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  • Carmakers are seeing a pickup in demand compared to pandemic-hit 2021, but production has come under pressure from a global chip shortage and rising commodity prices. Several major Indian carmakers raised prices last year to pass on some of the excess costs to customers.
    India's Mahindra And Mahindra Reports Surge In Quarterly Profit

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  • Toyota has posted a record annual net profit of $17.9 billion as the world's biggest automaker saw a recovery in major markets and got a boost from the weaker yen. But the company, hit by a series of huge recalls and recent labour problems in India, warned that profit growth would slow this year.
    Toyota Posts Record Annual Profit of USD 17.9 bn