Page 49 - Automobile Manufacturer

M&M plans to exit loss-making international subsidiaries in a year

The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.

Eicher Motors Q4 PBT down 45.5% on absorbing share of Rs 14 cr loss in JV

Total income declines 11 per cent to Rs 2,351.30 crore

Hero MotoCorp: Despite ops returning to normal, raising volumes a challenge

Company's prospects dented by lack of firm demand trend

Hero MotoCorp cuts capital expenditure for FY21 by 40% to conserve cash

Firm says retail uptick has been very encouraging; Hero hopes to clock 80% volume of what it was doing before the pandemic struck, in June

About 90% of retail network have resumed operations: Royal Enfield

Royal Enfield said its facilities, offices and stores across India had remained closed in compliance with government guidelines between March 22 and May 5, 2020

I am cautiously optimistic about demand revival in H2: TVS Motor CEO

While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially

TVS Motor reports decline of 47% in profit befiore tax for Q4FY20

The overall two-wheeler and three-wheeler sales including exports registered 633,000 units in the quarter as against 907,000 units registered in the quarter ended March 2019

Kia Motors to invest an additional $54 mn in Andhra Pradesh facility

The company had announced $2 billion investment, including a vendor base in the state at the time of signing an MoU with the AP government in April 2017

Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out

Undeterred by the coronavirus pandemic, Skoda launches three new models

Skoda has launched the models at a time when the pandemic and lockdown have sapped sentiments and India is staring at a recession

Tata Motors' JLR seeks Covid-19 support package from UK govt: Report

The UK's Treasury department plans to set up a bad bank or asset resolution fund to hold stakes in companies that it may end up part-owning

Royal Enfield starts production at Chennai, 120 dealers back in business

Two other plants to start in a phased manner; 100 more dealers likely to get back this month

Hyundai Motor sees 500 bookings in two days after resuming operations

Hyundai Motor has got the approval to start the factory in Sriperumbudur, with 7,500 people per day (in two shifts) and resumed operations

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

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

MyTVS launches sanitisation services for cars as Lockdown 4.0 nears end

Services is being offered at its outlets, but can also be extended to customers' doorstep

Exports help offset domestic woes as Bajaj Auto pre-tax profit falls 8%

The Rajiv Bajaj-led company remains optimistic of the road ahead even as the lock down due to the Covid-19 pandemic has crippled the economy

Unavailability of labour force will impact production, says Maruti Suzuki

Firm sees social distancing norms as a hindrance to productivity as well

Haryana allows select firms to deploy 100% workforce in multiple shifts

Auto component major Sona Comstar, which earlier could deploy only half of its workers, has been allowed to bring in its entire workforce at its four plants - three in Gurugram and one in Manesar.

Covid-19: Two-wheeler sales hit top gear, but companies tread with caution

Top officials at two-wheeler makers said they have seen an encouraging response with a steady increase in inquiries and sales