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.
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
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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
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
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.
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
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