Automakers

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis

The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.

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 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

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

Ferrari rolls out coronavirus testing to get staff ready for work; to serve as blueprint for manufacturers to resume production

Under its “Back on Track” project, Ferrari staff, families and suppliers first take blood tests to see if they’re clear and will then be given an app which will alert them if they’ve been in close contact with any scheme members who contract COVID-19.

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

Coronavirus Outbreak: SIAM seeks GST rate cut, incentive-based scrappage policy to revive auto sector

SIAM has also asked for fund allocation for diesel/CNG bus procurement by state transport undertakings, over and above the allocation for electric buses under FAME 2 scheme.

Coronavirus Outbreak: Automakers push to reopen plants from Wuhan to Michigan; social distancing, masks to be used for employee safety

Auto manufacturers and suppliers are converging on a consensus that temperature screening, daily health questionnaires, assembly lines redesigned to keep workers 3 to 6 feet (0.9 m to 1.8 m) apart, and lots and lots of masks and gloves can enable large-scale factories to operate safely

Economic slowdown, weak consumer sentiment, coronavirus outbreak in China will continue to impact auto sales: Fitch

The auto sector also faces additional challenges from the adoption of stricter emission standards from 1 April

Auto crisis: India's vehicle production likely to shrink by 8.3% in 2020; coronavirus spread may hit supply chain, says Fitch

The agency said that it believes that the weak domestic demand for new vehicles will see India's vehicle production continue to contract in 2020.