The global shortage of semiconductors or chips in the aftermath of the Covid-19 led pandemic has eased as per a report by Crisil. A development that led most automakers to cut down production significantly and postpone the launch of new models or to put them to production through 2020, 2021, 2022 and a good part of 2023 has finally eased to iron out any supply chain disruptions that may be there. 

Expected to address and improve predictive demand forecast, the better availability of chips should enable better production schedules. By FY2025-26, Crisil analysts are of the opinion that demand-supply dynamics should be more balance with additional manufacturing capacities getting commissioned. 

With the chips possessing distinct electrical properties that make them the cornerstone of all electronic equipment and devices, it is the auto industry that has come to use them for a variety of functions as automobiles turn increasingly software driven. While the computer and communication equipment (C&C) segment consumes roughly 63 percent of the chips produced, the auto industry consumes roughly 13 percent of them. The other industrial segments consume about 12 percent. 

With new developments such as autonomous and EVs, the use of semiconductors in automobiles is only slated to rise. With passenger vehicles the recipient of most technological innovations ahead of other segments such as two-wheelers, three-wheelers and commercial vehicles, it should not come as a surprise that they consume about 1,500 chips on average – the highest among all automobile types. 

As more advanced electronic features are incorporated, the use for chips increases. The electric passenger vehicles, for example, use almost twice as many chips as internal combustion engine (ICE) passenger vehicles do. The improving supply and slowing demand for computers and mobile phones is therefore looked upon as a blessing in disguise for automobiles and their manufacturers. 

Anuj Sethi, Senior Director, CRISIL Ratings, mentioned, “The chip shortage faced by Indian passenger vehicle makers is easing, with current availability at 85-90 percent of total requirement. The production loss on account of the chip shortage, which had halved to about 300,000 PVs on-year in fiscal 2023, is estimated to have further declined to under 200,000 PVs by the end of September 2023.”

Most passenger vehicle manufacturers are currently operating at near optimal capacity utilisation due to stronger-than-anticipated demand. New orders to be serviced remains high at about 700,000 units at the end of September 2023. 

The easing of chip shortage should help automakers honour new orders with better prediction and faster production. Global automobile demand, severely impacted by the Covid-19 pandemic, made a strong recovery in the latter part of FY2021-22. It caught automobile manufacturers off guard as they had not placed substantial orders for chips. 

The surge in demand for personal computers, laptops and mobile phones, driven by work from home, virtual learning and remote healthcare services, led to a significant chip procurement challenge for the automakers. 

Geographically, the chip ecosystem is skewed, with western nations dominating chip architecture, design, manufacturing equipment, specialised materials and chemicals. Semiconductor fabs1 on the other hand are concentrated in eastern nations, such as Taiwan and South Korea.

Given the criticality of chips in the defense and aerospace industries, the United States and the European Union have offered incentives of about USD 100 billion for localisation of semiconductor fabs. As a result, many global players are slated to spend about USD 360 billion towards setting up new facilities, which would be operational by 2025 and 2026. 

In the Indian context, demand for chips will continue to increase over the medium term, driven by the gradual rise in EV adoption and growing demand for advanced feature-laden ICE vehicles.

Comments (0)

ADD COMMENT

Link Copied!

Israel-headquartered UVeye, a global leader in AI-powered vehicle inspection, has announced a significant expansion of its automated inspection systems to include commercial fleets.

The company’s new heavy-duty platform is specifically engineered for Class 6–8 trucks and buses, addressing critical challenges faced by fleet operators in the US and UK.

The new system, which is compliant with CTP AT17 requirements, provides an automated 17-point inspection process. By utilising its proven AI-powered drive-through scanners – referred to as the ‘MRI for vehicles’ – the platform performs a complete 360-degree scan in seconds. This allows for the rapid detection of mechanical flaws, external damage and foreign objects.

