Page 5 - Supply Chain

MG Motor India sales drop by 11.4% in Aug, blames supply chain volatility

MG Motor India on Thursday reported an 11 per cent decline in retail sales in August, hit by supply chain constraints. The company retailed 3,823 units last month as compared to 4,315 units in August 2021. "The volatility in supply chains continues to cause many production challenges, however, this is expected to improve from next month onwards," the automaker said in a statement. In order to meet growing customer demand, the company has proactively undertaken multiple initiatives, including localisation and the introduction of executive vehicle variants in its product mix, it added. The company, a wholly-owned arm of China's SAIC Motor Corp, said it continues to have a strong order book with a positive outlook for the upcoming launches. The launch of the new version of Gloster, with significant safety, style, and technology enhancements, is expected to double the sales of the model line up, it added. The next-gen Hector, slated for a year-end launch, is expected to add to the gr

Maruti Suzuki open to partnerships to secure future supply chain: Chairman

"If required somewhere, we will get into a joint venture," said Bhargava, when asked what role Maruti would play in setting up and securing its future supply chain.

US calls for bolstering supply chain resiliency with 'trusted' partners

US Deputy Treasury Secretary has called for the bolstering of supply chain resiliency between "trusted partners" like the United States and India to maintain a free and open Indo-Pacific

Supply chain disruption a challenge but IndiGo CEO sure of capacity growth

Foresees 13% capacity growth, hints at likelihood of aircraft lease extension; airline is seeing passengers moving from rail and other modes on short duration routes

India must invite component makers first before OEMs: R C Bhargava

Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman

Audi to hike prices by up to 2.4% next month as supply chain costs rise

German luxury carmaker Audi on Tuesday said it will increase prices of its entire model range by up to 2.4 per cent next month. The price hike is a result of rising input and supply chain costs and will come into effect from September 20, 2022, the automaker said in a statement. At Audi India, we are committed to operating a sustainable business model. With rising input and supply chain costs, we are required to take a price hike of up to 2.4 per cent across our model range," Audi India Head Balbir Singh Dhillon said. Audi India sells petrol models A4, A6, A8 L, Q5, Q7, Q8, S5 Sportback, RS 5 Sportback and RS Q8. The electric vehicle portfolio under the e-tron brand comprises the e-tron 50, e-tron 55, e-tron Sportback 55, e-tron GT and RS e-tron GT. The company recently opened online bookings for Q3 in India.

China opposes new US chip law, says it will undermine global supply chains

Amid heightened cross-strait tensions between China and Taiwan, there is a shortage of semiconductor chips shortage across the world

Need to address gap due to India's jobless growth, says Anand Mahindra

On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets

Walmart cuts 200 corporate jobs as weak demand, bloated inventory weigh

Walmart will also add an unspecified number of jobs in areas such as e-commerce, health and wellness, ad sales and supply chain

Supply chain, margin woes for Siemens, but strong order flow a positive

Global headwinds may weigh on the sector and company's prospects; strong order flow is a positive though

World's food supply faces new threat after India's rice crop falters

The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation

Hero MotoCorp selects Accenture to enhance supply chain, reduce costs

Accenture will use its zero-based supply chain approach to facilitate Hero MotoCorp's cost optimisation efforts

Start-ups collaborate with chemists, shake up offline pharma business

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

Poor financials, broken supply chain, DGCA's flawed tech base ails aviation

Poor financials of the airlines, broken supply chain and lack of technical efficiency in DGCA are some of the major reasons behind the rising number of instances involving technical glitches in planes

Ukraine, Russia sign deal to reopen grain export ports as war rages on

The blockade by Russia's Black Sea fleet has worsened global supply chain disruptions

India adopts US' joint statement on cooperation of global supply chains

On behalf of partner economies including India, US State Department on Wednesday released a Joint Statement of the 2022 Supply Chain Ministerial Forum, focussing on the global challenges

Indian phonemakers served notices by Customs, get Rs 20,000 cr tax bill

Before September 2020, there was no import duty on such panels, but from October 1, 2020, an import duty of 10% is levied under the Centre's phased manufacturing programme

Supply chains inching back to normal brace for headwinds of softer demand

Citi cautioned against declaring an 'all clear' on the supply front

China's supply chain irreplaceable despite India, Vietnam appearing on map

DBG Technology Co is a contract manufacturer for major Chinese smartphone brands including Xiaomi, Honor and Huawei Technologies Co, reports South China Morning Post

TVS Supply Chain Solutions appoints Tarun Khanna as independent director

TVS Supply Chain Solutions, part of the TVS Mobility Group on Thursday said Tarun Khanna as been appointed as an independent director to its Board. With the appointment of Khanna, the strength of the city-based company's Board grew to 11 of which four were independent directors. "I am delighted to welcome Tarun to our Board as we prepare to go public. He brings deep understanding and knowledge of how entrepreneurship and innovation can be harnessed to build companies of global relevance and scale from emerging economies", TVS Supply Chain Solutions Executive Vice Chairman R Dinesh said in a company statement here. "He has been instrumental in shaping our approach to build a differentiated tech-led supply chain business in the early days and now he joins the board to help us scale faster and further, " he said. Khanna serves several profit and not-for-profit Boards in the United States and in the domestic market. "I am happy to join the Board of TVS SCS and be part of a value-led