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Audi reports an operating profit of EUR 4.9 billion; anticipates a CapEx ratio of 4-5%10 hrs ago

Skoda Auto Group H1 2022 profit dips 31% to EUR 676 mn3 hrs ago

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There will be a significant demand for eVTOL for urban air mobility given the congestion in Indian cities.

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The company will stop producing Jazz after October 2022 while the crossover WR-V will not be produced beyond March 2023. The carmaker will also stop the production and sale of the 4th Generation Honda City by December 2022 in the country. However, the 5th generation of the sedan will continue to be available in the market, a source in the know of things told ETAuto.

After facing a tough stance on its India entry and hanging on the edge for over two years, Chinese SUV maker Great Wall Motors (GWM) has finally called it quits by firing 11 Indian employees from its organisation. The company had initially proposed an investment of USD 1 billion (INR7000 crore) and had plans to start manufacturing in 2021.

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