Rudratej Singh joined BMW in August 2019 after a three-year stint at Royal Enfield. He died of a cardiac arrest at his home
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Volvo said in a statement it will acquire 50% in the joint venture for the sum of approximately 600 million euros ($650.34 million) on a cash and debt free basis.
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Nissan's bigger rival Toyota Motor Corp has said it expects to cut its domestic production by around 40% as it significantly reduced output at its Japanese plants starting earlier month.
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Such a steep drop in the oil benchmark prompted strong reactions beyond trading floors. Here is an explanation of what negative crude prices mean in the real world:
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The company has partnered with Samhita Social Ventures - a social enterprise and SuperMoney - a financial lending tech platform to reach out to the beneficiaries within the ecosystem.
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The city of Wuhan in China had been under a strict lockdown post COVID19 outbreak and thus, leading to car equipment shortages. Luxury car manufacturers and car dealerships across the world had reported a cut in supply.
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Rudratej Singh, who recently took over as MD and President at BMW India, passed away on 20th April, following a cardiac arrest.
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Global wholesales of all passenger vehicles in Q4 FY20 were at 159,321 nos., lower by 26% as compared to Q4 FY19.
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The company ealier contributed Rs 7 Crore to PM CARES Fund.
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This figure does not include E Rickshaws which is still largely with the unorganized sector with a reported sale of around 90,000 units.
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