Tag: semiconductor shortages

Automakers to incur ₹65,000 cr. capex to meet demand: Icra

Automakers to incur ₹65,000 cr. capex to meet demand: Icra

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Automakers are likely to plan an aggregate capital expenditure outlay of ₹65,000 crore over FY2023-FY2025 to ramp up capacity to meet demand and for new product development, according to Icra. The rating agency said wholesale volumes are projected to touch an all-time high of 3.7-3.8 million units in FY2023, a growth of 21-24% from FY22, backed by […]

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Global electric car shipments rise amid automotive supply chain issues, report says

Global electric car shipments rise amid automotive supply chain issues, report says

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Worldwide EV shipments expanded 79% to 1.95 million units in Q1 2022, compared with the previous year Worldwide EV shipments expanded 79% to 1.95 million units in Q1 2022, compared with the previous year The global electric vehicle (EV) shipments grew in the first quarter of 2022 amid automotive supply chain issues, according to market […]

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