BUSINESS
This week in Auto: COVID-19 cases at Bajaj Auto plant; Maharashtra freezes ‘Chinese’ MoUs
Here is a brief look at what else made headlines in the automotive space during the week
BUSINESS
After AVTR comes Phoenix, Ashok Leyland’s next launch
The launch of the Phoenix had been impacted by the coronavirus pandemic.
BUSINESS
Amid India-China tension, auto parts from China, Hong Kong stuck at ports
Lack of clarity and no official order has led to piling up of consignments at various ports
BUSINESS
India’s share in Suzuki’s global sales hits 4 year low; Co aims to triple showroom count
India’s share in Suzuki Motor Corporation’s (SMC) worldwide automotive sales ended at 50.35 percent last financial year reporting sales of 1.43 million units. A year ago, it was 52.72 percent.
BUSINESS
The Hinduja dispute: Four brothers and a document that is key to their $15.6 billion fortune
Till now, the four bothers were seen in sync. Not anymore. And at the centre of their dispute is a 2014 document.
BUSINESS
Maharashtra’s plan to hold ‘Chinese’ MoUs hits an Indian company instead
The MoUs have been put on hold following the violent standoff between India and China at the Galwan valley
BUSINESS
Three Jaguar Land Rover employees in UK fall prey to COVID-19
The total number of confirmed cases of coronavirus in the UK crossed 3,05,000, including nearly 42,700 deaths even as England prepares to reopen cinemas, pubs and restaurants from the first week of July as part of easing of the lockdown.
BUSINESS
Bajaj Chetak bookings likely to reopen in July as battery cell supply from China resumes
A decision on reopening bookings for the Chetak will be taken by mid of July
BUSINESS
This week in Auto: Chinese companies dominate India's bus space; Bajaj sails past Hero in turnover
Here is what made headlines in the automotive space this week
BUSINESS
Anxious to make holiday plans? There is insurance to cover your spend
Sterling Holidays is offering complimentary insurance cover with each holiday package.
BUSINESS
Several countries not interested in dealing with China after COVID-19; India should become No. 1 in EVs in 5 years: Nitin Gadkari
China produces more than 80 percent of all EVs globally and has the largest reserves of lithium in the world
BUSINESS
At Rs 30,000 crore, Bajaj Auto sails past Hero MotoCorp to clock highest revenue
Bajaj sailed past Hero MotoCorp, the company with the biggest turnover for more than 10 years
BUSINESS
Jaguar Land Rover Union says job losses are ‘painful and devastating’
The cutback in jobs comes at a time when retail sales have picked pace in China, one of the largest markets for JLR
BUSINESS
Auto sales numbers: Why Tata Motors moved away from age-old industry practice
The change in strategy has raised doubts over corporate governance issue. But company doesn't think so
BUSINESS
Tata Motors to relook at projects as part of Rs 6,000 crore saving plan for FY21
From spending Rs 5,344 crore last year on products and technologies Tata Motors has slashed capex to Rs 1,500 crore for FY21.
BUSINESS
COVID-19 impact | Royal Enfield more open for buyout opportunities now: Eicher Motors MD
Company officials said that opportunities will be considered if it makes 'very strong and strategic sense'
BUSINESS
This week in Auto: First green shoots appear in the two-wheeler industry
Here are all the important headlines of the week from the auto space
BUSINESS
Jeeps running in the US, Europe carry an Indian stamp
The Chennai centre in fact has grown to be one of the largest technology centres outside of North America for FCA
BUSINESS
Hero MotoCorp slashes capex to Rs 600 crore, says demand uptick visible
The manufacturer of Splendor and Maestro clarified that there has been no cutback on investments on new product development and R&D
BUSINESS
What COVID-19? Motherson Sumi wants to nearly triple revenues to $35bn in five years
A detailed roadmap for FY25, five year plan will be shared by the company in the September quarter
BUSINESS
Revenue, profitability to suffer in first half of 2020: Taj Hotels operator
IHCL has also started discussion with all its lessors for waiver or deferment of lease rentals during the lockdown period
BUSINESS
This week in Auto: Small cars may be back in vogue; govt invites suggestions to amend Motor Vehicle Act
Here is a look at all the major news developments in the auto space this week
BUSINESS
Government wants to lease out HMT tractor plant 4 years after shutting it down
Only companies from capital goods sector or the auto sector will get to bid
BUSINESS
Unlock 1.0 | Here’s how hoteliers are getting ready to welcome guests once again
Only those establishments which are outside of the containment zones will be allowed to reopen
