Auto Industry News

Ford took a $2 billion hit to stop making cars in India, following compatriots General Motors Co and Harley-Davidson Inc in closing factories in the country.

In the Czech Republic, production has been hit in the auto sector, a key driver of the economy. Skoda has thousands of cars unfinished as it waits for chips. Skoda said it expected semiconductor production to be ramped up in the fourth quarter.

Self-driving startup Argo AI, automaker Ford Motor Co and Walmart Inc will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday.

LG Energy Solution (LGES) and Hyundai Motor Group have started construction on a $1.1 billion plant to make batteries for electric vehicles (EVs) in Indonesia, amid a push by the Southeast Asian nation to tap its rich nickel reserves.

Ola Electric has crossed Rs. 1,100 crore in combined sales for the two days that the purchase window was open for its electric scooter. The next purchase window will open on November 1, 2021.

The upcoming Citroen C3 will be a B+ segment vehicle or a premium hatchback and it is based on the company's new Common Modular Platform (CMP). The car will go on sale in India in the first half of 2022.

The commercial vehicle space was one of the more badly affected segments due to the COVID-19 pandemic, however, with the gradual reopening of the economies the CV industry too started to recover. However experts believe real growth is still a bit far away.

Hero MotoCorp has announced a hike in ex-showroom prices of the company's scooters and motorcycles from September 20, 2021.