Auto Sector

Showing of 1 - 20 from 146 results
Auto Sector - Total results - 146
Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
Business

Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report

The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state.

COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand
Business

COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report
Business

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

Maruti Suzuki India Q4 net profit dips 28% at Rs 1,322 cr on lower sales volume, higher promotion expenses
Business

Maruti Suzuki India Q4 net profit dips 28% at Rs 1,322 cr on lower sales volume, higher promotion expenses

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a 27.77 percent decline in consolidated net profit to Rs 1,322.3 crore for the fourth quarter of 2019-20, on account of lower sales volume, higher promotion expenses and depreciation expenses

Coronavirus Lockdown: Maruti Suzuki resumes operations at Manesar plant on single shift basis after 40 days of closure
Business

Coronavirus Lockdown: Maruti Suzuki resumes operations at Manesar plant on single shift basis after 40 days of closure

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said it has resumed operations at its Manesar plant in Haryana after around 40 days of closure due to the coronavirus-led lockdown

Hyundai rolls out 200 vehicles from Chennai plant on first day of resuming operations
Business

Hyundai rolls out 200 vehicles from Chennai plant on first day of resuming operations

The auto major has commenced production at the facility adhering to 100 percent compliance of safety and social distancing norms, Hyundai Motor India said

Lockdown 3.0: Some auto companies resume production, others prepare to restart manufacturing
Business

Lockdown 3.0: Some auto companies resume production, others prepare to restart manufacturing

Automobile majors, including Maruti Suzuki India, Mercedes-Benz, TVS Motor, and Royal Enfield, on Wednesday announced the resumption of or plans to restart production at their respective manufacturing units following the relaxation of guidelines by the government for the third phase of lockdown

Coronavirus Lockdown: Maruti Suzuki India to resume operations at Manesar plant from 12 May
Business

Coronavirus Lockdown: Maruti Suzuki India to resume operations at Manesar plant from 12 May

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it would resume operations at its Manesar plant from 12 May

Toyota Kirloskar Motor says working with dealer partners to re-stimulate demand; digitalises sales process
Business

Toyota Kirloskar Motor says working with dealer partners to re-stimulate demand; digitalises sales process

Toyota Kirloskar Motor said the restart of the entire value chain and its restoration will be gradual, as the industry is facing varied challenges

Coronavirus Outbreak: Volkswagen, BMW, Mercedes take online sales route during lockdown
Business

Coronavirus Outbreak: Volkswagen, BMW, Mercedes take online sales route during lockdown

German automakers Volkswagen, BMW and Mercedes on Monday said they have introduced online sales initiatives in India in order to help customers book vehicles from the safety of their homes amid the coronavirus pandemic

Coronavirus Lockdown: Automakers yet to resume production, wait for supply chain to restart
Business

Coronavirus Lockdown: Automakers yet to resume production, wait for supply chain to restart

A week after the Centre announced allowing partial resumption of production by industries, automobile companies including Maruti Suzuki, Toyota, Tata Motors and Mercedes-Benz are yet to resume production stating that the entire supply chain, including component suppliers and dealers, needs to start operating to re-start production

Coronavirus Lockdown: Gurugram administration permits Maruti Suzuki to operate Manesar plant on a single shift basis
Business

Coronavirus Lockdown: Gurugram administration permits Maruti Suzuki to operate Manesar plant on a single shift basis

The company said it will resume operations only when it can maintain continuous production and sell vehicles, "which is not possible at this point of time"

Coronavirus Lockdown: Daimler India extends warranty, service period for BharatBenz vehicles by two months
Business

Coronavirus Lockdown: Daimler India extends warranty, service period for BharatBenz vehicles by two months

Daimler India Commercial Vehicles (DICV) on Tuesday said it has extended by two months warranty and scheduled service period for its BharatBenz vehicles due to the ongoing lockdown

Coronavirus Lockdown: Tata Motors extends commercial vehicles' warranty by two months worldwide
Business

Coronavirus Lockdown: Tata Motors extends commercial vehicles' warranty by two months worldwide

Tata Motors on Tuesday said it has extended by two months the warranty period for all of its commercial vehicles which are expiring during the period of the lockdown

Coronavirus Outbreak: Availability of components critical to restart manufacturing operations, say automakers
Business

Coronavirus Outbreak: Availability of components critical to restart manufacturing operations, say automakers

Major carmakers like Maruti Suzuki, Hyundai, Toyota and Honda have not yet resumed production at their factories stating that availability of components is a prerequisite to re-start operations at factories, which continue to remain inaccessible due to the nationwide lockdown

Passenger vehicle dispatches likely to decline by 10-12% in ongoing fiscal due to Covid-19 : ICRA
Business

Passenger vehicle dispatches likely to decline by 10-12% in ongoing fiscal due to Covid-19 : ICRA

Domestic passenger vehicle (PV) dispatches are likely to decline by 10-12 percent in the current financial year due to COVID-19 pandemic, rating agency ICRA said on Friday

Domestic passenger vehicle sales plunge 51% in March hit by coronavirus pandemic: SIAM
Business

Domestic passenger vehicle sales plunge 51% in March hit by coronavirus pandemic: SIAM

Passenger vehicle sales in India declined by 51 percent in March, hit by 21-day nationwide lockdown due to the coronavirus pandemic

Coronavirus Outbreak: Automobile dealers' body FADA writes to PM, seeks immediate financial support
Business

Coronavirus Outbreak: Automobile dealers' body FADA writes to PM, seeks immediate financial support

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

Coronavirus Outbreak: Maruti Suzuki cuts production by 32% in March to 92,540 units
Business

Coronavirus Outbreak: Maruti Suzuki cuts production by 32% in March to 92,540 units

The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 percent in March, according to a regulatory filing by the company

Hyundai Motor India integrates entire sales network with online sales platform
Business

Hyundai Motor India integrates entire sales network with online sales platform

Hyundai Motor India Limited (HMIL) on Wednesday said it has integrated its entire sales network of over 500 dealerships across the country with its recently introduced online sales platform