Auto Industry News

The world's biggest automaker by sales said last week its global production rebounded by 30 per cent in the quarter that ended in September but warned shortages of semiconductors and other components would continue to constrain output in coming months.

Maruti Suzuki India currently had 10 CNG cars in its line-up, and the Ertiga S-CNG commands the highest waiting period of them all. The MPV has a waiting period of around 37 weeks or over 8 months.

Royal Enfield is all set to launch the Super Meteor 650 and the Shotgun 650 in India, but we are likely to see their global debut at EICMA 2022.

In an exclusive conversation with car&bike, Shashank Srivastava, Senior Executive Director, Marketing and Sales, Maruti Suzuki India said the company has a year sales target of 4 lakh CNG cars with the new Maruti Suzuki Baleno CNG expected to contribute 13 to 14 per cent in its lifetime sales.

Stellantis said in a statement it had fully impaired the value of its investment in the joint venture in its results for the first half of 2022. It also said it would continue to provide service to Jeep customers in China.

According to the Wall Street Journal, about a dozen brands have offered to pause advertising on Twitter.

In the road transport and highways sector, 262 out of 835 projects are delayed. In railways, out of 173 projects, 115 are delayed, while for petroleum, 89 out of 140 projects are delayed, as per the latest flash report on infrastructure projects for September 2022.

The banks are not planning to syndicate the debt as is typical with such acquisitions, and are instead planning to keep it on their balance sheets until there is more investor appetite.