Page 77 - Automobile Industry
Honda Cars India plays a competitive pricing game with the new City
Honda aims to fill the wide gap in entry-level sedans that include Ciaz and Hyundai Verna as well as upper-level versions such as the likes of Honda Civic, Skoda Octavia and Toyota Corolla Altis.
 "Honda Cars India plays a competitive pricing game with the new City")
Toyota staff Covid-positive, cases at Bidadi manufacturing unit up to 14
The company confirms the emergence of a new case of Covid-19 with the employee concerned having last attended the work on July, 3, TKM said in a statement on its website.
 "Toyota staff Covid-positive, cases at Bidadi manufacturing unit up to 14")
Personal car, 2-wheeler preferred mode of transportation post Covid: Survey
The research shows that the pre-owned vehicle will see a good traction as 96 per cent of the respondents want to purchase used car
 "Personal car, 2-wheeler preferred mode of transportation post Covid: Survey")
Sale of BS-IV vehicles during lockdown genuine or not? SC to find out
"We have to see whether these transactions during lockdown are genuine transactions or they have been back dated," the bench said.
 "Sale of BS-IV vehicles during lockdown genuine or not? SC to find out")
Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler
GM filed racketeering lawsuit against FCA last November, alleging its rival bribed United Auto Workers union officials over many years.
 "Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler")
Covid-19 impact: 50% pay cut at Bajaj Auto's Waluj plant in Aurangabad
The unit, which employs close to 8,000 including contract and permanent employees, accounts for half the company's total production in India.
 "Covid-19 impact: 50% pay cut at Bajaj Auto's Waluj plant in Aurangabad")
Connected cars to gain traction in Indian market, says Deloitte's survey
The survey revealed that two out of three Indians are willing to pay up to Rs 50,000 for connected technologies.
 "Connected cars to gain traction in Indian market, says Deloitte's survey")
Bajaj Auto unions demand factory halt after 250 workers test Covid positive
The affected Bajaj Auto factory is located in western Maharashtra, the state with the highest number of cases of Covid-19, the disease the virus causes
 "Bajaj Auto unions demand factory halt after 250 workers test Covid positive")
Motorcycle segment to outperform other auto verticals amid Covid-19: Fitch
'While we forecast that India's motorcycle sales will contract by 23.7 per cent year-on-year in 2020-21, we expect motorcycle production to contract by just 16 per cent year on year," it said
 "Motorcycle segment to outperform other auto verticals amid Covid-19: Fitch")
Tractor sales rise in June; commercial vehicles segment continues to skid
Mahindra & Mahindra Farm Equipment Sector's domestic sales in June saw a surge of 12% to 35,844 units, as against 31,879 units in June 2019.
 "Tractor sales rise in June; commercial vehicles segment continues to skid")
Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India
Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis
 "Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India")
Auto companies say disruptions in Chinese imports will hurt their recovery
Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).
 "Auto companies say disruptions in Chinese imports will hurt their recovery")
Auto exports slump 73% in May due to lockdown disruptions: EEPC India
In April-May period of the ongoing financial year, the exports dropped by 83 per cent to $281.1 million from $1,632.7 million in the year ago period, it said
 "Auto exports slump 73% in May due to lockdown disruptions: EEPC India")
Auto, pharma cos to continue with Chinese imports till alternatives emerge
In 2018-19, India imported auto components worth $17.6 billion, of which 27 per cent -- $4.75 billion -- were from China
 "Auto, pharma cos to continue with Chinese imports till alternatives emerge")
Govt to rescind vehicles' Bulk Data Sharing Policy to protect privacy
The government had come out with the 'Bulk Data Sharing Policy & Procedure' policy last year, saying it was to support the automobile industry
 "Govt to rescind vehicles' Bulk Data Sharing Policy to protect privacy")
Slowing Chinese imports may delay automakers' electric vehicle target
Support from Centre on alternative fuel technologies and batteries holds key
 "Slowing Chinese imports may delay automakers' electric vehicle target")
Moody's cuts rating on Tata Motors, changes outlook to negative
Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago
 "Moody's cuts rating on Tata Motors, changes outlook to negative")
After record loss, Tata Motors to scout for partner in car business
Company embarks on aggressive deleveraging exercise even as it has cut capex for India business this fiscal
 "After record loss, Tata Motors to scout for partner in car business")
MG Motor India to enter multi-purpose vehicle segment with Hector Plus
The company plans to hire about 200 associates for its Halol plant to ramp up overall production to pre-Covid-19 level
 "MG Motor India to enter multi-purpose vehicle segment with Hector Plus")
Tata Motors to acquire Jayem Automotives stake in JT Special Vehicles
JTSV will become a wholly owned subsidiary of Tata Motors, following the completion of the procedural requirements
 "Tata Motors to acquire Jayem Automotives stake in JT Special Vehicles")