auto industry body SIAM said on Wednesday.
 "Rising fuel prices to have negative impact on automobile industry: SIAM")
Maruti Suzuki raises prices of Swift, CNG models as input costs bite
The new prices are effective from today i.e. 12th July, 2021
 "Maruti Suzuki raises prices of Swift, CNG models as input costs bite")
Global chip shortage: When will India have its own semiconductor plant?
The country needs to focus on creating a semiconductor ecosystem of its own, to avoid being crippled by shortages
 "Global chip shortage: When will India have its own semiconductor plant?")
China's automobiles sales witness slump amid shortage of car chips
China is witnessing a slump in its car sales even as demand for semiconductors and prices of raw materials have been increasing, straining the country's economic recovery and weighing on global trade
 "China's automobiles sales witness slump amid shortage of car chips")
Second wave of the Covid-19 pandemic throws auto SMEs out of gear
Hope rests on exports and festive season accelerating recovery
 "Second wave of the Covid-19 pandemic throws auto SMEs out of gear")
Food, the switch and the wardrobe
Opening up in the US may switch spending to services and wardrobe restocking, and de-stock overflowing pantries
 "Food, the switch and the wardrobe")
Auto firms post record production in June, make up for halt in May
With unlocking and a normal monsoon, industry expects sales momentum to continue, commodity price a worry
 "Auto firms post record production in June, make up for halt in May")
Truck rentals drop by 5-7% in past fortnight as lockdowns hit production
The road transport sector will have to remain prepared for prolonged rainy days beyond the monsoon season: IFTRT
 "Truck rentals drop by 5-7% in past fortnight as lockdowns hit production")
With massive investment plans, steel leads India Inc's capacity expansion
Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters
 "With massive investment plans, steel leads India Inc's capacity expansion")
Advance tax collection: Automobile, IT firms lead surge in April-June qtr
Maruti Suzuki, Hero MotoCorp, TCS, and Infosys reported a jump between 44 per cent and 200 per cent in the April-June quarter of this financial year on account of a low base
 "Advance tax collection: Automobile, IT firms lead surge in April-June qtr")
