The Japanese car maker now expects to build 9 million vehicles in the year to March 31, rather than 9.3 million
The much-awaited affordable smartphone 'JioPhone Next' is in advanced trials and its festive season roll-out will commence before Diwali, according to a statement by Jio
Automakers from Toyota Motor Corp. to General Motors Co. have been ensnared by the chip shortage, forcing many to cut vehicle output
The company has developed another chip for video transcoding to improve the experience of watching recorded and live-streamed videos on its apps, according to the report
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"Several chip suppliers have been referring to structural problems with demand," Ola Källenius told reporters during a roundtable event ahead of the Munich IAA car show
In China, Tesla shipped around 33,000 electric cars locally and to overseas markets in July
Most other auto firms in India including Tata Motors, Hyundai Motors, Kia Motors, Nissan, Renault and Honda Cars have either already curbed production or will do so soon
The announcement by Mahindra comes barely a few days after a similar move by market leader Maruti Suzuki India, which expects production to be lower by 40% in the current month
Shares of Mahindra & Mahindra on Thursday slipped over 2 per cent after the company said its production will be cut by up to 25 per cent due to semiconductor shortage. The stock declined 2.29 per cent to close at Rs 752.50 on BSE. During the day, it dipped 2.60 per cent to Rs 750.10. It was the biggest drag among the BSE 30-share frontline companies list. At NSE, it went lower by 2.26 per cent to close at Rs 752.45. In a regulatory filing, the company said its automotive division continues to face a supply shortage of semiconductors, which further accentuated due to COVID-19 lockdowns in some parts of the world. "Consequently, the company will be observing 'No Production Days' of around 7 days in its automotive division plants in the month of September 2021," it added. The move is estimated to result in a "reduction in production volumes of the automotive division in September 2021, by 20-25 per cent", it said. In August, the company sold 15,973 units of passenger vehicles in th
Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month
Maruti Suzuki, Tata motors and M&M may see weakness at current levels, but the medium-term trend is highly bullish
Closure of Bosch plant in Malaysia hurt production in September
India's top car maker Maruti Suzuki expects production at its plants in the states of Haryana and Gujarat to be impacted in September due to a shortage of semiconductors, it said on Tuesday.
Once the festive season is in full cry, the wait may be extended to six to nine months, and even spill over to the next calendar year, say auto dealers
Tech giant IBM on Tuesday unveiled details of the upcoming new IBM Telum Processor, designed to bring deep learning inference to enterprise workloads to help address fraud in real-time
Globally, every country, including India, is looking at reducing its dependence on imports for chips and moving towards self-sufficiency
After being forced to close plants last year as the pandemic took hold, carmakers are now facing stiff competition from the sprawling consumer electronics industry for chip deliveries
Intel Corp on Thursday gave new details of its turnaround strategy to source subcomponents of its chips from external factories, including new specifics of partnerships with rival TSMC
With its unrelated new initiatives, the group will enter the turfs dominated by the likes of Intel, Samsung, Tesla, Huawei, Amazon and Walmart- all of which are more focused than it - writes T N Ninan