Auto Industry News
General Motors Swings To Profit, Raises Full-Year Outlook
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, Honda Beat Profit Estimates But Are Wary Of Extended Chip Crunch
Aug 4, 2021 10:38 PM
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 Carmakers Seek Extra Year To Meet Fuel Efficiency Rules: Report
Aug 4, 2021 09:05 PM
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 Says Chip Shortage, Raw Material Prices To Hit Second Half
Aug 4, 2021 08:46 PM
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.
India's Team Averera Wins The First Shell Eco-Marathon Virtual League Championship
Aug 4, 2021 04:27 AM
Team Averera from the Indian Institute of Technology BHU garnered 1498 points throughout the 2021 season beating over 200 teams to the title globally.
E-Vehicles Exempted From Registration Certificate Fees
Aug 4, 2021 02:49 AM
The Ministry of Road Transport and Highways on Tuesday said it has issued a notification to exempt battery operated vehicles from the payment of fees for issue or renewal of registration certificate.
China's Electric Vehicle Makers Report Strong July Sales
Aug 4, 2021 02:34 AM
Electric vehicle sales at China's Li Auto and Xpeng Inc more than tripled in July from a year ago, while they doubled at Nio Inc, helped by robust demand for new energy automobiles in the world's biggest auto market.
Stellantis Announces Multiple New Leadership Appointments in India
Aug 3, 2021 09:01 PM
Just days after appointing new business heads for the Citroen and Jeep brands in India, Stellantis, the multinational automotive corporation formed with the merger of FCA and Groupe PSA, has now made several new leadership appointments in India.
Omega Seiki Mobility Signs MoU To Set Up EV Manufacturing Facility In Uttar Pradesh
Aug 3, 2021 07:44 PM
As a part of this collaboration, the Omega Seiki Mobility will invest Rs. 100 crore in the state, and will also be creating 10,000 jobs in the next two years in Ghazipur.
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