Auto majors are increasing factory shifts and hiring workers as retail sales pip dispatches during May-June period and booking levels hit 85-90% of pre-Covid levels.Banking and automobile industry executives said several lenders increased the credit score required to give loans to salaried and self-employed individuals. By Sharmistha Mukherjee economictimes.indiatimes.com — SynopsisRevenue from operations last quarter stood at Rs 2971.54 crore, which is a decline of 63% compared to Rs 8030.27 … Sharmistha Mukherjee writes for ETAuto.com and gives views & updates on the Indian Auto industry. Maruti Suzuki eyes larger SUVs leveraging on parent’s alliance with Toyota writes China is India’s largest supplier of auto parts.“Our sales this year will be lower than 2019. VC Sehgal, chairman of Motherson Sumi Systems Limited (MSSL), said while recovery in demand in India after the lockdown has been weak compared with markets in China, Korea and Japan, automakers across segments have restarted operations and are growing on a sequential basis in the local market.The move follows a meeting between commerce & industry minister Piyush Goyal and senior auto industry representatives on August 13 to deliberate on possibilities of increasing localisation in the automotive sector, which was followed up with a review meeting on Friday, where 24 sectors were reviewed. The companies are also intensifying sanitisation drives at their premises.As many as 3,400 CNG distribution outlets are scheduled to become operational across 373 cities by the end of the year.HMSI invested Rs 630 crore to expand capacity by 0.6 million units at the facility.The decision to re-impose the lockdown in the Central Maharashtra district was taken on Monday after a meeting between government authorities and public representatives.The Board also approved the merger of SAMIL, the principal holding company of Motherson Group.The auto industry has lost nearly two months of sales due to the nationwide lockdown to check the spread of Covid-19.The Kia Seltos held a 58% share of the mid-size SUV market in the first five months of 2020.
Edited excerpts:We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. But we expect to continue to gain market share,” Volvo Car India managing director Charles Frump told ET.All cars sold from exclusive stores will be Trustmark cars and comes with a 6 month/7500 km engine and transmission warranty as well as a 7-day shield. Copyright © 2020 ETAuto.com. India’s top two carmakers Maruti Suzuki and Hyundai grew wholesale volumes by a fifth in Aug. Supply constraints have eased, demand momentum hopefully should remain strong the next 2-3 months with the advent of the festive season Sharmistha has 4 jobs listed on their profile. Health screening is a standard procedure across factories and offices.
auto-news/toyota-suzuki-alliance-synergies-to-progress-into-bigger-uvs-exports-and-cleaner-technologies/articleshow/77837591.cms The answer looks affirmative.
Find the best way to get in touch with Sharmistha by joining Muck Rack. Sharmistha Mukherjee (born 30 October 1965) is an Indian Kathak dancer, choreographer and politician of the Indian National Congress. View Sharmistha Mukherjee’s profile on LinkedIn, the world's largest professional community. RIP Pranab Mukherjee Find the best market expert's advice, recommendation, ideas & news on stock, investment, issues of investor interest & more by Sharmistha Mukherjee on The Economic Times …
The MG Hector too accounted for more than half the total sales the premium SUV space.
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