Auto Industry

Seshan Vijayraghvan

Oct 27, 2021, 9:01 PM

Maruti Suzuki Q2 FY22 Net Profit Drops 65% To 475 Crore Due To Chip Shortage

Maruti Suzuki India today released its financial results for the second quarter (Q2) of FY 2021-22, during which the company saw a net profit of Rs. 475 crore.

1 Min

• 
  Seshan Vijayraghvan | Oct 27, 2021

  New Skoda Slavia Compact Sedan's Specifications and Engine Details Released

  Skoda Auto India has also released a bunch of technical specifications and engine details of the new Slavia compact sedan.

  1 mins
• 
  Reuters | Oct 27, 2021

  General Motors Rages Against End Of Combustion Age With A 670-HP Corvette

  GM said it sold 23,858 Corvettes worldwide in 2020, and 27,376 in the first nine months of 2021. U.S. customers bought more than 24,000 new Corvettes this year.

  1 mins
• 
  Reuters | Oct 27, 2021

  Chip Constraints To Stretch Into 2022, Says French Car Sector Body

  Problems over semi-conductor supplies could still affect the car industry for a good part of 2022, the head of French car sector body PFA said on Tuesday.

  1 mins
• 
  Reuters | Oct 27, 2021

  India's HMEL To Start Bathinda Cracker By March 2022

  The cracker at the 230,000 barrels-per-day (bpd) refinery will have an annual capacity of 1.2 million tonnes.

  1 mins
• 
  Reuters | Oct 27, 2021

  India Plans Refiners' Joint Oil Deals To Cut Import Bill

  With local petrol and diesel prices rising to a record high amid India's worst power crisis in years, the nation wants to redouble its efforts to buy wisely.

  1 mins
• 
  Reuters | Oct 27, 2021

  France's Plastic Omnium Cuts Costs As Chip Crunch Hits Sales

  Plastic Omnium said it was in talks with suppliers to mitigate the rising costs, exacerbated by the spike in raw material prices.

  1 mins
• 
  Reuters | Oct 27, 2021

  Umicore Lowers Profit Forecast As Chip Shortage Bites

  Umicore said the impact of lower sales volumes is expected to be offset by a stronger than expected second half performance in cobalt and speciality materials.

  1 mins
• 
  Reuters | Oct 27, 2021

  Electric Vehicle Battery Startup ONE Backed By BMW, Gates-Led Firm

  ONE is working on a dual battery that combines a structural cell-to-pack design that uses cobalt- and nickel-free cathodes, with a second, high-energy pack that can recharge the first, potentially doubling vehicle range to 1200 km.

  1 mins