Auto Industry

Seshan Vijayraghvan

Oct 28, 2021, 1:54 AM

Bajaj Auto's Q2 FY2022 Profits Grew 12% YoY To Rs. 1,275 Crore

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.

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  Reuters | Oct 28, 2021

  U.S. Battery Startup Redwood Materials Sets Deal With Korea's L&F

  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.

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  Reuters | Oct 28, 2021

  Chipmaker Infineon Plans 50% investment Boost

  Infineon said it would invest around 2.4 billion euros ($2.8 billion) in 2022, up from about 1.6 billion euros this year.

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  Reuters | Oct 28, 2021

  Ouster Will Buy Sense Photonics, Drive For More Automotive Deals

  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.

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  car&bike Team | Oct 28, 2021

  Planning To Buy A Used Renault Triber? Pros And Cons

  There is a lot about the Triber to like as it is a good family car and it also gets an automatic transmission.

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  Reuters | Oct 28, 2021

  Chipmaker Cree Changes Name To Wolfspeed, Strikes Deal With GM On Battery Tech

  The change comes as Wolfspeed has reoriented its business to the growing market for electric cars.

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  Reuters | Oct 28, 2021

  Audi CEO Sees Chip Shortage As 'Perfect Storm' But Will Get Through It

  Audi in July said it had been unable to build a mid five-digit number of cars in the first half of the year.

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  Seshan Vijayraghvan | Oct 28, 2021

  Maruti Suzuki Reports Delivery Backlog Of Over 2 Lakh Cars Due To Chip Shortage

  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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  Reuters | Oct 28, 2021

  Embattled Evergrande's EV Unit Vows To Make Cars Early Next Year

  Evergrande NEV has held meeting with suppliers and local authorities in the coastal city of Tianjin where it is building a car plant.

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