Page 60 - Automobile Industry

Nissan reports over three-fold increase in domestic sales in September

Automaker Nissan India on Friday said its domestic wholesales rose over three fold to 2,816 units in September, up from 780 units in the same month of last year

Toyota Kirloskar posts 14% growth in domestic sales at 9,284 units for Sep

Toyota Kirloskar Motor (TKM) on Friday reported 14 per cent growth in its domestic wholesales to 9,284 units in September as compared with same month last year

Rolls-Royce to stop making internal combustion cars by decade's end

Meanwhile, cross-country rival Bentley has announced it will bring forth a fully electric vehicle by 2025

Supply chain snarls could cost automakers $210 billion this year: Report

A shortage of semiconductors is just part of the problem, Alixpartners said in a new forecast

The chip crisis grows worse as wait time stretches to record 21 weeks

Chip lead times, the gap between ordering a semiconductor and taking delivery, increased by 6 days to about 21 weeks in August from the previous month

Hundreds of Ford India workers protest over planned plant closure

The plant employs around 1,200 people

US opens probe into 30 million vehicles over air bag inflators

The 30 million vehicles include both vehicles that had the inflators installed when they were manufactured as well as some inflators that were used in prior recall repairs, NHTSA said in the document

'Illogical' prejudice against diesel vehicles, says Force Motors

Force Motors has pointed out unscientific and "ill-founded prejudices" against diesel-powered commercial vehicles and has sought free movement of such vehicles inside cities

I can promise we haven't lost interest in India: VW's Klaus Zellmer

Zellmer expects to see VW's market share grow to 3 per cent in the next five years

Sales back to normal, deliveries still affected, says Mercedes Benz India

The company has a nearly 40 per cent share in the luxury car market in India

FADA seeks clarity from Ford on compensation structure for dealers

Automobile dealers' body FADA has sought clarity from Ford about the compensation structure it is working out for its dealer partners after announcing the closure of its two manufacturing plants

Ford Motor's India exit opens dealers to legal action from customers

Dealers will likely face "legal complications" given that Indian consumer law makes them liable after a manufacturer exits, Vinkesh Gulati, president of the FADA said

This obscure Taiwanese firm's 1,219% rise shows profit, pain of chip crisis

Nan Ya Printed Circuit Board Corp. makes an essential component for chipmaking that has become the latest bottleneck for automakers and electronics companies suffering from semiconductor shortages

India's lagging automobile stocks face risk of festival season fizzle

Below-normal monsoon rains that have impacted rural demand and the risk of an impending third coronavirus wave are posing a challenge for Indian vehicle makers

Ford employees stage protest, demand Tamil Nadu govt's intervention

A section of employees at the manufacturing facility of Ford India staged a protest against the decision of the US-based company to close factory and sought intervention of the Tamil Nadu government

China is on course to build the best cars in the world for the right price

China pays relatively low wages and has millions of skilled workers steeped in the nation's strong manufacturing culture.

Chip shortage hits domestic auto wholesales in August; dispatches dip 11%

Automobile wholesales in India declined 11 per cent year-on-year in August, as the semiconductor shortage hit production processes across the industry, SIAM said on Friday.

Ford dealers invested over Rs 2,000 cr; staring at huge loss: FADA

Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday.

Apple's next big thing in doubt as chief of self-driving car project exits

Apple's car is a hotly anticipated product but the company says almost nothing about it.

Retail vehicle sales in August rose 14%, CV sales up 98%

Dealers registered a 14.48 per cent rise in total retail sales of vehicles in August 2021, compared to the same month last year.