Auto Industry News

Tata Motors has launched the Tiago NRG in just the range-topping trim for now but will consider introducing lower variants as well if the model garners strong demand.

Hyundai Motor Co will invest in Germany's H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.

The previous BS4 version of the Tata Tiago NRG crosshatch which was based on the pre-facelift Tiago accounted for 10 per cent of Tiago's overall sales in its brief period and was well accepted in rural markets.

Organisers of the 2021 New York Auto show have pulled the plug on the much-awaited event having concerns regarding the safety of visitors and exhibitors anticipating the third-wave of COVID-19.

General Motors Co on Wednesday swung to a second-quarter profit from a loss last year when the COVID-19 pandemic shut operations and raised its full-year forecast despite an $800 million hit from the recalls of the Chevrolet Bolt electric vehicle.

Toyota Motor Corp posted a record quarterly profit on Wednesday and Honda Motor Co raised its annual profit estimate as pandemic-hit sales rebounded, but the automakers saw no end in sight to the global chip shortage.

Indian automakers are seeking an extra year to meet tighter rules on fuel efficiency, aimed at reducing carbon emissions, as the companies reel from the financial impact of COVID-19, sources told Reuters.

BMW raised its 2021 profit forecast on Tuesday after strong quarterly results, but said the global semiconductor chip shortage and rising raw materials prices would hurt its performance in the second half of the year.