Auto Industry News

The Canadian truckers blockade is posing a risk to the auto industry's supply chain and U.S. officials were in close touch with their counterparts in Canada on the issue, the White House said on Wednesday.

Demand for nickel is expected to jump over the next decade as EVs go mainstream. Nickel bolsters energy storage in a battery's cathode, which in turn extends an EV's range. The auto industry is scrambling to boost EV range with large investments in research into more energy-dense batteries.

The Bajaj patriarch reportedly was suffering from pneumonia and also heart ailment. He was admitted to the hospital for the past month. He will be cremated with full state honours.

The European Automobile Manufacturers' Association (ACEA) represents the 16 major Europe-based automakers and said this would follow a 2.4 per cent decline in 2021 due to a shortage of semiconductors.

A return to more normal supplies of semiconductors would allow Mexican carmakers to increase use of installed capacity.

Ford said it was exploring the possibility of using a plant in India as an export base for EV manufacturing that could potentially be sold in the country too.

Under the Chandigarh Electric Vehicle Policy, buyers can avail of an incentive of Rs. 5,000 per kW on electric two-wheelers subject to a maximum of Rs. 30,000. The incentive stands at Rs. 10,000 per kW on electric cars up to Rs. 1.50 lakh

However, Mahindra does not see reducing its production capacity to offset the impact but instead looks for new sources to counter the shortage.