Page 26 - Automobile
Hyundai records over 1.5 mn visitors on its online car sales platform
Hyundai Motor India Ltd (HMIL) on Monday said its online car buying platform has recorded over 1.5 million visitors and over 20,000 enquiries since its launch in March this year
 "Hyundai records over 1.5 mn visitors on its online car sales platform")
Royal Enfield records 35% decline in sales at 38,065 units in June
Niche bike maker Royal Enfield has reported a 35 per cent decline in total sales at 38,065 units in June. The company had registered total sales of 58,339 units in the same month a year ago, Royal Enfield said in a late night statement on Wednesday. Domestic sales in June were at 36,510 units as against 55,082 units in the year-ago month, down 34 per cent, it added. Exports last month were at 1,555 units as compared with 3,257 units in June 2019, a decline of 52 per cent, it said.
 "Royal Enfield records 35% decline in sales at 38,065 units in June")
Delays in port clearance to impact vehicle manufacturing, says SIAM
Delays in port clearance due to manual inspection of import consignments is expected to impact vehicle manufacturing in the country, Society of Indian Automobile Manufacturers (SIAM) said.
 "Delays in port clearance to impact vehicle manufacturing, says SIAM")
Coronavirus impact: Toyota Kirloskar Motors sales dip 86% in May
There has been a significant surge in customer orders and enquiries online, through digital platforms, company official says
 "Coronavirus impact: Toyota Kirloskar Motors sales dip 86% in May")
Covid-19 crisis: Auto sales may see sharpest decline in 20 yrs, says Ind-Ra
The decline (excluding in tractors) would be the steepest in the last two decades
 "Covid-19 crisis: Auto sales may see sharpest decline in 20 yrs, says Ind-Ra")
India Inc welcomes RBI's rate cut, says will revive demand in auto, realty
Falling rates to help; rise in group exposure limits will support large companies
 "India Inc welcomes RBI's rate cut, says will revive demand in auto, realty")
Contactless sales to benefit passenger car, two-wheeler segments: EY
Companies like BMW, Hyundai, Volvo and Peugeot have successfully deployed almost contactless online sales globally
 "Contactless sales to benefit passenger car, two-wheeler segments: EY")
From airlines to automobiles, businesses see washout in April amid lockdown
According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore
 "From airlines to automobiles, businesses see washout in April amid lockdown")
Coronavirus impact: Slowdown-hit automobile hub stares at dead end
The Gurugram-Manesar-Bawal belt, stretching up to Neemrana in Rajasthan, houses one of the largest auto clusters in India
 "Coronavirus impact: Slowdown-hit automobile hub stares at dead end")
Coronavirus lockdown: With no food or hope, truckers stranded across India
Some 500,000 drivers and helpers have been left high and dry across the many state borders because of lockdown, suggest estimates by the IFTRT
 "Coronavirus lockdown: With no food or hope, truckers stranded across India")
Closure of manufacturing plants to cost over Rs 2,300 cr loss per day: SIAM
Hero MotoCorp, Honda Motorcycle and Scooter India, TVS Motor Company, Bajaj Auto, Yamaha and Suzuki Motorcycle have also suspended production.
 "Closure of manufacturing plants to cost over Rs 2,300 cr loss per day: SIAM")
Volvo Eicher sees no rush among transporters to buy BS-IV trucks
Automakers in India import about 10% of their raw materials from China
 "Volvo Eicher sees no rush among transporters to buy BS-IV trucks")
Shared mobility can unclog India's cities
India has a total of over 30 million passenger vehicles
 "Shared mobility can unclog India's cities")
Crude to snuff gains from weak rupee, muted global demand to hurt exports
Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited
 "Crude to snuff gains from weak rupee, muted global demand to hurt exports")
Slow economy, weak sentiment to continue weighing on auto sales: Fitch
Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018
 "Slow economy, weak sentiment to continue weighing on auto sales: Fitch")
Slowdown hangs heavy over Auto Expo; Indian 2-wheeler cos give it a miss
The absence of various manufacturers from the show was compensated by the Chinese companies
 "Slowdown hangs heavy over Auto Expo; Indian 2-wheeler cos give it a miss")
China's largest SUV maker Great Wall commits $1 bn investment in India
Speaking at the Auto Expo here, he said the company also intends to use manufacturing capabilities in India to export to other countries
 "China's largest SUV maker Great Wall commits $1 bn investment in India")
Coronavirus: Hyundai stops production in South Korea over shortage of parts
The outbreak of the coronavirus had disrupted the supply of parts for Hyundai, the company said
Coronavirus: Hyundai stops production in South Korea over shortage of parts
The outbreak of the coronavirus had disrupted the supply of parts for Hyundai, the company said
 "Coronavirus: Hyundai stops production in South Korea over shortage of parts")
Budget: Telecom, auto sectors stay in stress zone with no direct relief
All three sectors had lobbied hard but the Budget did not offer any respite
 "Budget: Telecom, auto sectors stay in stress zone with no direct relief")
