The Federation of Automobile Dealers Associations (FADA) has written to Prime Minister Narendra Modi seeking immediate financial support from the government for the ailing sector amid the nationwide lockdown due to coronavirus pandemic
Honda Cars India Ltd (HCIL) on Monday said it is releasing advance payments to its dealer partners in order to help them with cash flow to remain afloat in the difficult business environment due to COVID-19 forced nationwide lockdown
100 days of Modi 2.0: Economic slowdown fades sheen of govt in second term despite gains in Article 370, triple talaq issues
The most shocking news in Modi 2.0 was the fall of growth rate in the first quarter of the current financial year at a time when the country was dreaming to become a $5-trillion economy.
SBI extends credit period of stressed automobile dealers on case-to-case basis, says govt measures can revive demand
The auto sector is facing its worst crisis in two decades and reports suggest thousands of job losses in the automobile and ancillary industry.
Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday.