Articles for Business News

Continental Cancels 2020 Outlook

2020 outlook withdrawn due to ongoing uncertainty regarding market development

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UNO MINDA Further Strengthens Its Partnership With Toyoda Gosei

The proceeds of the investment will be used to consolidate the Business of TG in India by transferring the shares of Toyoda Gosei South India Ltd. (TG SIN) to TG Minda.

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Hyundai Reports 65% Drop In Sales Amidst Lockdown

The domestic sales of automaker drop by 40 percent with 26,900 units sold in March.

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Skoda Auto Pledges Rs 1Cr To Fight COVID-19

The company is also producing reusable face shields within the Chakan factory which will be distributed amongst healthcare providers treating COVID-19 patients.

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VE Commercial Vehicles Sells 1499 Units In March 2020

Volvo Trucks has recorded sales of 23 units in March 2020 (YTD 1107 units) as compared to 131 units in March 2019 (LYTD 1226 units), representing a decline of 82.4% (YTD decline of 9.7%).

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China May Ease Electric Car Quotas, Delay Emission Rules To Help Automakers

China requires automakers doing business in the country to follow strict rules covering the production of so-called new energy vehicles (NEVs) as part of a quota system.

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Nissan Appoints Guillaume Cartier As Chairman & VP For Africa, Middle East & India Region

He replaces Peyman Kargar who is taking up a strategic corporate role at Nissan following three years as AMI Chairman and global head of Datsun.

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Hyundai Motor's Sales Plunge By A Fifth In March As Coronavirus Hits Demand, Output

Credit ratings agency Moody's Investors Service said in a report last month it expects global sales for the auto industry to slide 14% this year.

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MG Motors Reports Hike In Sales; Solds 1518 Units In March

This includes 116 units of ZS EV, the country’s first pure electric internet SUV, and 1402 units of the HECTOR.

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Olectra Greentech Contributes To PM's CARES Fund

Contributes INR 1.7 Million to PM CARES to combat COVID-19; jointly contributed by the company and employees.

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