Automobile

Volume of car exports from Kamarajar Port to drop 30%

The impending closure of American carmaker Ford’s plant in Chennai means a loss of good chunk of business for one of the city’s biggest ports.

published on : 16th September 2021

Cabinet may approve revised PLI scheme for auto sector on Wednesday

Last year, the government had announced the scheme for the automobile and auto components sector with an outlay of Rs 57,043 crore, earmarked for five years.

published on : 14th September 2021

Semiconductor shortage hits domestic automobile wholesales in August; dispatches dip 11%

The total wholesales across categories, excluding commercial vehicles, declined to 15,86,873 units last month, compared to 17,90,115 units in August 2020.

published on : 10th September 2021

Cabinet may soon approve revised production-linked incentive scheme for auto sector

Last year, the government had announced a PLI scheme for the automobile and auto components sector with an outlay of Rs 57,043 crore, earmarked for five years.

published on : 8th September 2021

Bounce-back slows on Covid fears, damp consumer sentiment

In Mumbai, August registrations of home sales fell 32% to 6,635 deals compared to the previous month of July, after lower stamp duty sops were withdrawn.

published on : 1st September 2021

Indian automobile industry facing many immediate, medium-term challenges: Kenichi Ayukawa

The COVID-19 pandemic has further caused negative growth for the industry pushing volumes back by many years, SIAM President Kenichi Ayukawa said.

published on : 25th August 2021

Auto registrations jump 34 per cent as economy opens up post COVID lockdown

Data released by FADA showed three-wheeler registrations were up by 83 per cent with 27,904 registrations in July 2021 compared to 15,244 in July 2020.

published on : 9th August 2021

After lull due to Covid, car exports pick up at Chennai, Kamarajar ports

Developed and produced in India, Renault had commenced exports to Nepal earlier this month.

published on : 3rd August 2021

Droom raises $200 million; eyes Nasdaq listing by 2022

The company said that it is eyeing listing on the US stock exchange, Nasdaq, or domestic stock markets by the next year.

published on : 29th July 2021

Auto sales up 23 per cent in June, but below pre-Covid levels

Passenger vehicles reportedly saw good demand as customers continued to show keenness in vehicles for observing social distancing and safety of their families.

published on : 9th July 2021

Automobile retail sales gather pace in June as states ease restrictions: FADA

Passenger vehicle retail sales rose to 1,84,134 units last month against 85,733 units in May this year as the COVID-19 situation improved across the country.

published on : 8th July 2021

Stakeholders' meet soon to discuss growth plans for automobile industry, says Union Minister Prakash Javadekar

Ex-Mahindra and Mahindra MD Goenka also said the auto industry today in India is bruised as even before the pandemic, it was almost stagnant for five years.

published on : 29th June 2021

TVS Automobile unveils digital subsidiary Ki Mobility

The digital platform would give automobile entrepreneurs an opportunity to increase business, gain access to high- quality parts with better margins.

published on : 29th June 2021

Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal

The carmaker, in a statement, said it has produced over 15,010 units of the Magnite till May, including 1,220 units for exports to Indonesia, South Africa and Nepal.

published on : 21st June 2021
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