Automobiles
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Union Budget 2021: Offline retail hard hit by pandemic; seeks relief in taxation, rationalisation of licensing process
Paresh Parekh •All eyes are now on how Budget 2021 will address the expectations and challenges faced by the Indian retail sector.
Maharashtra stalls investment proposals by Chinese firms worth Rs 5,000 crore after Ladakh stand-off
•Maharashtra has stalled a proposal by China’s Great Wall Motor to invest nearly $500 million, days after a deadly border clash between the two nations, potentially delaying the company’s plan to tap one of the world’s biggest car markets
Kia Motors launches refreshed version of SUV Seltos; prices start at Rs 9.89 lakh in Delhi
•Kia Motors India on Monday launched a refreshed version of its popular SUV Seltos with price starting at Rs 9.89 lakh (ex-showroom, Delhi)
Mahindra and Mahindra vehicle sales dip 79% in May to 9,560 units, exports fall 80%
•Auto major Mahindra & Mahindra (M&M) on Monday reported a steep 79 percent decline in total sales at 9,560 units in May
Coronavirus Lockdown: Hyundai Motor India sales decline 79% in May to 12,583 units, exports down 66%
•Hyundai Motor India Ltd (HMIL) on Monday reported a 78.7 percent decline in total sales at 12,583 units in May
Maruti Suzuki India records 86% slump in May sales at 18,539 units; exports decline 49%
•The country’s largest carmaker Maruti Suzuki India (MSI) on Monday reported a 86.23 percent decline in total sales at 18,539 units in May
TVS Motor Q4 results: Consolidated net profit dips 43% to Rs 82 cr; total income falls 17% to Rs 4,129 cr
•TVS Motor Company on Thursday reported a 43.3 percent decline in its consolidated net profit to Rs 81.85 crore for the fourth quarter ended on 31 March, 2020
Maruti Suzuki India partners with HDFC Bank to offer flexible car finance schemes
•The country's largest car maker Maruti Suzuki India on Thursday said it has partnered with HDFC Bank Ltd to offer flexible finance schemes for new car buyers
Maruti Suzuki partners with ICICI Bank, to offer retail financing schemes to customers
•The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said it has joined hands with ICICI Bank to offer retail financing schemes to its customers
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.