Read more about Expect domestic PV industry growth in double digits in FY22: Tata Motors on Business Standard. Tata Motors expects domestic passenger vehicles industry to grow in double digits in 2021-22 on the back of continued robust demand momentum
Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021 as a shortage of electronic chips added to uncertainties, after the COVID-19 pandemic dragged the French carmaker to an 8 billion euro loss last year. De Meo, who took over in July, is looking at ways to boost profitability and sales at Renault while pushing ahead with cost cuts, and there were early signs of improving momentum as margins inched up in the second half of 2020. The group gave no financial guidance for this year, although it said it might reach a 2 billion euro cost-cutting target ahead of time, possibly by December.
Read more about Maruti Suzuki weighing its options on launching Jimny in India on Business Standard. The carmarker is evaluating the feasibility of launching its off-roader Jimny in the domestic market
Automobile dealers body FADA on Wednesday said it is initiating an annual dealer satisfaction study to gauge the market sentiment and to identify gaps that impact OEM-dealer partnership across key business aspects. The Federation of Automobile Dealers Associations (FADA) has roped in Singapore-based consumer-insight led consulting and advisory firm PremonAsia for conducting the study. With a sizable sample, FADA dealer satisfaction study will provide adequate representation from every quarter and cut across all categories of vehicles, FADA President Vinkesh Gulati said in a statement. The study will also have a good demographic mix coupled with urban and rural balance, he added.
Read more about Ford dissolves its 7.6% stake in Velodyne Lidar: Regulatory filing on Business Standard. Velodyne Lidar is a maker of sensors used in self-driving cars