Auto Industry News

Domestic sales grow 41 percent on the back of strong demand for medium and heavy commercial vehicles.

Honda Cars India has said that the dip in sales is primarily attributed to the semiconductor shortage in our country while customer sentiments continue to show improvement and positivity.

Maruti Suzuki beat estimates for quarterly profit margins as a string of price hikes and lower sales promotion expenses helped it offset the impact of higher raw material prices and global chip shortages.

Elon Musk sold $8.5 billion worth of shares in Tesla, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Twitter Inc.

Tata Motors plans to launch electric cars with a minimum range of 500 kilometres (310 miles) and advanced technology features, targeting buyers in India and beyond.

Elon Musk's $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial where an investor will argue the CEO's $56 billion pay package from Tesla Inc is a waste of money that failed to secure his full-time services.

Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets.

The production continues to witness the impact of semiconductor shortage that has disrupted the supply chain and in-turn takes a toll on sales.