Global automakers are scrambling to find chips and checking with suppliers to see if they have enough stockpiled, as a deepening semiconductor supply crunch related to Dutch firm Nexperia threatens car production across the industry. Beijing banned exports of Nexperia’s products from China after the Dutch government seized control of the chipmaker last month, citing … Read more
Gothenburg (Sweden): European truckmaker Volvo Group has been seeking alternative sources of rare earths and Daimler Trucks has been building inventories to deal with supply issues linked to Chinese export curbs, saying lessons had been learned from the chip crisis. The automotive industry currently fears that the supply of rare earths, which are needed for … Read more
President Donald Trump getting out of the Tesla he purchased. He is accompanied by Tesla CEO Elon Musk. Image: Truth Social/@realDonaldTrump On March 10, Tesla shares dropped more than 15%, hitting their lowest point since late October. On March 11, Trump gave a speech on the White House driveway to declare his support for … Read more
“I think broadly speaking, the market does offer a lot from a consumption perspective. So, multiple sectors and it is a very exciting space and has been for some time,” says Jonathan Schiessl, Westminster Asset Management.Wanted your take regarding consumption as a basket? Now, overall demographics of India are quite strong right now and rural … Read more
Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says: “We could expect the month to end around the 375,000 mark for the industry, that should be about 11% growth over last year. March being the last month of the financial year, we are expecting industry sales to be about 42,35,000 or … Read more
The Wheels of India embraced the challenges faced in the past few years and now it is at the cusp of rapid growth over the next decade. There is absolutely no brake on consumer mobility behaviour when it comes to the adoption of new technology innovations and trends in the automobile industry. Connectivity, Autonomous Driving, … Read more
The government is reportedly very keen on a vehicle scrappage policy, making it mandatory for old vehicles to be scrapped or giving subsidies for voluntary scrappage. One aim is to increase the demand for new cars, boosting the auto industry — this was indeed the aim for scrappage incentives in the US and Europe after … Read more
Mumbai: The Indian auto industry’s recent fillip to sales propelled by the pent-up demand released after the lockdown was eased has seen a number of fresh job positions opening up in the segment. Hiring activity recovered in terms of demand for white collar and blue collar workers in July from the slump hit in March … Read more