BUSINESS
Bharat's triumph over India: Tractor sales beat sales of cars, SUVs in May
Mahindra tractor sales surpass passenger vehicle sales of Maruti Suzuki
BUSINESS
Race car brand Shelby keen to burn rubber in India; looks to build cars in Mumbai
Shelby won’t have competition in India in its product segment and price range with the exception of Porsche
BUSINESS
Hoteliers rush to raise funds to meet working capital needs
Lemon Tree Hotels and Indian Hotels Company, two of the biggest listed companies in the hotel space, will raise Rs 450 crore
BUSINESS
This week in Auto: Industry in urgent need of a bailout; companies bring down capex dramatically
Here are all the stories that made headlines during the week in the auto space
BUSINESS
COVID-19 impact | Ceat cuts capex by 33% to Rs 500 crore for FY21
The lockdown has resulted in loss of revenues to the tune of Rs 200 crore for Ceat.
BUSINESS
Reverse migration in India | Auto sector feels the pinch; Ceat in 'tight situation'
Ceat is facing manpower shortage of temporary workers following incessant migration of workers
BUSINESS
TVS Motor lines up Rs 300 crore capex for FY21
This is the lowest capex lined up by TVS in five years and less than half compared to last year
BUSINESS
Mercedes-Benz launches C 63 AMG Coupe and AMG GT R, company says planned launches on track
The launch of its first all-electric car EQC has suffered a delay due to the nationwide lockdown.
BUSINESS
India loses crown to Indonesia as Honda’s biggest two-wheeler market
HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market
BUSINESS
COVID-19 impact | Demand rises for used cars as private mobility gains momentum
Two of India’s biggest used car entities from the organised sector – Maruti True Value and Mahindra First Choice – have reported a spike in demand over the past few weeks.
BUSINESS
Coronavirus impact | Auto ancillary Bosch cuts capex by half
During FY20 Bosch made investments of Rs 399 crore
BUSINESS
COVID-19 impact | Bajaj's all-electric scooter Chetak riding slow amid lockdown woes
The Chetak was received with such a rapturous response that Bajaj had to shut down the bookings
BUSINESS
COVID-19 impact | Bajaj Auto renews R&D focus to make up for lost time
The Pune-based company has restarted production in a limited manner at each of its three plants.
BUSINESS
Slowdown won’t mean a 150cc bike buyer will settle for 100cc instead: Bajaj Auto
Bajaj Auto believes that the customer will most likely stick to the same segment of his choice but will likely opt for a lower value product.
BUSINESS
Apollo Tyres cuts FY21 capex further to Rs 1,100 crore, plans virtual product launches
The Delhi-based tyre maker had announced FY21 capex target of Rs 1,700-1,800 crore in FY20. However, in the December quarter, the company cut it down to Rs 1,400 - 1,500 crore.
BUSINESS
Few BS-VI upgrades, high price dent demand for diesel models
A handful of diesel-powered cars and SUVs have received the BS-VI upgrades even as majority of companies have shunned the idea
BUSINESS
Maruti Suzuki writes off Rs 125 crore on obsolete BS-IV parts
Several other companies are also expected to disclose their write-offs of BS-IV inventory in the coming weeks
BUSINESS
This week in Auto: Coronavirus casts a shadow over new launches
Here is the complete round up of all the major events in the auto space this week
BUSINESS
COVID-19 impact | Indian hoteliers stare at Rs 90,000 crore wipeout of revenues
Estimates shared by hoteliers and analysts tracking the sector reveal that new projects will be pushed back by at least 12 months.
BUSINESS
COVID-19 is changing your car buying experience forever; here is what is in store
Little over 2000 dealerships have opened doors so far. This is about one-third of the total dealership strength of each of the manufacturers
BUSINESS
Workers not able to reach factories, Maruti Suzuki faces challenge of manpower shortage
"One need permits to move from one district to another"
BUSINESS
Maruti Suzuki lines up lowest capital expenditure in five years for FY21
India's largest carmaker will incur capital expenditure of Rs 2,700 crore, which is the lowest since 2015-16.
BUSINESS
COVID-19 impact | Even if truck rentals ease, where are the drivers, asks industry
The national truck capacity utilization is expected to rise to 55-60 percent by end of May from just 10 percent in April
BUSINESS
This week in Auto: Companies go digital to attract buyers, migration of people could challenge the restart
Here is a look at all the major news from the automotive space during the week
