Automakers hunt high and low for chips as supply crisis worsens

Automakers hunt high and low for chips as supply crisis worsens

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

Covid-19 to push automakers into a record loss of Rs 10,000 crore in first quarter

Covid-19 to push automakers into a record loss of Rs 10,000 crore in first quarter

Covid cost car makers Rs 10,000 cr in Q1As much as Rs 7,000 crore of this is expected to be the consolidated loss of Tata Motors, according to brokerage estimates compiled by ETIG. Maruti Suzuki is projected to post its first loss as a listed company, while Eicher Motors, TVS Motor and Ashok Leyland too … Read more