Auto Industry News
Greaves Electric Mobility Records Highest Sales In Q2 FY 2022
Greaves Electric Mobility, the electric mobility arm of Greaves Cotton Limited, has announced 85 per cent increase in sales in the second quarter of the current financial year. Till October 25, 2021, the company has announced sales of 5,000 units of electric two-wheelers and three-wheelers, and is anticipating a prosperous festive season ahead.
Bajaj Auto's Q2 FY2022 Profits Grew 12% YoY To Rs. 1,275 Crore
Oct 28, 2021 01:54 AM
Bajaj Auto has released its financial results for the second quarter (Q2) of FY2021-22. In the quarter that ended on September 30, 2021, the company witnessed a profit after tax (PAT) of Rs. 1,275 crore, a year-on-year growth of 12 per cent compared to Rs. 1,138 crore profit registered in Q2 FY2020-21.
U.S. Battery Startup Redwood Materials Sets Deal With Korea's L&F
Oct 28, 2021 01:41 AM
Redwood has signed a multi-year deal to use L&F's design and manufacturing technology at a new U.S. facility to make enough battery cathodes to supply up to 1 million electric vehicles a year by 2025.
Chipmaker Infineon Plans 50% investment Boost
Oct 28, 2021 01:25 AM
Infineon said it would invest around 2.4 billion euros ($2.8 billion) in 2022, up from about 1.6 billion euros this year.
Ouster Will Buy Sense Photonics, Drive For More Automotive Deals
Oct 28, 2021 01:21 AM
Ouster CEO Angus Pacala told Reuters acquiring Sense Photonics will accelerate by a year Ouster's effort to land high-volume contracts with auto manufacturers.
Planning To Buy A Used Renault Triber? Pros And Cons
Oct 28, 2021 01:06 AM
There is a lot about the Triber to like as it is a good family car and it also gets an automatic transmission.
Chipmaker Cree Changes Name To Wolfspeed, Strikes Deal With GM On Battery Tech
Oct 28, 2021 12:56 AM
The change comes as Wolfspeed has reoriented its business to the growing market for electric cars.
Audi CEO Sees Chip Shortage As 'Perfect Storm' But Will Get Through It
Oct 28, 2021 12:48 AM
Audi in July said it had been unable to build a mid five-digit number of cars in the first half of the year.
Maruti Suzuki Reports Delivery Backlog Of Over 2 Lakh Cars Due To Chip Shortage
Oct 28, 2021 12:38 AM
Maruti Suzuki India has reported a backlog of more than 2 lakh pending customer orders in India, which the company says is a result of the global shortage in the supply of electronic components.
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