Automakers are caught in a chicken-and-egg situation: Prices have to come down if volumes are to increase, and volumes won't increase unless prices come down, notes Pavan Lall.
Passenger vehicle dispatches from factories to dealers declined 13 per cent to the lowest level in five years in December last year as the industry continued to face production issues due to semiconductor shortage, auto industry body SIAM said on Friday. Passenger vehicle dispatches last month stood at 2,19,421 units compared to 2,52,998 units in December 2020. While acknowledging that the chip shortage situation is not expected to dramatically change in the short term, the industry body expressed hope that things will improve soon.
The entry level car, brainchild of Ratan Tata who envisaged giving a safer and affordable alternative to families riding on two-wheelers, received lacklustre response from the Indian consumer. Tata Motors to bid adieu to Nano from April 2020.
Passenger Vehicle makers are likely to see their cumulative earnings at an operating level erode by Rs 1,800-2,000 crore in the year ending March 2022 on account of the shortage of semiconductors, rating agency Icra said at a webinar on Wednesday. The industry, it pointed out, is estimated to lose production of 500,000 units at the end of FY22 due to the chronovc shortage the chip, which is critical in safety, entertainment and the various other smart features of a car. "In absence of the chip crisis, the industry volumes are likely to have exceeded the all-time peak annual volumes." Icra has pared its growth estimates for the PV market from the earlier 10-14 per cent to 8-11 per cent now in FY22.
Parts of the city saw a humongous 23 cm of rainfall over a 24-hour period, which left the city inundated on the Deepavali weekend and many stranded. In 2015, the city was lashed by 25 cm of rainfall in 24 hours.
Some Formula One drivers never experience the pride and passion of racing in a home grand prix, their countries unlikely ever to appear on the calendar, but Mexican Sergio Perez will not be one of them after this weekend.
Unlike previous occasions, privately owned CNG vehicles will this time not be exempted.
Lewis Hamilton's world championship defence got off to a flying start on Sunday with a crushing victory for Mercedes in the season-opening Australian Grand Prix as Formula One rivals succumbed to a farcical rash of reliability problems.
'Approach people with respect, mindful that they know their job better than you do, and that you're not superior to them just because you may be better educated or their boss.' Skoda Auto VW India MD Gurpratap S Boparai cites his management credo to Pavan Lall.
Choose from a range of accessories to make his life easy, enjoyable and stress-free.
The next edition of the country's leading automobile show, the Auto Expo, will be held from January 13-18 next year, having been cancelled this year due to the COVID-19 pandemic. The last edition of the biennial automobile show took place in February 2020 amid fears of the spread of the coronavirus across the world. It was supposed to take place in February this year at Greater Noida but was postponed due to the worsening COVID-19 situation.
When a manufacturer launches the fifth generation of a product, it is given that earlier avatars hit the mark. Ditto for the new Honda City, the latest version of which also brings in sweeping changes to the carmaker's product strategy for the Indian market, says Pavan Lall.
Max Verstappen was compared to Formula One greats Ayrton Senna and Michael Schumacher on Sunday after the Dutch teenager's sensational drive to third place in a wet and chaotic Brazilian Grand Prix. Even father and former racer Jos, the 19-year-old Red Bull driver's biggest fan and fiercest critic, was astonished. "What Max showed here today was really special," he said of a race likely to go down in the sport's annals as one for the ages. In the last 15 laps, after a change to extreme wet tyres, Verstappen passed more than half the starting grid as he went from 16th place to the podium.
As per the new COVID-19 restrictions, prohibition has been placed on New Year's celebrations, parties in any closed or open space including restaurants, hotels, bars, pubs, resorts and clubs from December 30 to January 7.
Passenger vehicle wholesales in India rose significantly year-on-year in July, as COVID-led restrictions eased across states and companies pushed stocks to dealers to build up inventories for the upcoming festive season, SIAM said on Thursday. The total passenger vehicle sales -- including dispatches of cars, utility vehicles and vans -- from OEMs to dealerships increased by 45 per cent to 264,442 units in July against 182,779 units in the same month last year. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches from the OEMs to dealerships, however, declined by 2 per cent to 12,53,937 units in July, compared to 12,81,354 units in the year-ago period.
Max Verstappen won Red Bull's home Austrian Grand Prix on Sunday while Lewis Hamilton suffered his first race retirement since 2016 and lost the Formula One championship lead to Ferrari's Sebastian Vettel.
Night curfew will continue but from 11 pm instead of 10 pm.
If you are among those people who prefer to jump into bed first and save the difficult conversations for later, then these times might not fancy you, cautions Ravi Mittal, founder, CEO, Quack Quack, an online dating app.
Main markets and other business establishments across the Valley remained shut and public transport was off the roads.
The government on Friday tweaked IT rules to pave the way for setting up of grievance appellate panels, which will settle issues that users may have against the way social media platforms initially addressed their complaints regarding content and other matters.
Nico Rosberg cruised to victory in the first Formula One race held in Azerbaijan on Sunday and increased his championship lead over Mercedes team mate Lewis Hamilton to 24 points. While the German enjoyed an uneventful drive in the late afternoon sunshine, triple world champion Hamilton worked up a head of steam as he wrestled with his car's settings without the team being able to help.
The move by the two Silicon Valley companies came the day when Twitter permanently suspended Trump's account due to "risk of further incitement of violence".
Lewis Hamilton won his home British Grand Prix for the fourth year in a row on Sunday while Ferrari's Sebastian Vettel suffered a penultimate lap puncture that slashed his championship lead to a single point.
