Sunday, January 16, 2022

Auto

Auto component suppliers to see 70% dip in operating profit

ICRA noted that despite the short-term headwinds, it expects the domestic auto component industry to register a 20-23 per cent revenue growth in the current fiscal year.

Automakers initiate production ramp-up with easing Covid restrictions

As per SIAM data, overall vehicle production in May declined by 57 per cent to 8,06,755 units as compared with 18,75,698 units in April this year.

Auto retail sales drop 55 pc in May as COVID puts break on vehicle registrations

Two-wheeler sales also witnessed a decline of 53 per cent at 4,10,757 units last month, as compared to 8,65,134 units in April.

Automotive sales dip in May amid second wave

The country's largest carmaker Maruti Suzuki India (MSI) reported a 71 per cent decline in total sales to 46,555 units in May.

Second Covid wave dents auto sector’s recovery momentum: ICRA

Two-wheeler segment is expected to be the most impacted, with the target consumer group's affordability and demand sentiment sharply hit by the second wave.

Delhi govt to provide free ration; financial aid to auto, taxi drivers

The national capital is under lockdown till May 10 to check the rising number of COVID-19 cases.

Four die after truck rams auto in Sangareddy

The deceased were identified as auto driver Sravan (43), passengers Sai Vishesh (11), Patnam Charan (7) and Patnam Venkatesh (39).

Uber launches an ‘On Demand’ cash-out feature for drivers

According to the company, it is committed to provide drivers with meaningful earning opportunities and has taken multiple initiatives to help them, including a first-of-its-kind comprehensive platform, Uber Care

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