Auto Industry
car&bike Team
May 1, 2022, 8:31 PM
Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.
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Shubham Parashar | May 1, 2022Auto Sales April 2022: Tata Motors Records 66 Per Cent Growth In Passenger Vehicle SalesTata Motors continues to record robust sales growth despite headwinds in supply chain due to the semiconductor shortage issue.1 min read
Seshan Vijayraghvan | May 1, 2022Auto Sales April 2022: Skoda Reports 8% Decline Over March 2022; But Saw Over 5-Fold Growth YoYCompared to 5,608 units sold in March 2022, Skoda's highest-ever monthly sales in India, the company saw a month-on-month decline of about 8 per cent. However, against the 961 units sold in April 2021, Skoda saw a year-on-year growth of 436 per cent.1 min read
car&bike Team | May 1, 2022Volkswagen Group China's Component Factory In Tianjin Resumes Some ShiftsThe component factory VW Automatic Transmission Tianjin had been closed since Monday last week, Volkswagen Group China said earlier.1 min read
car&bike Team | May 1, 2022European New Car Sales Down 1.5% In 2021: ReportA global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finished goods and unable to meet demand.1 min read
car&bike Team | May 1, 2022Vedanta To Create $10 Billion Fund To Bid For BPCL Stake, Other AssetsVedanta plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).1 min read
car&bike Team | May 1, 2022Hyundai Motor Partners With Quantum Computer Firm IonQ For Battery DevelopmentThe partnership will create a battery chemistry model to simulate the structure and energy of lithium oxide, to help improve the performance, costs, and safety of lithium batteries, IonQ said.1 min read
car&bike Team | May 1, 2022Mitsubishi Says Chip Shortage May Continue To Hit Mexican Output In H1: ReportHeld back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.1 min read
car&bike Team | May 1, 2022Toyota Needs To Build 1 Million Cars In March To Reach Annual TargetToyota has been trying to increase production in the final months of the business year to make up for output lost earlier because of a shortage of components from plants in Southeast Asia hit by COVID-19 lockdown restrictions.1 min read
