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Auto Industry
Reuters
Nov 5, 2021, 6:57 PM
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.
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Reuters | Nov 5, 2021Honda Lowers Profit Outlook 15 Per Cent Amid Chip ShortageHonda's production plans have been hit by the shortage, with global output in September falling 30 per cent from a year ago.1 min read
Seshan Vijayraghvan | Nov 4, 2021Ashok Leyland Launches Ultra Low Floor CNG Buses; Delivers First Batch To Indigo AirlinesHome-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.1 min read
car&bike Team | Nov 3, 2021U.S. Autonomous Delivery Startup Nuro Raises $600 Million For $8.6 Billion ValuationAutonomous 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.1 min read
Sameer Contractor | Nov 4, 2021Central Government Reduces Prices On Petrol By Rs. 5, Diesel By Rs. 10 For DiwaliThe 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.1 min read
car&bike Team | Nov 4, 2021Ola Unveils First Operating Profit Ahead Of Potential IPOIndian 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).1 min read
car&bike Team | Nov 3, 2021Indian Oil To Set-Up 10,000 EV Charging Stations In 3 Years Across IndiaIndian 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.1 min read
car&bike Team | Nov 3, 2021Ola CEO Bhavish Aggarwal Tweets About Selling 1000+ Used Cars, Gets Trolled For Bad Buying Experience And E-Scooter DelaysOla 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.1 min read
Reuters | Nov 3, 2021Fisker Strikes Battery Supply Deal With China's CATLCATL will supply two different battery packs for the Fisker Ocean SUV, with an initial battery capacity of over 5 gigawatt-hours annually, from 2023 to 2025, the company said.1 min read
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