Everybody in the ecosystem is hoarding, or buying excess chips. Some are even buying four times their usual requirements
Analysts and executives said foreigners badly misjudged India's potential and underestimated the complexities of operating in a vast country that rewards domestic procurement.
Kia India on Thursday said it has launched the updated version of its premium multi-purpose vehicle Carnival with a price starting at Rs 24.95 lakh (ex-showroom).
Over a period of five years, the PLI scheme for the auto sector will lead to fresh investments of over Rs 42,500 crore and incremental production of over Rs 2.3 trillion
PLI scheme for the auto sector primarily aims to target two areas. OEM incentive scheme is linked to value sales and is applicable on battery electric and hydrogen fuel cell vehicles of all segments
Failure to read the market and taxes favouring small cars made some of the most storied names in the global automobile industry fail in the world's fifth-largest market
'Make in India as it stands has been a failure', says the author
Ford had been rethinking its India operations even before it had initiated discussion with Mahindra & Mahindra in 2019
Auto brands were already questioning the relevance of car shows before the novel coronavirus arrived
HMC (Hero Motors Company) Group is aiming to treble its exports and international revenue to Rs 3,000 crore by FY24, driven by high growth in the European and American markets.
The government is believed to have slashed the outlay for the automobile sector under the production-linked incentive (PLI) scheme to about Rs 26,000 crore
In China, Tesla shipped around 33,000 electric cars locally and to overseas markets in July
For those who want to get into sportier driving, the high-end variants come with paddle-shifters for quicker shifting of gears
Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month
Once the festive season is in full cry, the wait may be extended to six to nine months, and even spill over to the next calendar year, say auto dealers
The MINI Convertible is a cheerful, easy ride even if it is a little heavy on the pocket
Brokerages say TVS, Hero and Bajaj are at a greater risk than Eicher Motors
Tata Motors, Mahindra and Mahindra (M&M) and Maruti Suzuki have partnerships for scrapping vehicles
Though there was a recovery in the passenger vehicles segment sales