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Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros in the second quarter. (AFP Photo)

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...

23 July 2020 3:26 PM IST

Bajaj Auto on Wednesday posted a 60.92 per cent decline in its consolidated net profit at Rs 395.51 crore for the first quarter ended June 30. (ANI Photo)

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

22 July 2020 2:23 PM IST

Ducati Panigale V2 bookings open in India. ( Photo- ducati.com)

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...

20 July 2020 2:18 PM IST

Maruti recalls 1,34,885 units of WagonR, Baleno to fix faulty fuel pumps. (PTI Photo)

Maruti Suzuki recalls 1,34,885 units of WagonR, Baleno to fix faulty...

The company will inspect 56,663 units of WagonR and 78,222 units of Baleno for a possible issue with the fuel pump

15 July 2020 12:48 PM IST

Indias auto sales volume will take another 3-4 years to reach 2018 levels. (PTI Photo)

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

15 July 2020 6:42 AM IST

Mylan gets DCGI nod for remdesivir in India, to launch at Rs 4,800 per vial. (AFP Photo)

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

7 July 2020 1:48 PM IST

The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died. (PTI Photo)

Bajaj Auto unions demand factory halt after 250 workers test COVID-19...

It said work there would not be stopped, however, as the company wanted to learn to live with the virus

5 July 2020 9:46 AM IST

Motorcycle segment in India would perform better than the rest of the auto industry, says Fitch. (AFP Photo)

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...

3 July 2020 3:01 PM IST

Tesla CEO Elon Musk. (AFP Photo)

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...

2 July 2020 12:40 PM IST

India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years. (PTI Photo)

India plans incentives for auto companies to boost exports

The move is part of India's effort to create champion' sectors to attract investment, generate jobs and boost...

30 Jun 2020 9:34 AM IST

Workers assemble cars at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central Chinas Hubei province. Asias factory pain worsens as Chinas recovery fails to lift demand. (AFP Photo)

Maharashtra govt freezes 3 Chinese projects worth Rs 5 crore

Hengli Engineering was to invest Rs 250 crore and PMI Rs 1,000 crore in the auto sector

23 Jun 2020 3:33 PM IST

Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after pandemic hits earnings. (AFP Photo)

Tata Motors to shed 1,100 jobs at Jaguar Land Rover

The automaker posted a consolidated fourth quarter net loss of Rs 98.94 billion, as coronavirus lockdowns across its...

16 Jun 2020 10:22 AM IST