Page 251 - Auto

A month after lockdown, auto dealers making first moves to get back to biz

Dealers located in green zones as specified by the government are applying for permission under the Shops and Establishments Act to reopen their showrooms.

Javadekar takes suggestions from auto industry leaders to reboot sector

He said that the industry has a significant contribution to the GDP of the country

Covid-19 fear: Carmakers change track to online sales, contactless delivery

Amid shuttered dealerships and deserted roads, leading car brands including Mercedes Benz, Honda Cars, Volkswagen, and BMW have embarked on campaigns and dedicated online portals

Cruise along safely in the Kia Carnival, a suitable car for these times

One-touch door opening and space that allows for adequate physical distance make the Kia Carnival a suitable car even for these times, writes Pavan Lall

Ashok Leyland acquires 3.36% share in Hinduja Leyland Finance

The acquisition is part of the 6.99 per cent acquisition approved by the Board at the meeting held on March 21, 2020.

Ashok Leyland to resume operations at Alwar, Bhandara, Pantnagar plants

Company will restart production in line with demand after preparing supply chain.

Covid-19 lockdown: Labour, stockpile make carmakers delay production

Supply chain glitches and unavailability of labour also a deterrent

Amid Covid-19 crisis, auto firms rush online for nod to open factories

Big manufacturers say they would take more time to be ready to comply with the guidelines and get permissions before starting production

Ford issues $8 bn debt securities after coronavirus causes $2 bn loss

The Dearborn, Michigan-based company, which lost its investment-grade status in March, raised new funds with a three-part debt offering, according to a regulatory filing.

Post coronavirus lockdown, likely surge in demand may be led by SCVs & LCVs

The development comes amid the current crisis, which has been described as the worst in a century

Used-CV sales surge on rural demand uptick, health ministry guidelines

Small Commercial Vehicles and Light Commercial Vehicles are buoyant, Medium and Heavt segment yet to see traction

Covid-19 impact: BMW India sales fall 17% to 2,482 units in January-March

BMW Motorrad motorcycle sales, however, rose 71.52 per cent to 1,024 units during the first quarter of the year as compared with 597 units in January-March period last year.

Dealers knock at the Prime Minister's door as automobile sector hits snag

For the last 15 months, the automobile industry has been gripped by an unexpected and severe slowdown

Coronavirus outbreak: Passenger vehicle sales plunge 51% in March

Two-wheeler sales saw a decline of nearly 40%, says Siam

Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker

The nationwide lockdown imposed till April 14 has brought production to a standstill, and will hurt even more if it is extended.

Coronavirus impact: Auto manufacturers face second-hand challenge

The second-hand vehicle segment is expected to capture a larger share of the two wheeler and passenger car markets

Why Maruti Suzuki is not charged up about India's electric car race

Carmakers are rushing to make EVs, but not Maruti; it believes these won't make sense till battery technology, charging infra and financing improve in India

Maruti Suzuki lowers production by 32% in March as slowdown bites

The company produced a total of 92,540 units in March as against 136,201 units in the year-ago month, the auto major said

Covid-19 impact: French auto maker Groupe PSA defers launch of C5 Aircross

However, it is maintain the timeline for the C-Cubed programme, under which the first vehicle designed, developed and made in India would be launched in 2021

Coronavirus supply chain shock for auto component sector, says ICRA

The COVID-19 supply chain disruptions will manifest into a demand shock lasting multiple quarters for the domestic industry, ICRA said in a statement.