Germany is experiencing a surge in layoffs, with the auto sector being particularly affected. Volkswagen plans to cut 35,000 jobs, while Mercedes-Benz will reduce 40,000 positions.

Germany Auto Sector Hit Hard: Volkswagen 35,000, Mercedes-Benz 40,000 Jobs Cut

India is actively working to attract mobility sector investments, especially in electric vehicles, as part of its strategy to become a global hub for the industry.

India’s push for EV investment gains momentum

Budget 2022 is just around the corner and like other sectors, auto sector in India has its expectations as well. Around 50% of manufacturing contribution in India's GDP comes from auto sector so what are the expectations of this shining sector? Today we're joined by Santosh Iyer, VP of Mercedes-Benz.

50% of manufacturing contribution in India's GDP comes from auto sector

Semiconductor issue hitting Indian auto industry very hard, sales of major auto companies have declined.On this WION speaks to Ashish Gupta, Brand Director, VW Passenger Cars India Watch this report for more details.

WION speaks to Ashish Gupta, Brand Director, VW Passenger Cars India

Stellantis is betting big on electrification. The world’s fourth-largest automaker announced it will invest $35.5 billion over the next five years in a chase to lead the industry, or to at least keep up.

World Business Watch: Stellantis makes $35.5 billion bet on electric vehicle market

Automobile companies posted exponential growth in their year-on-year wholesale numbers in March mainly because of the low base effect due to COVID-related disruptions last year.

World Business Watch: Base-effect drives March auto sales to new highs in India

Ford Germany is shrinking its workforce. Ford wants to cut 1,400 jobs by the end of the year. Michigan-based firm expects a full-year loss.

US automaker Ford to cut 1,400 US jobs through buyouts

India’s auto sector will take 3-4 years to recover from this current situation. Cars and Suv's sales slumped in june due to the poor demand in market. Two wheeler sales goes down by 39 percent due to Coronavirus pandemic

Cars, Suv's sales slumped in june due to poor demands in market

India is drawing up an incentive plan for the autos sector aimed at doubling exports of vehicles and elements in the future 5 decades

India plans incentives for auto firms to boost exports

Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn.

Renault to lay-off 15,000 people globally | COVID-19 crisis

The coronavirus pandemic has slammed the brakes on the auto sector. Lockdowns had brought it to a screeching halt, both in terms of manufacturing and consumer demand.

Coronavirus pandemic smashes auto sector worldwide

While the automobile and allied sectors in India have been going through a rough patch over the last year, Italian supercar maker Lamborghini’s sales have been growing at nearly 16 per cent in India, said Sharad Agarwal, the India Head of Lamborghini.

Despite Auto sector slowdown, Lamborghini sales up by 16% in India; Over 50% sales from Southern states 

Is India Staring At A Prolonged Growth Slowdown?

Gravitas:  State of the Indian Economy

Minister of Finance and Corporate Affairs Nirmala Sitharaman on Tuesday addressed a press conference in Chennai to highlight the achievements of the Modi 2.0 government and talked about the abrogation of Article 370, 35A and rolling out of GST and Income tax reforms.

Finance Minister Nirmala Sitharaman blames Uber, Ola, metro trains and BS VI for auto slowdown

The going is getting tough for India's auto sector. For 9 consecutive months, sales have fallen. This has forced

Gravitas: Auto Sector Faces worst Crisis in 20 years

Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning - not a single customer was in sight.

Auto sector crisis: How a shadow banking crisis is hurting car and bike sales in India

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