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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

31 May 2020 12:09 PM

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

26 May 2020 2:25 PM

Fiat India Automobiles, Tata Motors JV plant resumes operations at Ranjangaon

The company implemented layers of protection, including cleaning, disinfecting and social distancing

19 May 2020 3:34 PM

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

13 May 2020 5:09 PM

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

13 May 2020 2:42 PM

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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

13 May 2020 1:24 PM

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

12 May 2020 10:42 AM

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

10 May 2020 4:35 PM

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

07 May 2020 3:48 PM

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

04 May 2020 3:57 PM

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Bajaj Auto announces zero sales in April

The company, however, shipped 32,009 two-wheeler units to overseas markets last month

04 May 2020 1:00 PM

Hero MotoCorp resumes operations at three plants as lockdown restrictions ease

The company is commencing operations in a graded manner at three of its manufacturing plants Gurugram, Dharuhera and Haridwar

04 May 2020 12:32 PM

Government seeks suggestions from auto industry leaders for resource mop-up

The industry captains also sought liquidity support to component makers and dealerships

01 May 2020 4:10 PM

Despite lockdown, 91 people bought Royal Enfield bikes in April

Due to complete halt in operations, Royal Enfield has reported sales of 91 units for the month of April

01 May 2020 4:03 PM

Maruti sold zero units in April

The company had zero sales in the domestic market in April 2020

01 May 2020 11:24 AM

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Daimler sees operating loss as auto sales drop due to coronavirus

In January-March, Daimler reported a 92 percent slump in net profit

29 Apr 2020 1:46 PM

US auto factories likely to remain closed for another two weeks

Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union

28 Apr 2020 9:27 AM

Triumph postpones price hike for BS6 to July amid pandemic

The company has also extended warranty timelines on its bikes which were due to expire between March 20– May 3, 2020, till June 30, 2020

21 Apr 2020 4:03 PM

India's automakers seek tax cut to boost demand

Passenger vehicle sales in India fell 18% in the year to end-March 2020

19 Apr 2020 9:16 AM

Auto dealers to strictly comply with coronavirus lockdown extension

Federation of Automobile Dealers Associations had written to PM Modi seeing financial support to save their businesses amid lockdown

14 Apr 2020 3:36 PM

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