Page 1824 - Economy & Policy News

BMW Group restarts Chennai plant with 50% workforce; WFH for office staff

Plant layout redone to ensure strict social distancing, individual protective gear for all employees, daily health check-ups

Maruti Suzuki board approves supply of SUV Vitara Brezza to Toyota

This will result in incremental sales for the company, Maruti Suzuki India said in a regulatory filing.

Small cars' demand may overtake SUVs as Covid-19 changes rules of mobility

But SUV makers remain unfazed by down-trading trend

Tata Motors offers easy financing option, special benefits for doctors

Under the package, features such as affordable EMIs with long-tenure loans and special offers for frontline warriors will be offered

Lockdown 3.0: Maruti to restart production at Manesar plant on May 12

Hyundai begins preparations; a few others restart operations

Covid-19: Maruti reopens 600 dealerships, introduces norms across outlets

The auto major said it has put in place a comprehensive standard operating procedure (SoP) across its sales outlets and reinforced digital infrastructure for vehicle purchase amid COVID-19 pandemic

Battling lockdown woes: Daimler India resumes operations near Chennai

The company was able to restart in less than 24 hours after receiving permission from the local authorities

How auto firms plan to woo customers, motivate sales staff post lockdown

As India eases some restrictions and many automobile dealerships restart operations after over a month of keeping their shutters down, what will be the primary target for brands?

Covid-19 may force auto cos into more automation on shop-floor: EY report

There will be several changes to existing working norms and guidelines that organisations will need to abide by in order to ensure safety at the workplace, says the report

Covid-19 impact on sectors: A two-quarter wait before growth picks up

The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors

Automotive sector needs to finalise digitisation roadmap post Covid-19: EY

The sector, which had a production loss of about 750,000 units, currently has unsold inventory worth Rs 20,000 crore

Automakers warn of up to 45% sales drop as economy slumps amid pandemic

SIAM, an industry trade body, says that if the economy contracts by 2% in the year starting April 1, sales of cars, trucks and motorbikes could decline.

US auto industry reopens amid concerns of second coronavirus wave

Ohio, another industrial state and key player in the US auto industry, reopened its manufacturing last week and said most retail shops could welcome customers back on Tuesday

Maruti starts to roll out cars from Manesar amid Covid-19 lockdown

The Maruti's Manesar plant has an inventory of over 20,000 ready vehicles. APL plans to load 650 cars on freight trains from Bawal in Haryana on Tuesday.

Covid-19 impact: Rolls-Royce to cut 9,000 jobs to save $1.5 bn annually

The job losses would mostly take place in its civil aerospace business

FM announces Rs 3 trn collateral free automatic loans for small businesses

Now a company can be MSME if the turnover is up to Rs 100 crore. Distinction between manufacturing and services MSMEs will be removed, she said

Fiat Chrysler in talks for $6.8 bn loan to tide over coronavirus crisis

If approved by the lender, the request will be reviewed by Italy's export credit agency SACE

Used car trade could rev up auto revival as consumer turns budget-conscious

Bookings, sales perk up for hatchbacks, cars between Rs 4 lakh and Rs 6 lakh

Investors look beyond drug makers as rush for Covid treatment hots up

A record 48 per cent of fund managers are overweight healthcare stocks, a Bank of America survey has shown

Additional Rs 40,000 cr allocated for MGNREGS to help migrants, says FM

Also, public expenditure on health will be increased, she said without giving details. Investments in grassroot health institutions to be ramped up