Royal Enfield retail operations have now resumed through the unlock phases in a staggered manner. The company now has 921 dealerships and 638 studio stores are open and functional across India. Here are the financial results for Eicher Motors, Royal Enfield and VECV for Q1 FY21.
This will ensure that dealers utilise the excess resources for servicing cars from other brands and generate revenue. TVS, from their part, will provide skilled multi-brand technicians
ALL had reported a 56% decline in total commercial vehicle (CV) sales at 4,775 units in July 2020 against 10,926 in the same month last year. The domestic sales stood at 4,282 units against 10,100 units in the year-ago month, down by 58 percent.
Exclusive! Euler Motors’ electric 3-wheeler LCV launch postponed: Covid-19 impact, future plans detailedAug 12, 2020
Euler Motors has tie-ups with multiple brands like BigBasket, EcomExpress, Udaan, and BlueDart. Express Drives recently had an interaction with Saurav Kumar, CEO and Founder, Euler Motors in order to understand the impact of Covid-19 on the company’s business, future product strategies and more. Here is what all he had to say!
The total production of passenger vehicles, two-wheelers, three-wheelers and quadricycle in July 2020 was at 17,15,514 units, against 24,28,518 units in July 2019, with a de-growth of 29.36%. Sequentially, in June 2020, the PV sales were at 1, 05,617 units as compared to 2,09,522 units in June 2019 marking a decrease by 49.59%.
Ashok Leyland had introduced a modular truck platform AVTR for the medium and heavy range alongside the introduction of innovative i Gen BS6 emission technology. In addition, the company is ready with an in-house developed new LCV range but the launch had to be deferred due to the Covid-19 pandemic.
The viability gap funding available at present is not enough to cover the cost differences between electric buses and the internal combustion engine buses, Ramamurthy pointed out. He also said that for the next two to three years, government support will be crucial for buying or hiring of electric buses.
The launch of Zoomcar Mobility Services (ZMS) officially marks a significant extension of Zoomcar’s original Cadabra IoT platform launched in 2017.
Post the nationwide lockdown due to the Covid-19 pandemic, Maxxis Tyres resumed production operations in India on 4th May at their Sanand plant in Gujarat. The company started this year with a dual partnership with Yamaha. Here is what all Maxxis Tyres has in store for its customers in the near future and what has been the impact on the business amid the current unprecedented times.
Ashish Harsharaj Kale, President, FADA said that the current market conditions are still not indicative of the actual demand situation on an all India level and retails continue to de-grow in huge double-digit despite the low base of the last year.
New dedicated Tractors and Construction Equipment Vehicle emission norms announced: Get new nomenclatureAug 10, 2020
Tractors, farm equipment vehicles and construction equipment vehicles are to comply with new emission norms as announced by MoRTH. The ministry has opened the doors seeking suggestions from the public on the matter.
Prior to becoming the MD of JCB India, Deepak used to be the executive vice president for product support, marketing, sales and business development for South Asia and India.
Currently, there are seven subcompact SUV models (Kia Sonet, Honda WR-V, Hyundai Venue, Mahindra XUV300, Maruti Suzuki Vitara Brezza, Ford EcoSport and Tata Nexon), and two more will be launched soon
Globally, Uber has slashed around 6,700 jobs but has resumed fresh hiring for select job profiles. Talking about mobility in general, the workday commute is back and markets like Hong Kong, New Zealand and Sweden have seen bookings reach pre-Covid standards.
With the new electric vehicle policy, we aim to generate employment to give a boost to Delhi’s economy and reduce pollution levels in the national capital, Arvind Kejriwal said, adding that charging stations will also be set up.
In March 2021, helmets that are not certified by the Bureau of Indian Standards (BIS) will be banned in the country. However, the government is lifting the 1.2-kg or lower rule on helmet weight limit.
Thomas has got more than 25 years of experience in the automotive field and has been dealing with major German car brands like Daimler AG as well as Volkswagen in his career.
The recovery for the month of June was largely driven by a choice for personal vehicles over public transport in the current Covid-19 crisis along with high disposable incomes in the rural markets owing to a good harvest and the absence of adequate public transport options.
While the vehicle sales on a sequential basis have recovered strongly, registering high double-digit growth as factories resumed production and most dealerships having opened, year-on-year sales, though still not fully strong, have certainly recovered a lot of lost ground.
Tata Motors’ consolidated Ebitda during the quarter fell a sharp 78.2% y-o-y to Rs 831.5 crore. Fall in vehicle volumes impacted the revenues during the quarter and the company’s consolidated revenues nearly halved on a year-on-year basis to Rs 31,983.06 crore.
The Supreme Court of India has extended the ban on the registrations of Bharat Stage-6 vehicles. The next hearing date for the matter has been set for August 13, to decide on the fate of over 1.05 lakh vehicles.
During the last quarter, the overall two-wheeler sales by TVS Motor Company including exports stood at 2.55 lakh units in comparison to 8.84 lakh units reported in the quarter ended June 2019.
ARAI wishes to execute mutually beneficial projects for development of technologies, to produce customised fuels for best efficiency in terms of reduced fuel consumption and discharge emissions, under this alliance.
Revenues in the quarter plummeted 80% year-on-year to Rs 3,677 crore, missing estimates as volumes sold were only 76,599 vehicles compared with despatches of around 1.3-1.5 lakh units a month in normal times. The management said that the production in the quarter had been equivalent to just about two weeks’ of regular working.
TVS Motor Company believes that many products in its new BS6 line up have first-in-class and best-in-class features to attract young customers. It believes that TVS Apache, TVS Ntorq and the electric TVS iQube will all help it revive demand in the near future.
Continental supercomputer: Advanced driver assistance systems use artificial intelligence to make decisions, assist the driver and ultimately operate autonomously.
Maruti Suzuki has posted its first quarterly loss since 2003 recording a net revenue loss by 79.2%. In Q1 of the 2020-21 Financial Year, Maruti Suzuki sold 76,599 units in total registering a drop of -81% in overall sales.