Looking at customised solutions with focus on digitalisation: Satyakam Arya, MD & CEO, Daimler India Commercial Vehicles
In terms of products and technology, our new generation CVs offers ‘ProfitTechnology+’, a package of technologies and features ensuring industry-leading fuel efficiency, safety, comfort and reliability.
Auto loan delinquencies to rise due to Covid impact: Moody’s
The commercial vehicle sales in India declined 28.75% in the 12 months ended March 31, 2020, compared with the same period a year earlier.
Hyundai ramps up production to 1,000+ cars daily as demand for Creta, Venue and Verna rises
In May, Hyundai registered a cumulative sales of 12,583 units, including 5,700 units in the overseas market. The company's spokesperson said that Hyundai delivered 6,883 new vehicles to local customers in 22 days since we res
Two-wheeler, PV segments inquiries see revival amid lockdown: Analysts
As per a market analyst, discussions with leading channel partners and experts had revealed that there would be a recovery in the rural and Tier-II/Tier-III regions. Also, both 2W and PV segments witnessed higher inquires for
MRF workers go on strike as Covid-19 positive case detects at Chennai plant
When contacted, a senior member of the MRF Employees Union said that the workers stopped work from the second shift of Thursday (3 PM to 11 PM) as one of the union member tested positive for Covid-19 aka Coronavirus. Accordin
Covid-19 effect: Online sales become the new trend for auto companies
Documents for vehicle insurance and registration are being collected via mail or specially installed drop boxes and vehicle deliveries are being done only after all formalities are completed. an auto major said.
Covid-19: Tirupur expects $500 million additional revenue from mask exports
Tirupur garment\knitwear cluster is upbeat on the directorate general of foreign trade’s (DGFT’s) Saturday decision to allow export of non-medical, non-surgical masks.
Tirupur garment cluster adopts steady approach, sees no labour shortage
The units situated within the corporate limits have been allowed to have 25-30% workforce capacity initially and the units situated outside the corporation will have 50% workforce capacity.
Lockdown relaxation: Tirupur garment cluster to resume ops; units start getting queries from abroad
The Tamil Nadu government has announced relaxations allowing industries, particularly export units, to resume operations with standard operating procedure as suggested by the Union government.
Three-wheeler sales drop by 11% in FY20 sales: TVS only manufacturer to report positive growth
All OEMs, except TVS report overall degrowth.
Economic support package, handholding of MSMEs need of the hour: Vipin Sondhi, MD & CEO Ashok Leyland
To ensure that their health and safety are cared for, insurance for the drivers could be provided, and the working conditions for the truck drivers could be mandated through cabin regulation.
COVID-19-hit Tirupur garments cluster sees opportunity in PPEs, masks
One of the main challenge is to procure the fabrics, as currently the movement of transportation is restricted. Departments like DRDO, Ordinance Factory should ensure them getting fabrics as desired, he said.
FY2019-20 two-wheeler sales : Domestic sales dip by 18 percent, exports grew 7.3 percent
According to SIAM data, all the three segments of two-wheeler industry – scooters, motorcycles, mopeds – degrew 17%, 18% and 28%, respectively, on the domestic sales front.
Covid-19 aftermath: A third of orders cancelled, grave crisis grips export hubs
Even before the pandemic spread its tentacles in India, the country’s goods exports had contracted by 1.5% y-o-y up to February this fiscal to $293 billion.
Lockdown Blues! COVID-19 adds woes to auto industry: Two-wheeler segment takes maximum hit
Our channel check suggested higher BS-IV stock of around 5 lakh units of two-wheelers, with HMCL being the highest (10-11 days) followed by Bajaj Auto (six-seven days), HMSI (five-six days) and TVS (four-five days).
2020 BMW X1 launched in India at Rs 35.9 lakh: Company to focus on entry-level luxury cars
Locally produced at BMW Group Plant Chennai, the car is available in BS VI diesel and petrol variants at all BMW dealerships across India.
Interview | With sector getting organised, used car demand expected to keep growing, says Gajendra Jangid, co-founder and CMO, Cars24
With the cost of BS VI models expected to go up anywhere between 5% and 10%, we strongly believe that customers prefer to get better deal in used cars.
‘India can become one of the top 10 markets for Lamborghini’
With product launches, its Indian arm seeks to maintain its lead over peers as well as grow in India.
Coronavirus outbreak likely to hit yarn, garment exporters
Chinese buyers generally begin their annual sourcing from Indian exporters in January every year.
Hyundai India rolls out 3 millionth export car, targets 2 lakh car exports in 2020
The fastest Made in India 3 millionth export roll out is a significant milestone as it showcases the global success story for brand Hyundai, HMIL said. The company began exporting cars in 1999.
Dr Agarwal’s raises Rs 215 crore from CDC for expansion
This fourth round of fund raising follows Rs. 270 crore funds raised each from ADV Partners in 2016 and Singapore-based Temasek earlier this year.
Apollo Tyres to cut FY20 and FY21 capex by Rs 600 crore on poor demand from OEMs
Similarly, for our European operations, there was no growth capex being incurred, only maintenance capex would be incurred, he said, adding the company expects to invest €40 million in the European operations this year and
‘ALL to undergo margin pressure in near term; will see demand pick-up in H2FY21’
Though the company expects to benefit through pre-buying ahead of BS-VI transition in fourth quarter to some extent even as the CV industry is half way to ongoing cyclical downturn and is involved in heavy discounts to push i
Elgi Equipments to focus more on global markets, eyes No 2 slot
Air compressor manufacturer Elgi Equipments has decided to cut its dependence on the Indian market and focus more on five global markets including the US, Europe, Thailand, Australia and Indonesia.
A 10% GST cut would have helped customers save 8% on cost
The 10% GST cut would have reduced the on-road prices of vehicles by 7-8%. The reduction would have definitely helped in improving the market.
Automobile makers cut inventory as sales recovery seems elusive: Analysts
An analyst with Motilal Oswal Securities said, “It seems the recovery is elusive and the inventory correction continues to be undertaken by the OEMs. Our interaction with leading PV/2W/CV channel partners still indicates no
Relief measures, festive season to revive demand growth: Rudratej Singh, president and CEO, BMW Group India
BMW will also go for dealers expansion with 13 more in the next 12 to 15 months. In an interview with R Ravichandran of FE, Rundratej Singh, president & CEO, BMW Group India, while terming the current slowdown is short-term i
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