Auto Industry News

Indonesia had more than 15 million cars and 112 million motorcycles on its roads as of 2019, data from Indonesia's automotive industries association showed.

The auto industry is facing renewed strains after a recovery in demand stretched supply chains earlier this year, with COVID-19 outbreaks in Asia hitting both chip production and operations at commercial ports.

Operating profit at Japan's No.2 car maker by sales for the three months ended June 30 was double the average profit estimate of 119.2 billion yen based on nine analysts surveyed by Refinitiv.

To reduce fuel consumption and emissions, Maruti is pushing sales of cars that operate on compressed natural gas (CNG), and is also investing in hybrid technology, Bhargava said, adding that "the use of hydrogen is also an interesting alternative".

Tata Motors has dropped the first teaser video for its upcoming micro SUV. It gives us a glimpse of the model's upfront design, which is likely to be carry forwarded from the concept car that was showcased at the Auto Expo 2020.

In Mumbai, petrol prices stand at Rs. 107.66 per litre after seeing a drop of 17 paise, while diesel rates fell 20 paise to Rs. 96.64 per litre. Delhi saw a 20 paise drop in both petrol and diesel prices standing at Rs. 101.64 per litre and Rs. 89.07 per litre, respectively.

After being forced to close plants last year as the pandemic took hold, carmakers are now facing stiff competition from the sprawling consumer electronics industry for chip deliveries amid global supply chain disruption.

Evergrande has been struggling to raise funds to pay its debts after Beijing stepped up curbs on the real estate sector to contain the risks of a bubble.