Autos
Auto dealers seek higher sales margin, cost reduction measures amid Covid19 crisis
Dealerships on an average are spending 85% of their gross revenues on costs and majority of that is on manpower, interest and infrastructure
TVS Motor cuts staff salaries by up to 20% as sales plummet
There will be 5 per cent salary reduction at the junior executive level and about 15 to 20 per cent at the senior management level
Fiat India Automobiles, Tata Motors JV plant resumes operations at Ranjangaon
The company implemented layers of protection, including cleaning, disinfecting and social distancing
Top auto companies resume production after profit slumps on weak demand
Maruti Suzuki India reported a 27.77 percent decline in consolidated net profit to Rs 1,322.3 crore for the fourth quarter of 2019-20
Ashok Leyland resumes production across India
The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in its facilities
Auto component industry likely to witness double-digit degrowth in FY21
India exports around 12 percent of the total auto components to economies with reliance on crude oil such as Africa and Latin America
India's automakers warn of up to 45% sales drop as economy slumps amid pandemic
India’s auto industry is already reeling, with sales of cars, trucks and motorbikes falling 18% last fiscal year to 21.5 million vehicles
Hero MotoCorp resumes retail operations; claims 10,000 sales in a week
Around 10,000 units of motorcycles and scooters have already been sold since the reopening of these customer touch-point
Some auto companies resume production, others prepare to restart manufacturing
Home Ministry allowed factories in rural areas or those outside municipal limits to resume production under strict safety guidelines
Auto stocks slump nearly 12% as automakers score nil domestic sales in April
Maruti Suzuki India, Hyundai Motor India Ltd, Mahindra & Mahindra, Toyota Kirloskar Motor and MG Motor India reported nil sales