Tata Motors’ commercial vehicles and Tata Daewoo registered sales of 72,608 units in Q4 FY20, down 49%, as compared to Q4 FY19. New Delhi: Tata Motors Group has reported a 35 percent decline in global wholesales for the fourth quarter (January-March 2020) by selling 231,929 units. This includes Jaguar Land Rover as well. Tata Motors’… Continue reading Tata Motors Group sales decline 35% in Q4 FY20
Author: Economic Times of India Online News
PSA seeks to shift Fiat Chrysler merger into high gear
The tie-up was announced at the end of October and originally scheduled to be finalised in early 2021 at the latest, in order to create the world’s fourth-largest automaker Paris: The teams working on the merger of carmakers PSA Group and Fiat Chrysler (FCA) are “picking up the tempo” to finalise the merger, the head… Continue reading PSA seeks to shift Fiat Chrysler merger into high gear
About 15% EV dealers to shut shop post lockdown
EV manufacturers say most dealerships of two wheelers and e-rickshaws, particularly in tier -3 or 4 towns, are owned by first time entrepreneurs who don’t have the financial bandwidth to survive this crisis. CHENNAI: More than 200 dealers or 15% of the 1,400 odd electric vehicle dealerships across the country will likely shut down once… Continue reading About 15% EV dealers to shut shop post lockdown
BYD, Toyota finalize 50:50 JV to develop EV batteries
For the new company, headquatered in Shenzhen Hirohisa Kishi from Toyota will serve as chairman, and Zhao Binggen from BYD will be the chief executive officer (CEO). New Delhi: Toyota Motor Corp on Thursday has formally incorporated a joint venture with Chinese electric vehicle maker BYD to conduct the research and development for battery electric… Continue reading BYD, Toyota finalize 50:50 JV to develop EV batteries
Renault says China, South Korea plants restarting after virus shutdown
Renault has already warned of possible factory closures as it races to cut costs amid the coronavirus crisis, after posting a net loss of 141 million euros (USD 156 million) for 2019 — its first year in the red in a decade. Paris: French automaker Renault said Monday it was resuming production at two factories… Continue reading Renault says China, South Korea plants restarting after virus shutdown
Honda Motor India temporarily shuts its car and two-wheeler manufacturing facilities
It plans to restart production on 1st April 2020, that will be dependent upon directions from Government authorities and civil administration, along with market and supply conditions, it added. New Delhi: In view of the escalating COVID-19 situation, the Japanese automaker Honda Cars India Limited (HCIL) will be temporarily suspending operations at both its manufacturing… Continue reading Honda Motor India temporarily shuts its car and two-wheeler manufacturing facilities
Aluminium maker Hydro slashes output for auto, construction as virus spreads
Hydro was maintaining output at its giant primary metals plants, which turn raw materials into slabs of aluminium, but was slashing output at several facilities that turn those metal blocks into products for a wide range of industries. OSLO: Aluminium maker Norsk Hydro is reducing or halting production of some components for the auto and… Continue reading Aluminium maker Hydro slashes output for auto, construction as virus spreads
Former Jamna Auto CFO Pankaj Gupta joins EV startup
Highlights Pankaj Gupta worked at Jamna Auto for three years, He has joined as Head-Finance, SmartE, SmartE was founded in 2014 and operates EV fleet across Delhi-NCR, Previously, industry veterans Sanjay Bhan & BVR Subbu joined Ola Electric, Pankaj Gupta has joined EV startup SmartE as Head-Finance New Delhi: After three years of his service… Continue reading Former Jamna Auto CFO Pankaj Gupta joins EV startup
Centrica, Volkswagen agree three-year deal for electric vehicle home charging
LONDON: British utility Centrica has agreed a three-year partnership with Volkswagen to provide home-charging hardware for new electric vehicle owners, it said on Wednesday. The deal will see Elli, the main provider of charging hardware and services for Volkswagen Group, work with Centrica’s British Gas to deliver a package of home-charging installations, after-sales services and… Continue reading Centrica, Volkswagen agree three-year deal for electric vehicle home charging
BMW among companies accused of using forced Chinese labour
Global brands like BMW, Apple, Sony have been accused of getting supplies from factories using the forced labour. Sydney: China is transferring tens of thousands of Uighur detainees out of internment camps and into factories that supply some of the world’s leading brands, an Australian think tank said Monday. Top global brands such as Apple,… Continue reading BMW among companies accused of using forced Chinese labour