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SEMI CONDUCTOR SHORTAGE
EU wants to break up with US techWary of being vulnerable to the whims of foreign governments, the European Union is preparing far-reaching new moves to ditch American digi...- Maruti Suzuki production to go down in DecemberThe fresh spate of lockdowns in China has affected availability of semi-conductors and is likely to disrupt production operations at the co...
- It's raining discounts as car makers get into high gear to push salesAs supply chain and semi-conductor shortages ease, car makers are offering higher discounts on some product lines, to get sales into high g...
- Record shipping costs add to auto industry’s supply chain woesThe likes of Ford Motor Co. and General Motors Co. already painted a gloomy outlook in recent months, driven primarily by semi-conductor sh...
- Gautam Adani says India needs to be self-reliant in semiconductor technologyDue to global shortage of semi-conductor chips, which are vital for running everything from cars to computers to aircrafts and military equ...
- Mercedes Benz India sales grow 26% in March quarterInterestingly, the global sales for Mercedes Benz fell 15% in the same period because of a lack of semi conductor supplies.The country's la...
- Mercedes Benz India registers 26% growth in Jan to March, sitting on record orderbookThe maker of three-pointed stars is now sitting on its highest-ever order book of 4,000 cars or Rs 3,000 crore, at the close of Q1 of calen...
- Volvo Cars cuts 2022 sales volume forecast due to chip shortage"Volvo Cars' expectation has been to grow its sales volumes for the full year 2022," the company said in a statement. "The disturbance mean...
- Passenger vehicle sales remain subdued in February due to supply constraintsIndustry numbers were dragged down by market leaders Maruti Suzuki and Hyundai Motor India, where volumes slid by 7.5% (to 133,948 units) a...
- Passenger vehicle sales remain strained due to global shortage of semi-conductorsAt Maruti Suzuki, wholesale volumes in the domestic market last month declined 19% to 109,726 units. The shortage of electronic components ...
- BMW calls for temporary import duty cuts on electric vehicles in India"I think what we have been asking the government is to give us a three years window, reduce duties, create demand, then we can localize. Or...
- Tata Motors losses widen as JLR falters; local sales increaseLosses widened at Tata Motors during the September quarter as the semiconductor crisis weighed on the business of British subsidiary Jaguar...
- Sales of passenger vehicles declines 41% in SeptemberThe decline would have been less at around 37% if we were to include the sales of Tata Motors, which has stopped reporting data on a monthl...
- Auto sales growth stagnates in Sept as chip shortage, low 2-wheeler demand play spoilsportVehicle registrations with regional transport offices (RTO) – a reasonably accurate proxy for retail sales – declined by over 5% during the...
- Chip shortage to drag down festive sales, dispatches to fall by over a fourth in OctoberSenior industry executives ET spoke to indicated wholesale volumes will decline for the second straight month by 25-28% to 2.4-2.5 lakh uni...
- Auto demand recovery weaker than expected: MOFSLAccordingly, while PVs (passenger vehicles) continue to witness healthy recovery, whereas two-wheelers and CVs (commercial vehicles) are su...
- Maruti Suzuki production likely to be at 40% of normal levels in September due to semi-conductor shortageIn a filing to the bourses the company said owing to a supply constraint of electronic components due to the semiconductor shortage situati...
- Auto parts industry may see 20-23 pc jump in revenue during current fiscal: ReportThe domestic auto component industry has seen a smart recovery during the first quarter of this fiscal, driven by strong exports and reviva...
- Nissan reports domestic sales of 4,259 units for July"Nissan has achieved its highest sales in the past three years, we have increased the production of Magnite with the plants third shift ope...
- Motherson Sumi Q4 net profit rises 289%The company’s board approved a final dividend of Rs 1.5 per share for the financial year ended March, 2021.
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