Auto Industry News

Tata Motors reiterated that it expected the chip supply crunch in the second quarter to be greater than in the first, likely resulting in wholesale volumes at JLR to be about 50% lower than planned.

Tata Motors ends Q1 FY2022 with a good performance. The net loss for Q1 FY2022 was almost halved from Rs. 8,437.99 crore to Rs. 4,450.92 crore. Total revenue stood at Rs. 66,406 crore.

Tata says demand remains strong for Jaguar Land Rover (JLR) and India passenger vehicles, with commercial vehicles seeing a gradual improvement.

The suspension at assembly line No. 1 of the Sohari facility may be extended further depending on the result of coronavirus tests on its workers, a company spokesman said.

Volvo Cars aims to become the fastest transforming company in the sector and to be fully electric by 2030.

Daimler said that as of 2025, it expects electric and hybrid electric cars will make up 50% of sales - with all-electric cars expected to account for most of that - earlier than its previous forecast that this would happen by 2030.

The announcement came the day after the California-based company said it was exploring building a second U.S. assembly plant.

The features - to be available in vehicles like the Cadillac Escalade and the Chevrolet Silverado - will also include trailering for trucks and SUVs, and an enhanced navigation display.