Auto Industry News

Toyota has been forced to cut output due to the chip shortage and lockdown measures that have slowed component production at factories in Malaysia and Vietnam, even as vehicle demand around the world rebounds from a pandemic slump.

Honda's production plans have been hit by the shortage, with global output in September falling 30 per cent from a year ago.

Home-grown commercial vehicle manufacturer, Ashok Leyland, has announced the launch of its new 12-metre Ultra Low Floor CNG buses in India. The flagship company of the Hinduja Group handed over 10 units of the new low floor bus to IndiGo (InterGlobe Aviation) airlines to be used at the New Delhi Airport.

Autonomous delivery vehicle maker Nuro raised $600 million in its latest funding round, the Silicon Valley-based startup said on Tuesday, bringing on board Alphabet Inc's Google as an investor.

The central government has announced a major reduction in fuel prices on the occasion of Diwali with petrol now cheaper by Rs. 5 and diesel by Rs. 10 across the country.

Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, versus a loss of over Rs. 607 crore ($81.55 million).

Indian Oil Corporation Limited on Wednesday announced that it will establishment of over 10,000 electric vehicle (EV) charging stations across India in the next three years.

Ola CEO, Bhavish Aggarwal tweeted about selling more than 1000 cars through its used car platform Ola Cars over Dhanteras weekend, however, several Twitterati expressed some critical opinions about bad buying experience, the cars being too pricy, and even about delays in delivery of the Ola S1 electric scooter.