"automakers"

New Delhi: With Covid-19 continuing to impact the global economy in its second year, the automotive semiconductor market will experience uneven shortages and tight supply amid labour shortfall, according to a new IDC report. The general theme for semiconductors in 2021 was shortages in mature process technology nodes. The IDC expects tight semiconductor supply to […]

New Delhi: Nearly all cars sold in the US, Europe and China now come equipped with 5G connectivity which allows automakers to preserve or enhance the value of vehicles post-sale in a manner that will alter the calculation of residual vehicle values, according to a study. Once all cars are equipped with 5G, the report […]

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.

The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis.

The country's largest carmaker Maruti Suzuki stated that the auto sales were correlated closely with economic growth and also (being a discretionary purchase) with the consumer sentiment.

While Kia Motors is looking to ramp up production, Toyota is all set to bring in new products and Hyundai aims to carry over its strategy of bringing in industry first innovations to the market.