Supply chains need to be re-started, migrant labour needs to come back to work (in a systematic and safe manner), and consumer demand needs to be triggered, says Vipin Sondhi
Supply chain glitches and unavailability of labour also a deterrent
Small Commercial Vehicles and Light Commercial Vehicles are buoyant, Medium and Heavt segment yet to see traction
The European carmaker's association, ACEA, said Friday that new car registrations ''recorded a dramatic drop'' of 55% to 567,308 units
Agency says Covid-19 will disrupt firms Indian operations and also impact key auto markets globally that are served through its UK-based arm, Jaguar Land Rover
Two-wheeler sales saw a decline of nearly 40%, says Siam
The nationwide lockdown imposed till April 14 has brought production to a standstill, and will hurt even more if it is extended.
The Gurugram-Manesar-Bawal belt, stretching up to Neemrana in Rajasthan, houses one of the largest auto clusters in India
Former FADA President and President Automotive Skills Development Council ( ASDC) Nikunj Sanghi said OEMs have given support packages that were already due to the dealers
The second-hand vehicle segment is expected to capture a larger share of the two wheeler and passenger car markets
Business Standard brings to you the top headlines of the day
However, it is maintain the timeline for the C-Cubed programme, under which the first vehicle designed, developed and made in India would be launched in 2021
The company further said its total two-wheeler sales were down 35 per cent at 2,10,976 units as compared to 3,23,538 units in the year-ago month
The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index
Specific tailored marketing pitches using first party data, smoother payment and financing processes and digital launches are among the ways in which auto majors are keeping their brands in the game.
Export sales were down 55 per cent to 4,712 units from 10,463 in the year-ago period
We should have kept the seniors home, closed public spaces, and allowed the rest of us to keep life moving forward, he said
The ministry informed that over 14,000 existing ventilators are earmarked for COVID-19 patients in various hospitals in the country while there are 1.19 million N-95 masks in stock.
Two-wheeler space worst hit, given higher BS-IV inventory
People-first approach marks decision with some firms saying there will be no pay or job cuts