Page 35 - Automobile Industry

Undeterred by the coronavirus pandemic, Skoda launches three new models

Skoda has launched the models at a time when the pandemic and lockdown have sapped sentiments and India is staring at a recession

Suzuki Motor beats estimate with $2-billion profit, steps up dividend

Suzuki, the country's No. 4 automaker, declined to give an earnings forecast for the current business year, citing uncertainties about the longer term impact of the coronavirus on its operations.

Employee at Maruti Suzuki's Manesar plant tests positive for Covid-19

The company is also looking at "a possibility of a second case" of infection at the facility but has ruled out any impact on the business part due to the situation.

Maruti Suzuki board approves supply of SUV Vitara Brezza to Toyota

This will result in incremental sales for the company, Maruti Suzuki India said in a regulatory filing.

Small cars' demand may overtake SUVs as Covid-19 changes rules of mobility

But SUV makers remain unfazed by down-trading trend

Lockdown 3.0: Maruti to restart production at Manesar plant on May 12

Hyundai begins preparations; a few others restart operations

Maruti starts to roll out cars from Manesar amid Covid-19 lockdown

The Maruti's Manesar plant has an inventory of over 20,000 ready vehicles. APL plans to load 650 cars on freight trains from Bawal in Haryana on Tuesday.

Covid-19 impact: Rolls-Royce to cut 9,000 jobs to save $1.5 bn annually

The job losses would mostly take place in its civil aerospace business

Creating start-up culture to look beyond trucks: Daimler India MD&CEO

Satyakam Arya said that the commercial vehicle segment took the worst hit during the automobile slowdown in India

Life after lockdown: Ramping up isn't easy with curbs, labour shortages

The first of a three-part series looks at how manufacturing units are gearing up to the new normal

PM's reforms-cum-stimulus will help CV industry: Ashok Leyland's Sondhi

The company commenced operations across its facilities

Haryana allows select firms to deploy 100% workforce in multiple shifts

Auto component major Sona Comstar, which earlier could deploy only half of its workers, has been allowed to bring in its entire workforce at its four plants - three in Gurugram and one in Manesar.

Tata Motors is worth nothing without Jaguar Land Rover, says CLSA

The $3.7 billion Indian auto firm faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said.

Tesla to reopen California factory despite county order

The electric car company told employees to report to work Friday, but a county official said Tesla did not meet the requirements for resuming production.

Govt working on financial package for all sectors amid Covid outbreak

Union Minister for MSME and Road Transport and Highways Nitin Gadkari said "a package is going to be declared".

There is utter confusion among Maharashtra authorities: Rajiv Bajaj

Bajaj Auto's plants in Chakan and Aurangabad haven't been able to achieve "meaningful production" despite getting the requisite approvals and complying with the government guidelines, Bajaj said.

After a washout month, automobile industry seeks resumption of business

All manufacturers reported zero sales in April as factories and dealerships were shut

Covid-19 impact: Zero sales for Maruti Suzuki in April as lockdown bites

The carmaker suspended operations from March 22, in line with orders from the government as India rushed to curb the spread of the virus

Scrappage scheme would give demand a boost: Ashok Leyland MD & CEO

A good scrappage policy could help improve efficiency of our transport fleet, reduce pollution and also help boost demand, said Vipin Sondhi

A month after lockdown, auto dealers making first moves to get back to biz

Dealers located in green zones as specified by the government are applying for permission under the Shops and Establishments Act to reopen their showrooms.