Nifty auto index, which tumbled nearly 11 per cent in 2019, crashed over 31% in March
Pent-up demand, rural focus of these segments aid sales recovery
Support from Centre on alternative fuel technologies and batteries holds key
TVS Motor Co is continuing with its cost reduction efforts of previous quarters, the company's management told analysts last month
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions
Here are the top ten business headlines on Thursday
Dealers located in green zones as specified by the government are applying for permission under the Shops and Establishments Act to reopen their showrooms.
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
Haryana government on Sunday announced lockdown in seven districts, including Gurgaon, of the state until March 31
Maruti and M&M had already announced suspension of manufacturing operations
Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure
BMW will live stream the debut of its i4 battery-car concept on Tuesday
While China represents only a part of supplies and other sources exist, there could be delays in activation of alternative supply chains and increase in costs for Indian OEMs
The auto maker is also gearing up to bring a mass segment EV in India within the next two years
With no succour provided in the Budget, the pain for companies is likely to continue for the next two quarters
Led by Xiaomi and BBK Group, the Chinese brands have invested heavily in manufacturing devices and accessories in India.
As part of its expansion plan, the auto-maker plans to take Ather Space, its flagship experience centre format, across key cities like Coimbatore
As city SUVs gained in popularity, premium sedans saw their sales wane and some products even got yanked from the market altogether
The comments come as Hoyer's native Germany, Europe's largest economy, is experiencing a steep manufacturing slump driven by trade tensions, weak global growth and Brexit uncertainty.
While car sales in India are stuttering, the market is expected to become the world's third biggest by 2026, behind China and the US