Auto Industry News

Market research firm Frost & Sullivan has recently released a new analysis report covering the pre-owned vehicle market and its trends in India. The new report - 'Indian Pre-owned Car Market Study - which was commissioned by Volkswagen India, states that by Financial Year 2025 organised platform will account for 45 per cent of the total used car market in the country.

Italy's government expects carmaker Stellantis will build in Italy its third electric battery plant in Europe, Industry Minister Giancarlo Giorgetti said on Wednesday, the day after he met the company and unions.

Volkswagen India currently has around 140 sales touchpoints across India, and it now aims to expand the dealer network to 150 outlets by the end of 2021.

General Motors Co on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants and forecast stronger-than-expected second-quarter profits.

Future production at Melfi will be based on a single enhanced production line that will merge the two existing ones, the union said, adding the restructuring will leave production capacity at the site unchanged at around 400,000 units.

The company has suspended production at its South Korean factories as well as its production in the United States due to chip shortages.

With the latest revision, petrol and diesel prices have touched new all-time highs across the country. In Bengaluru, petrol is inching towards Rs. 100 per litre mark, currently retailing at Rs. 99.89 per litre.

The 2021 Land Rover Range Rover SUV has been launched in the Indian market with prices starting at Rs. 79.87 lakh (ex-showroom, India).