Page 69 - Automobile Industry

GM cites chip shortage for weaker 2021 outlook amid Covid-19 pandemic

GM shares were down 0.3% to $55.89 in premarket trading.

FPIs pumped money into capital goods, auto sectors before Budget

Overseas investors increased exposure to the capital goods space at the right time as the sector got a major boost from the capex-driven Union Budget

Two-wheeler makers plan to resume capital expenditure plans in FY22

This will come as a boost for the government, seeking private sector capex

Bosch says Covid-19 pandemic, chip shortage to weigh on carmakers in 2021

Around 85 million vehicles will roll off assembly lines around the world this year, more than the 78 million units produced in 2020 but still below the 92 million cars produced in 2019

Hit by shortage, Volkswagen demands boost to Europe's chip sector

"We won't produce chips ourselves," Markus Duesmann, Volkswagen's board member in charge of research & development and head of luxury unit Audi, told Reuters

Budget 2021: Customs duty hike to make electronics items more expensive

In the Budget for 2021-22, finance minister Nirmala Sitharaman introduced higher import duty rates on over a dozen handset and automobile components.

Mercedes, Skoda say custom duty hike on certain parts to increase prices

The proposal to increase customs duty on certain imported automotive parts in the Union Budget 2020-21 will lead to increase in car prices, according to Merecedes-Benz India and Skoda Auto Volkswagen

Tata Motors hits profit after three quarters, net zooms 67% to Rs 2,906 cr

JLR posts its highest free cash flows in Q3

Bumpy ride: Automakers hit reverse gear, BSE Telecom index down 2.9%

In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months

Top headlines: Security clearance policy for PSU privatisation, and more

The government is set to amend its security clearance policy for investors participating in privatisation or strategic divestment in PSUs. Read today's top news with Business Standard

Automobile industry in India going through structural slowdown: SIAM

The auto industry has been facing headwinds even before the pandemic derailed the entire sector last year

Explained: Why auto design from Indian carmakers lags global standards

The majority of the cars in India have not been very exciting, perhaps because they have been so value conscious, an expert said

After 'green tax' approval, govt may put vehicle scrap policy on hold

"The announcement of green tax is a step towards the scrappage policy," an official told Business Standard

Luxury carmakers rev up in India, plan over 50 new models after Covid pain

With over 50 new launches this year, super-premium marques are taking a calculated bet on the Indian market that touched a decadal low in 2020

Royal Enfield's wheels of fortune

Book review of Indian Icon: A Cult Called Royal Enfield

Powering mobility

Big push for charging infrastructure is a must for EV penetration

Automobile Q3 results preview: Strong volume recovery to drive earnings

The sharp increase in prices of major commodities such as steel, aluminum, copper and rubber may dent auto industry's Q3 results

Maruti Suzuki, Tata Motors, M&M: Price hike puts auto stocks in fast lane

On Monday, Maruti Suzuki increased the price for select models by up to Rs 34,000 to offset adverse impact of rising input costs

Maruti Suzuki increases prices of select vehicles by up to Rs 34,000

The company is increasing the price for select models owing to an increase in various input costs

Second-hand car business on high speed in India amid Covid-19 pandemic

The pandemic has accelerated the second-hand car business to the point of a demand-supply imbalance