Auto Industry

Reuters

Aug 22, 2021, 9:05 PM

Honda Swings To Q1 Operating Profit, Trounces Estimates

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.

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  Reuters | Aug 22, 2021

  Maruti Suzuki India Sees Hydrogen As 'Interesting Alternative'

  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".

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  Charanpreet Singh | Aug 22, 2021

  Tata HBX Micro SUV First Teaser Out, Launch This Festive Season

  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.

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  Charanpreet Singh | Aug 22, 2021

  Petrol, Diesel Prices Reduced By Up To 20 Paise

  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.

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  Reuters | Aug 22, 2021

  COVID-Fuelled Semiconductor Crunch Chips Away At Carmakers

  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.

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  Reuters | Aug 22, 2021

  China Evergrande In Talks With Xiaomi Consortium To Sell EV Unit Stake

  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.

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  Ameya Naik | Aug 22, 2021

  Automotive Supplier Faurecia Acquired 60% Stake In Hella

  The combination of HELLA and Faurecia will create a global technology leader covering both a broad customer portfolio and significant future trends in the automotive sector.

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  Reuters | Aug 22, 2021

  Taiwan Says Sees 'Balance' In Auto Chip Supplies By Fourth Quarter

  The issue has taken on a strongly diplomatic hue as Taiwan scrambles to reassure the United States, its most important international supporter and arms supplier, that it is doing all it can, especially at a time when Taipei is facing increased military pressure from China, which views Taiwan as its own.

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  Reuters | Aug 21, 2021

  Oil Posts Biggest Week Of Losses In Nine Months As Delta Variant Spreads

  While the Delta variant drags on fuel demand, supply is steadily increasing. U.S. production rose to 11.4 million barrels per day in the most recent week, and drilling firms added rigs for the third week in a row, services company Baker Hughes said.

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