Auto Sector Urges US Congress to Help Fund Its Computer Chip Needs

Chip Shortage: Auto Sector Urges US Congress to Help Fund Semiconductor Production

The US auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages. Congress “should prioritise production of the semiconductors necessary to assemble vehicles here in the United States. … Read more

Delhi Govt to Provide Free Ration; Financial Aid to Auto, Taxi Drivers

News18 Logo

The Delhi government will provide free ration for two months to 72 lakh ration card holders and financial assistance of Rs 5,000 to auto-rickshaw and taxi drivers in the city to help them tide over the COVID-19 crisis, Chief Minister Arvind Kejriwal said on Tuesday. However, the decision to provide free ration does not mean … Read more

Bhopal Driver Turns Auto into Covid Ambulance

News18 Logo

Ambulances are hard to find these days in Madhya Pradesh’s Bhopal city that is grappling with the destructive second wave of the Covid-19 pandemic. But Javed Khan is around. The autorickshaw driver has turned his vehicle into a free ambulance service for Covid patients, that too with oxygen support. Khan who normally earns Rs 200-300 … Read more

Bajaj Auto Q4 net profit rises 15% to Rs 1,551 crore – Times of India

Bajaj Auto Q4 net profit rises 15% to Rs 1,551 crore - Times of India

NEW DELHI: Bajaj Auto on Thursday reported a 15 per cent rise in consolidated net profit to Rs 1,551 crore for the fourth quarter ended March 2021 on the back of robust sales across domestic and international markets. The Pune-based company had posted a net profit of Rs 1,354 crore in the January-March quarter of … Read more

“The Brakes Don’t Work”: Tesla Apologizes After Customer Protests At Auto Event

NDTV News

Shanghai, China: Tesla Inc apologised to Chinese consumers for not addressing a customer’s complaints in a timely way, and said it would launch a review of its service operations in the world’s biggest auto market. The unusual public apology from Tesla followed criticism in state media, and an incident at the Shanghai auto show that … Read more

Sensex rises 661 points as banking, auto, metal shares surge; Nifty ends above 14,500 – Times of India

Sensex rises 661 points as banking, auto, metal shares surge; Nifty ends above 14,500 - Times of India

NEW DELHI: Equity indices rebounded on Tuesday after a bruising coronavirus-led tumble in the previous session, as banking, auto and metal stocks surged. The benchmark BSE sensex jumped 661 points or 1.38 per cent to close at 48,544; while the broader NSE Nifty moved 194 points or 1.36 per cent higher to settle at 14,505. … Read more

E-commerce to accelerate auto sector growth: Report – Times of India

E-commerce to accelerate auto sector growth: Report - Times of India

NEW DELHI: Strong acceptance of e-commerce and digitisation is expected to accelerate the growth of auto sector, advisory firm Grant Thornton Bharat said. Accordingly, the automobile market is estimated to grow more than ‘2.3 times’ from $222 billion currently to $512 billion by 2026. Notably, the analysis by Allied Market Research, Market Line, Reserve Bank … Read more

SBI raises $1 billion loan from JBIC to help Covid-hit Japanese auto companies in India – Times of India

SBI raises $1 billion loan from JBIC to help Covid-hit Japanese auto companies in India - Times of India

MUMBAI: Country’s largest lender SBI on Wednesday said it has raised an additional $1 billion (around Rs 7,350 crore) loan from Japan Bank for International Cooperation (JBIC) to help Covid-hit Japanese auto manufacturers in India. In October 2020, SBI had signed an agreement to raise a loan of $1 billion and the latest borrowing takes … Read more

Amazfit T-Rex Pro With Auto Workout Recognition Feature Launched in India

Amazfit T-Rex Pro With 18-Day Battery Life, Auto Workout Recognition Feature Launched in India

Amazfit T-Rex Pro smartwatch has been launched in India. The T-Rex Pro has a rugged look, a circular dial, and four physical buttons for navigation. It is touted to offer military-grade toughness, come with 10ATM water resistance, and support blood oxygen saturation (SpO2) monitoring. It has over 100 sports modes and a new ExerSense workout … Read more

13 Killed in Collision Between Auto, Truck in MP’s Gwalior, CM Chouhan Announces Compensation

News18 Logo

Thirteen people were killed and four injured in a collision between an auto-rickshaw and a bus in Madhya Pradesh’s Gwalior on Tuesday morning. “In an overloaded auto-rickshaw, 13 people mainly women were going to cook food in a function when a speeding bus coming from Morena hit their vehicle,” city superintendent of police (CSP) Ravi … Read more

Translate »