Amir Hever, CEO and Co-Founder, UVeye, said, "Extending UVeye into the trucking and bus market is a pivotal milestone. We've already scanned millions of vehicles for OEMs and dealerships, and now we're bringing that same proven accuracy and transparency to fleets. It's all about helping operators maximise uptime, reduce costs and deliver a better customer experience."

Commercial fleets frequently struggle with low vehicle uptime and costly delivery delays. UVeye's new platform aims to tackle these issues head-on by providing a comprehensive, end-to-end solution that integrates seamlessly into existing workflows. The system generates a shareable digital report with annotated images, providing fleet managers, drivers and compliance officers with a new level of clarity.

The AI computer vision systems can detect a wide range of issues, including:

• Tyres: Worn treads, mismatched sets and compliance issues.
• Underbody: Leaks, cracks, rust and hidden structural damage.
• Exterior: Hard-to-spot flaws like scratches and dents.

At present, UVeye counts the likes of Amazon, Hertz and GM, among its customers. With this latest expansion, the same proven technology will now be available to commercial operators, enabling them to improve safety, streamline compliance and minimise costly downtime.

Comments (0)

ADD COMMENT

Link Copied!

Nawgati, an Indian fuel-tech platform, has partnered with Seed Group, a company from The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to modernise the fuel retail industry in the United Arab Emirates (UAE). The collaboration aims to deploy advanced digital tools to improve efficiency at petrol stations across the country.

The partnership will give Nawgati access to Seed Group's extensive regional network and market expertise, accelerating its entry into the UAE. By combining Nawgati’s technology with Seed Group's local influence, the partners expect to reduce congestion at busy fuel outlets, enhance operational efficiency and improve compliance monitoring.

Vaibhav Kaushik, Co-founder and CEO, Nawgati, said, “This partnership with Seed Group marks a significant milestone in Nawgati’s journey as we step out of India and into global markets. Having proven our capabilities with some of the largest energy companies back home, we are now ready to bring the same efficiency, transparency, and innovation to the UAE’s fuel retail ecosystem. The UAE is at the forefront of adopting future-ready mobility solutions. With Seed Group’s regional leadership and our technology, we are confident in transforming the fuelling experience, empowering operators with smarter tools, reducing congestion for consumers, and setting new benchmarks for operational excellence and sustainable mobility across the region and beyond.”

Hisham Al Gurg, CEO of Seed Group, said, “Nawgati brings a digital solution that modernises fuel retail operations, a sector vital to mobility and economic growth. With steady growth expected in the UAE’s fuel retail sector by 2030, the company’s expertise is a timely addition to our portfolio. We are confident this will empower regional businesses to streamline processes and deliver smarter customer experiences.”

Nawgati, which already works with major Indian companies like Indraprastha Gas and Mahanagar Gas, will now bring its solutions to the UAE, marking its first step into international markets. The partnership is expected to strengthen Nawgati’s position as a homegrown company with global relevance.

Comments (0)

ADD COMMENT

Link Copied!

JSW MG Motor India is expanding its flagship ‘JSW MG Nurture’ initiative, a program designed to equip technical educators with the skills needed for the country's fast-growing electric vehicle (EV) industry.

Now in its third year, the program aims to bridge the gap between academic theory and industry demands by training faculty members from engineering, diploma and ITI institutions.

The initiative, launched in 2023, has already trained more than 80 faculty members across over 50 institutions. The program provides hands-on workshops covering critical topics like EVs, autonomous driving, connected mobility and artificial intelligence. By focusing on educators, JSW MG Motor India aims to indirectly impact thousands of students nationwide.

Yeshwinder Patial, Senior Director of Human Resources, JSW MG Motor India, “JSW MG Nurture reflects our long-term commitment to skill development and industry-academia collaboration. By investing in faculty development, we are strengthening the roots of technical education and preparing students for the future of mobility.”

The JSW MG Nurture initiative also aligns with the government's NEP 2020 vision for industry-academia collaboration and the EV 2030 roadmap, which anticipates a need for over 10 million skilled professionals in the EV sector.

