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Mylan gets DCGI nod for remdesivir in India, to launch at Rs 4,800 per vial. (AFP Photo)

Mylan Pharma to launch remdesivir in India at Rs 4,800 per 100 mg vial

The drug will be launched under the brand name Desrem in India and will be available to patients later this month

7 July 2020 8:18 AM GMT

The company said on June 26 that 140 of the roughly 8,000 staff at the factory had caught the virus and two had died. (PTI Photo)

Bajaj Auto unions demand factory halt after 250 workers test COVID-19...

It said work there would not be stopped, however, as the company wanted to learn to live with the virus

5 July 2020 4:16 AM GMT

Motorcycle segment in India would perform better than the rest of the auto industry, says Fitch. (AFP Photo)

Motorcycle segment may outperform rest of auto industry: Fitch

Domestic motorcycle production would gain some support from shift in demand but more benefit would accrue from the...

3 July 2020 9:31 AM GMT

Tesla CEO Elon Musk. (AFP Photo)

Elon Musk's Tesla becomes world's richest auto group

Tesla has seen ups and downs but its shares have risen steadily since late 2019 as it met key production targets for its...

2 July 2020 7:10 AM GMT

India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years. (PTI Photo)

India plans incentives for auto companies to boost exports

The move is part of India's effort to create champion' sectors to attract investment, generate jobs and boost...

30 Jun 2020 4:04 AM GMT

Workers assemble cars at the Dongfeng Honda Automobile Co., Ltd factory in Wuhan in central Chinas Hubei province. Asias factory pain worsens as Chinas recovery fails to lift demand. (AFP Photo)

Maharashtra govt freezes 3 Chinese projects worth Rs 5 crore

Hengli Engineering was to invest Rs 250 crore and PMI Rs 1,000 crore in the auto sector

23 Jun 2020 10:03 AM GMT

Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after pandemic hits earnings. (AFP Photo)

Tata Motors to shed 1,100 jobs at Jaguar Land Rover

The automaker posted a consolidated fourth quarter net loss of Rs 98.94 billion, as coronavirus lockdowns across its...

16 Jun 2020 4:52 AM GMT

Mahindra looks to give up control of Ssangyong

Mahindra, which owns a 75 per cent stake in SsangYong, rescued the sport-utility vehicle (SUV) maker from...

13 Jun 2020 2:08 PM GMT

Automobile registrations in May down 89 percent due to COVID-19 lockdown. (ANI Photo)

Vehicle registrations down 89% in May

For the first time, said FADA President Ashish Harsharaj Kale, the month of April witnessed zero retails

11 Jun 2020 10:03 AM GMT

Auto component sector may see huge job losses if the automotive sector continues to face headwinds due to lack of demand amid coronavirus. (AFP Photo)

Huge job losses imminent in automotive sector if demand remains weak:...

ACMA President Deepak Jain said that auto industry body SIAM has already predicted an annual downturn of 35-40% due to...

7 Jun 2020 9:15 AM GMT

Carmakers tie-up with banks to offer low interest rate schemes to attract customers. (Photo- PTI)

Carmakers tie-up with banks to offer low interest rate schemes to...

So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over...

2 Jun 2020 10:46 AM GMT

Maruti Suzuki India records 86% slump in May sales. (PTI Photo)

Maruti Suzuki India records 86% slump in May sales

Domestic sales declined by 88.93 percent to 13,888 units last month

1 Jun 2020 8:43 AM GMT