Dealerships on an average are spending 85% of their gross revenues on costs and majority of that is on manpower, interest and infrastructure
31 May 2020 12:09 PM
There will be 5 per cent salary reduction at the junior executive level and about 15 to 20 per cent at the senior management level
26 May 2020 2:25 PM
The company implemented layers of protection, including cleaning, disinfecting and social distancing
19 May 2020 3:34 PM
Maruti Suzuki India reported a 27.77 percent decline in consolidated net profit to Rs 1,322.3 crore for the fourth quarter of 2019-20
13 May 2020 5:09 PM
The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in its facilities
13 May 2020 2:42 PM
India exports around 12 percent of the total auto components to economies with reliance on crude oil such as Africa and Latin America
13 May 2020 1:24 PM
India’s auto industry is already reeling, with sales of cars, trucks and motorbikes falling 18% last fiscal year to 21.5 million vehicles
12 May 2020 10:42 AM
Around 10,000 units of motorcycles and scooters have already been sold since the reopening of these customer touch-point
10 May 2020 4:35 PM
Home Ministry allowed factories in rural areas or those outside municipal limits to resume production under strict safety guidelines
07 May 2020 3:48 PM
Maruti Suzuki India, Hyundai Motor India Ltd, Mahindra & Mahindra, Toyota Kirloskar Motor and MG Motor India reported nil sales
04 May 2020 3:57 PM
The company, however, shipped 32,009 two-wheeler units to overseas markets last month
04 May 2020 1:00 PM
The company is commencing operations in a graded manner at three of its manufacturing plants Gurugram, Dharuhera and Haridwar
04 May 2020 12:32 PM
The industry captains also sought liquidity support to component makers and dealerships
01 May 2020 4:10 PM
Due to complete halt in operations, Royal Enfield has reported sales of 91 units for the month of April
01 May 2020 4:03 PM
The company had zero sales in the domestic market in April 2020
01 May 2020 11:24 AM
In January-March, Daimler reported a 92 percent slump in net profit
29 Apr 2020 1:46 PM
Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union
28 Apr 2020 9:27 AM
The company has also extended warranty timelines on its bikes which were due to expire between March 20 May 3, 2020, till June 30, 2020
21 Apr 2020 4:03 PM
Passenger vehicle sales in India fell 18% in the year to end-March 2020
19 Apr 2020 9:16 AM
Federation of Automobile Dealers Associations had written to PM Modi seeing financial support to save their businesses amid lockdown
14 Apr 2020 3:36 PM