Autos
Tesla makes $104 million surprise profit despite factory shutdown
Musk also said he’s confident about rolling out full self-driving technology by the end of the year
Daimler Q2 loss widens on weak demand
CEO Ola Kallenius said it had worked to preserve cash reserves during a difficult time and was seeing “the first signs of a sales recovery”
Bajaj Auto reports 61% fall in June quarter profit
Its total revenue from operations fell to Rs 3,079.24 crore for the April-June period, down 60.29 per cent
Ducati India open bookings for 2020 Panigale V2 ahead of launch
Unlike the outgoing model, the Panigale V2 features a single-sided X and a moulded around refined monocoque frame, the company said
Maruti Suzuki recalls 1,34,885 units of WagonR, Baleno to fix faulty fuel pumps
The company will inspect 56,663 units of WagonR and 78,222 units of Baleno for a possible issue with the fuel pump
India's auto sales volume will take 3-4 years to recover: SIAM
“Production has been slow to pick up due to supply chain disruption and weak demand,” said Rajan Wadhera, president, SIAM
Mylan Pharma to launch remdesivir in India at Rs 4,800 per 100 mg vial
The drug will be launched under the brand name Desrem in India and will be available to patients later this month
Bajaj Auto unions demand factory halt after 250 workers test COVID-19 positive
It said work there would not be stopped, however, as the company wanted to learn to “live with the virus”
Motorcycle segment may outperform rest of auto industry: Fitch
Domestic motorcycle production would gain some support from shift in demand but more benefit would accrue from the export market
Elon Musk's Tesla becomes world's richest auto group
Tesla has seen ups and downs but its shares have risen steadily since late 2019 as it met key production targets for its Model 3 car