Honorable Finance Minister Nirmala Sitharaman has presented the Union Budget 2022 and there weren't many key announcements nor much relief for the reeling auto sector. However, certain announcements are expected to have a direct or indirect impact on the auto industry. The govement continues to focu...
Jan 27, 2022
Maruti Suzuki, the country's largest carmaker, will commence work on its new manufacturing facility in Sonipat, Haryana. It could emerge as Maruti's largest production base in India. Maruti Suzuki president RC Bhargava told that construction work will begin soon on the unit, which will be commissio...
Jan 24, 2022
The automobile industry is witnessing a surge in sales globally after hitting a low during the pandemic. Slowly yet gradually, the industry is coming back on its feet. With this increase in sales, a certain trend has emerged as well. It has been determined that the sales of SUVs have been recorded ...
Jan 20, 2022
Used two-wheeler buying and selling platform CredR on Wednesday said it will invest $15 million (around Rs 110 crore) in 2022-23 to expand its business. CredR said in a statement that the Bengaluru-based firm plans to open 50 CredR showrooms in FY22-23 and more than 100 showrooms by 2024. Commentin...
Jan 19, 2022
Rivian had soared as much as 53% to top $100 billion in the biggest IPO of 2021, but shares of the company have fallen more than 27% since then. Ford Motor Co. said Tuesday that its fourth-quarter results will include an $8.2 billion gain on its investment in Rivian Automotive Inc after the market-...
Jan 17, 2022
Shares of Hero MotoCorp (HMCL) gained 5 percent at Rs 2,703.50 on BSE in Monday’s intraday trade after the world's largest manufacturer of motorcycles and scooters announced a new Rs 420 crore investment in Ather Energy. Ather, an existing associate of HMCL, is engaged in the business of desi...
Jan 17, 2022
Elon Musk continued to receive splashy offers from a couple of Indian state govements after he put out a tweet suggesting the challenges in getting a permit in India for Tesla electric vehicles. On Thursday (January 13) last week, Elon Musk tweeted that he is still working on many challenges with th...
Jan 13, 2022
Tesla CEO Elon Musk said on Thursday that the electric vehicle maker is facing "a lot of challenges" in launching its vehicle in India. "Continues to work on many challenges with the govement," Musk tweeted. Musk was replying to a Twitter user, who asked, "Yo @elonmusk, any furher updates on when ...
Jan 12, 2022
When you buy a car, convenience comes at a price. In addition to maintenance, you also pay for car insurance, which consists of two components: "third party" and "own damages" or what is also known as "comprehensive" insurance. While the first covers any damage or injury suffered by a third party in...