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Chip Shortage Easing For Indian Auto Industry, Production To Normalise By FY26

The global chip shortage, which has disrupted the automobile industry in India for a substantial part of fiscal 2021, 2022, and 2023, is finally showing signs of relief. Supply-chain challenges are being addressed, and improved predictive demand forecasts are enabling more stable production schedules. According to a press release by Crisil Ratings, the scarcity of […]

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Ola Electric Raises Rs 3,200 Cr In Funding To Expand EV Business

Ola Electric, the Bengaluru-based electric vehicle (EV) manufacturer, has successfully closed a major funding round, raising Rs 3,200 crore. The investors leading this infusion of capital include Temasek and the State Bank of India. This substantial investment is set to drive Ola Electric’s ambitious plans for the future. A significant portion of the funds is […]

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