Thursday, 20 January, 2022
TopicAutomobile industry

Topic: automobile industry

Ford to stop manufacturing cars in India, 4,000 jobs to be impacted

Ragini Saxena -
Ford will import and sell some vehicles, including Mustang coupes, but the sale of models including the Figo, EcoSport & Endeavour will cease once existing inventory at dealers is sold.

Maruti Suzuki’s net profit falls as second Covid wave hits demand

Ragini Saxena -
Net income fell 9.3% to Rs 11.7 billion in the three months ended March 31, Maruti Suzuki said in a statement; revenue for the fourth quarter rose 32% year-on-year to Rs 240.2 billion.

Maruti Suzuki expects 2021 to be ‘much better’ as economy rebounds & people buy more cars

Ragini Saxena -
Maruti Suzuki India chairman says the automaker is expecting retail sales in December to be good as there are pending orders with its dealerships & plants are running at 'full capacity'.

Modi govt announces Rs 1.46 lakh crore scheme for 10 sectors, auto sector gets biggest share

Remya Nair -
The incentives, spread over 5 years, will be provided to sectors like auto, automobile components, textile products, white goods like LED screens, processed food products, among others.

Before Maruti 800, there was the quirky Sipani Dolphin, a hit in motorsport circuits

Pia Krishnankutty -
The Dolphin’s two-door design and fibreglass body were some features that made it a hit among racing enthusiasts.

Why the world’s car industry is pinning its hopes on a recovery in China

Bloomberg News -
Sales of passenger cars in China, which has been the world’s biggest car market since 2009, have increased for 2 months while Europe's market slumped 18% in August.

Slump in June car sales shows pain persists for Indian economy

Anurag Kotoky -
Data shows companies sold 105,617 cars and SUVs, compared with 209,522 last June. However, sales of motorcycles and scooters weren’t hit quite so hard, falling 38.6% in June.

Replace drivers with automated systems — how to make mobility safe during Covid crisis

Tim Dawkins -
We should consider deploying automated systems to deliver critical supplies to areas under lockdown, thereby limiting exposure to drivers and residents.

Zero sales: Indian carmakers have a month like never before

Divya Patil -
According to the Society of Indian Automobile Manufacturers, carmakers are losing Rs 2300 crore each day as factories remain shut amid lockdown.

Covid-19 lockdown blocks sale of more than Rs 6,000 crore-worth BS IV vehicles

Remya Nair -
The government had mandated that only BS-VI-compliant vehicles could be sold and registered in India from 1 April 2020.
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Opinion

How Facebook and Amazon rely on an invisible workforce

Parmy Olson -
The market for on-demand, digital tasks is estimated by the World Bank to be worth $25 billion, with Meta Platforms, Amazon, YouTube as some of the biggest buyers.
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Economy

Representational image of a jewellery store | ANI

India Jewellery Park to be set up in Mumbai, aims to attract Rs 20,000 crore investment

Pia Krishnankutty -
The Gem & Jewellery Export Promotion Council and Maharashtra Industrial Development Corporation have signed a draft agreement granting possession of a plot for setting up the park.

Defence

Foreign secretary Harsh Vardhan Shringla meets German Navy chief Vice Admiral Kay-Achim Schönbach on 20 January. | Twitter | @MEAIndia

New chapter in ties as Indian foreign secy meets Germany navy chief, warship ‘Bayern’ visits

Nayanima Basu -
With Germany identifying India as one of the key partners in its Indo-Pacific policy, a German frigate entered Indian waters for a port call in Mumbai, in a major signal to China.

National Interest

Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

Shekhar Gupta -
The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.

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