Global Car Production

Kia India profit down 25% in FY22 as tax outgo slams the brakes

Kia is one of the few unlisted global carmakers in India that saw a contraction in profits

Tesla surpasses 3 million car production mark, announces Elon Musk

Elon Musk has announced that his electric car company Tesla surpassed the milestone of producing 3 million vehicles

Maruti Suzuki India reports 3% production dip in November

The auto major reported total production of 1,45,560 units in November compared to 1,50,221 units in November 2020

Hyundai Motor aims to develop chips, cut reliance on chipmakers

A global shortage of semiconductors, triggered partly by surging demand for laptops and other electronic products during the pandemic, has shuttered some auto production lines globally this year

Semiconductor chip shortage: Industries face further output cuts and delays

Auto sector to be among the most affected by the crisis

Toyota cuts annual car production target on parts and chips shortages

The Japanese car maker now expects to build 9 million vehicles in the year to March 31, rather than 9.3 million

Renault, Nissan rule out merger, unveil plan to save troubled alliance

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

Lockdown 3.0: Maruti to restart production at Manesar plant on May 12

Hyundai begins preparations; a few others restart operations

Germany's Bosch warns 'peak car production' may already lie in the past

Bosch is pumping massive investments into electric mobility and autonomous and connected driving

India may beat South Korea to top 5 spot in global car production this year

In July, New Delhi toppled Seoul to gain the 5th spot for Jan-Jul period owing to production loss at Hyundai's labour strike affected plants