Commercial vehicle sales down 84% in Q1, OEMs brace for difficult FY2021

The Indian commercial vehicle (CV) segment has been one of the worst affected segments in the domestic market. If Q1 FY2020 sales numbers are anything to go by, the segment which has been for long been considered the barometer of an economy, is now set to witness one of its worst periods ever. Tata Motors,… Continue reading Commercial vehicle sales down 84% in Q1, OEMs brace for difficult FY2021

India car sales in June down 54% but much improved over May 

Finally, a full month of sales for India Auto Inc. After a washed-out April and a truncated May, June 2020 saw OEMs and their dealers function, in different states of readiness, for the entire month. Understandably, given the ongoing pandemic, some states still in lockdown mode, depressed consumer sentiment and vehicle logistics still to shape… Continue reading India car sales in June down 54% but much improved over May 

Hyundai Motor India sells 21,320 units in June

Hyundai Motor India (HMI) today announced overall sales of 21,320 units in the domestic market in June across India. The company also reported exporting 5,500 units to key markets abroad which include the Middle-East, South Africa and Latin America. While the June 2020 sales numbers are 50 percent lower compared to its sales in June… Continue reading Hyundai Motor India sells 21,320 units in June

Maruti Suzuki India sells 51,274 units in June, improves on May numbers

Passenger vehicle market leader Maruti Suzuki India has reported improved numbers in June compared to May. It has posted total sales of 51,274 units in the domestic market in June 2020. On a year-on-year basis, the June sales numbers are down 54 percent compared to June 2019 when the car maker clocked sales of 111,014 units. Maruti… Continue reading Maruti Suzuki India sells 51,274 units in June, improves on May numbers

Land Rover Defender expands model range with new commercial model

Land Rover will revive the Hard Top name for the forthcoming commercial version of the new Defender, with the firm promising the new machine will offer “a unique combination of cargo space, practicality and comfort”. The Hard Top moniker was first used by the British brand in 1950, when a removable roof was introduced for the Series… Continue reading Land Rover Defender expands model range with new commercial model

Bridgestone, Microsoft partner to develop real-time tyre damage monitoring system

Bridgestone, one of the lading tyre and rubber manufacturer, is collaborating with American software major Microsoft to develop a world-first monitoring system for detecting tyre damage issues in real-time. The company says these issues are a serious matter and contributing to around 30 percent of all car accidents caused by technical failure. According to Bridgestone,… Continue reading Bridgestone, Microsoft partner to develop real-time tyre damage monitoring system

Bharat Forge writes off its investment in e-truck maker Tevva Motors

Bharat Forge has provided Rs 89 crore towards impairment of its investment in Tevva Motors (Jersey) Ltd, the company said in a regulatory filing today.  In June 2018, Bharat Forge had taken a strategic stake in the UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles for 10 million pounds (about Rs… Continue reading Bharat Forge writes off its investment in e-truck maker Tevva Motors

ACMA flags off supply chain issues due to delay in getting Chinese-made parts

The past few days have seen news about inordinate delays in Indian industry receiving import consignments from China, possibly a result of the collateral damage in the relationship between the two countries as a result of recent clash in Ladakh. It is understood that import consignments from China are being subjected to 100 percent manual… Continue reading ACMA flags off supply chain issues due to delay in getting Chinese-made parts

Bajaj Auto’s Waluj plant sees 140 cases of Covid-19, operations to continue

At least 140 employees and contractors employed at Bajaj Auto’s Waluj plant have tested positive for Covid-19. Two of those infected have succumbed to the infection, the company has said in a statement. Commenting on the development, Ravi Kyran Ramasamy, CHRO at Bajaj Auto said, “We have more than 8,100 employees and contractors employed in… Continue reading Bajaj Auto’s Waluj plant sees 140 cases of Covid-19, operations to continue