Auto Industry News
Auto Sales October 2021: Passenger Vehicle Sales Drops 27% YoY Due To Chip Shortage
The Society of Indian Automobile Manufacturers (SIAM) has released the monthly sales numbers for October 2021. Last month the total passenger vehicle sales in the domestic market stood at 2,26,353 units, a year-on-year decline of 27 per cent compared to the 3,10,694 vehicles sold in October 2020.
EV Charging Platform ElectricPe Raises $3 Million Funding In A Seed Round
Nov 12, 2021 01:30 AM
ElectricPe has announced raising $3 million or over Rs. 26 crore in a seed round, led by Blume Ventures and Micelio Fund. The company says the funds will be utilised to further develop its deep-tech platform to enable easy access to affordable charging points via the ElectricPe App.
Indian Celebrities Who Own And Love Their Ford Mustangs
Nov 12, 2021 01:06 AM
Take a look at the famous Indian celebrities, from Hrithik Roshan to Anirudh Ravichander, who have a Ford Mustang in their garage.
Impounded Supercars That Now Lie Abandoned Across India
Nov 12, 2021 12:49 AM
Meta Description Luxury automobiles are impounded every year by the Indian Police and Directorate of Revenue Intelligence (DRI) mainly due to non-payment of import duties.
One-Time Chip Supply Shocks Over, But Structural Deficit Remains, Bosch CEO Says
Nov 11, 2021 11:24 PM
CEO of German technology group Robert Bosch GmbH said on Wednesday that although the one-time supply shocks to the semiconductor market had passed, capacity was still lacking to meet global demand. "There were one-time problems which are now dealt with," Volkmar Denner said.
Most Fuel-Efficient Cars In India
Nov 11, 2021 11:11 PM
Indian consumers are highly conscious about mileage, in order to ensure that they get a higher bang for their buck. With soaring fuel prices in the country, that is quite natural.
Most Affordable Automatic Cars In India
Nov 30, 2021 11:06 PM
India offers several cheap automatic vehicles for buyers, spanning several well-known and reliable brands.
Porsche AG Benefits From Being Part Of Volkswagen Group, CEO Says
Nov 11, 2021 10:18 PM
Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could be on the cards.
China Vehicle Sales Fall 9.4% In October 2021: Report
Nov 11, 2021 09:54 PM
China's auto sales fell in October for a sixth consecutive month, slumping 9.4% from a year earlier, industry data showed on Wednesday, as a prolonged global shortage of semiconductors disrupts production.
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