Auto Industry News

Hyundai India sold 45,791 units (domestic + exports) in September 2021 recording a drop of 23.6 per cent when compared to 59,913 units.

Mercedes-Benz India has announced that it will launch the locally assembled S-Class luxury sedan in India on October 7, 2021.

MG Motor India has recorded a slump in MoM sales which is primarily attributed to the chip shortage leading to supply constraints at the carmaker's end.

Anurag Mehrotra, the former Head of Ford India, has now joined Tata Motors as Vice President - International Business and Strategy of its Commercial Vehicle Business Unit (CVBU). He will likely report to Executive Director & Head, CVBU, at Tata Motors.

In September 2021, Maruti Suzuki India's total sales stood at 86,380 units, witnessing a 46 per cent decline compared to 160,442 vehicles sold in September 2020. The company says that its sales volume was severely impacted due to a shortage of electronic components like semiconductor chips.

Toyota recorded a month-on-month (MoM) growth of 14 per cent as it sold 8116 units in August 2021 while its year-to-date (YTD) sales went up by 98 per cent.

Ola Electric, the EV arm of ride-sharing app Ola Cabs, has announced raising more than $200 million, or Rs.1,486 crore, in the latest round of funding led by Falcon Edge, Softbank and other investors.

Petrol prices hiked in Delhi by 25 paise while diesel went up by 30 paise in the national capital as fuel prices hit a record high across the country.