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7 mins read
Wedding bells drive two-wheeler sales in May, passenger vehicles cruise on SUVs
The much-awaited recovery in two-wheeler sales is finally showing signs of emergence, with the wedd…
5 mins read
Festive baton shifts to Great Indian Wedding Season, November registers best-ever auto sales, except March 2020: FADA
Auto retailing for November 2022 went up by 26% year-on-year, with all the categories be it …
2 mins read
Hyundai Motor and subsidiary Kia Motors report strong profit growth on increased sales of high — end SUVs
"Faced with worsening chip shortages in May and June, Hyundai was quick to change vehicles i…
2 mins read
Tesla reveals record quarterly sales despite supply chain struggles
Tesla delivered 184,800 cars to customers between January and March, despite a brief factory shutdo…
Tim Levin,Graham Rapier
2 mins read
Samsung to make $11 billion profit on robust semiconductor business
Samsung Electronics is expected to report more than 15 percent rise in operating profit for the sec…
1 min read
Qualcomm falls on disappointing sales even as adjusted earnings beat expectations
Shares of Qualcomm slipped Thursday after the company announced sales that were slightly lower than…
Isabelle Lee
5 mins read
Retail auto sales grow 11% in September, but still below pre-Covid levels, says FADA
However, when compared to the pre-pandemic month of September 2019, sales were down 4%, FADA sai…
4 mins read
Festive demand, strong SUV offtake propel domestic passenger vehicle sales to record high in August
Domestic passenger vehicle sales hit a record in August led by highest-ever monthly dispatches from…
PTI
3 mins read
US would destroy Taiwan's semiconductor factories rather than letting them fall into China's hands, a former national security advisor says
Robert O'Brien told Semafor that China would be "like the new OPEC of silicon chips" if it invaded …
Britney Nguyen
2 mins read
Maruti Suzuki sales rise 12% in January
The country's largest carmaker Maruti Suzuki India on Wednesday reported a 12 per cent increase in …
PTI
2 mins read
The world's biggest automaker said it will make fewer cars than expected this year due to the global semiconductor shortage
Toyota said Friday that it is suspending production lines at some of its plants this November amid …
Stephen Jones
1 min read
Stock in a Japanese company that makes MSG is up 29% this year to a record high as it expands its push into the semiconductor industry
Food seasoning maker Ajinomoto will accelerate its expansion in producing high-tech chipmaking film…
Carla Mozée
4 mins read
The curious case of Russia's Palladium, Ukraine's Neon and Indian auto industry's pain
The industry body, Federation of Automobile Dealers Associations (FADA), has warned that t…
1 min read
Micron climbs 6% after boosting sales guidance by more than expected
The announcement from Micron helped boost other chipmakers' shares on Wednesday, with the PHLX Semi…
Matthew Fox
6 mins read
Tractors and better cars drive M&M’s Q1 net profit but the future is electric
Mahindra & Mahindra, India’s leading tractor and automobile company, on Friday reported more than a…
1 min read
Tens of thousands of Teslas could be incapable of fully-autonomous driving because they lack a standard microchip, report says
Amid the global semiconductor shortage, Tesla decided not to tell customers a standard chip wasn't …
Kate Duffy
6 mins read
India needs chipset manufacturers — lots of them. Here is why.
A few months back, when the companies worldwide started recovering from the pandemic-hit lows, they…
1 min read
Nio rises as Citi upgrades the car maker and says the stock could soar 50% on demand for electric vehicles in China
Citi raised its price target for shares of the EV maker to $58.30 from $57.60, representing a 50% j…
Isabelle Lee
1 min read
Warren Buffett says the unusually quick sale of Berkshire Hathaway's TSMC stake was driven by geopolitical tensions
Tensions between China and Taiwan have been building as US political figures visit the island and m…
Matthew Fox
2 mins read
Another reason things seem more expensive? Companies are pushing more upscale products while more affordable ones get held up by the supply-chain crisis.
Not only do premium goods tend to command higher profit margins, the customers tend to be a bit les…