Auto Industry News
Shell Buys Indian Renewables Firm Sprng Energy For $1.55 Billion
Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company's low-carbon output as it shifts away from oil and gas.
Auto Sales April 2022: Tata Motors Records 66 Per Cent Growth In Passenger Vehicle Sales
May 1, 2022 07:15 PM
Tata Motors continues to record robust sales growth despite headwinds in supply chain due to the semiconductor shortage issue.
Auto Sales April 2022: Skoda Reports 8% Decline Over March 2022; But Saw Over 5-Fold Growth YoY
May 1, 2022 06:24 PM
Compared to 5,608 units sold in March 2022, Skoda's highest-ever monthly sales in India, the company saw a month-on-month decline of about 8 per cent. However, against the 961 units sold in April 2021, Skoda saw a year-on-year growth of 436 per cent.
Volkswagen Group China's Component Factory In Tianjin Resumes Some Shifts
May 1, 2022 05:30 AM
The component factory VW Automatic Transmission Tianjin had been closed since Monday last week, Volkswagen Group China said earlier.
European New Car Sales Down 1.5% In 2021: Report
May 1, 2022 05:28 AM
A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finished goods and unable to meet demand.
Vedanta To Create $10 Billion Fund To Bid For BPCL Stake, Other Assets
May 1, 2022 05:27 AM
Vedanta plans to create a $10 billion fund to bid for assets including the Indian government's stake in Bharat Petroleum Corp Ltd (BPCL).
Hyundai Motor Partners With Quantum Computer Firm IonQ For Battery Development
May 1, 2022 05:26 AM
The partnership will create a battery chemistry model to simulate the structure and energy of lithium oxide, to help improve the performance, costs, and safety of lithium batteries, IonQ said.
Mitsubishi Says Chip Shortage May Continue To Hit Mexican Output In H1: Report
May 1, 2022 05:23 AM
Held back by the chip shortages, auto output in Mexico fell by 2% in 2021 from the previous year, the fourth consecutive annual decline.
Toyota Needs To Build 1 Million Cars In March To Reach Annual Target
May 1, 2022 05:22 AM
Toyota has been trying to increase production in the final months of the business year to make up for output lost earlier because of a shortage of components from plants in Southeast Asia hit by COVID-19 lockdown restrictions.
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