In partnership with education company Skill-Lync, the program has co-designed modules and delivered tailored training. Looking ahead, JSW MG Motor India plans to scale the initiative to hundreds of institutions, with new modules on advanced battery systems, robotics and AI-powered solutions.

Krishna Bandaru, Co-Founder, Skill-Lync, said, “It gives us great pride to partner with JSW MG Motor India on this inspiring initiative. By nurturing educators, the JSW MG Nurture program is shaping the future of students and classrooms alike. This thoughtful and progressive effort is already making a meaningful difference and stands as a shining example of how industry can drive social impact.”

File photo for representational purpose only.

Comments (0)

ADD COMMENT

Link Copied!

Chennai-based automotive major TVS Motor Company has partnered Noise, a leading Indian lifestyle brand, to introduce a first-of-its-kind innovation: an electric vehicle-smartwatch integration.

The new feature connects TVS's iQube electric scooter with a custom Noise smartwatch, offering riders real-time access to key vehicle information directly from their wrist.

The special edition smartwatch acts as a mobility companion, providing riders with instant updates on their electric scooter’s status, including battery level, tyre pressure and estimated range. The integration also includes important safety features like tow alerts and crash detection, giving riders a smarter and more connected experience.

This collaboration marks a significant step forward in India's mobility sector, transforming the smartwatch from a simple lifestyle accessory into a practical tool for daily commutes. The new smartwatch will be sold exclusively on the TVS iQube official website.

With over 650,000 units sold, the TVS iQube is already a leader in the Indian EV market. This partnership with Noise aims to enhance the customer experience by providing seamless access to vehicle data, empowering riders with the information they need for a safer and more convenient journey.

Key Features of the EV-Smartwatch Integration:

• Vehicle Status Monitoring: Riders can check if their scooter is locked, unlocked, on a ride, or charging directly from the watch.
• Battery and Range Info: The smartwatch displays the State of Charge (SoC), including visual cues for charging progress and the Distance to Empty (DTE) to help riders plan their trips.
• Tyre Pressure Monitoring (TPMS): The watch provides live pressure values for both tyres, with alerts for low pressure on select models.
• Charging Updates: Get real-time updates on charging progress, including the time it will take to reach a full charge and a ‘Charging Complete’ notification.
• Safety Alerts: The system includes Tow/Theft Alerts with haptic and visual prompts if motion is detected, as well as Crash/Fall Detection that sends an on-wrist alert followed by a notification to a linked mobile app.
• Geofence Notifications: Riders receive an alert if their vehicle crosses a predefined boundary.
• Low/Full Charge Alerts: The watch notifies you when it's time to connect or unplug the charger.
• Safety Visual Cues: Color-coded tiles (green for optimal, red for attention) provide quick, easy-to-understand updates to help minimise distractions while riding.

Aniruddha Haldar, Senior Vice-President — Head Commuter & EV Business and Head Corporate Brand & Media, TVS Motor Company, said, “We are committed to reimagining the future of mobility by seamlessly blending technology, sustainability and customer-centric innovation. Our partnership with Noise is a testament to this vision, transforming the smartwatch from a lifestyle device into a smart riding assistant. By integrating the TVS iQube with a connected smartwatch, we are empowering our riders with smarter, safer and more intuitive journeys while shaping the future of mobility in India.”

Amit Khatri, Co-Founder, Noise, said, “At Noise, our vision has always been to build technology that empowers people to live, move, and stay connected with ease. This partnership with TVS Motor Company is a powerful step in that direction, bringing meaningful innovation to the wrist by turning the smartwatch into a mobility companion. As consumers look for smarter, more integrated ways to move through their day, this first-of-its-kind experience reflects our commitment to pushing boundaries, delivering purposeful technology and shaping the future of connected living in India.”

Comments (0)

ADD COMMENT

Link Copied!