The Chinese automaker has been planning to enter the Indian market since 2020. The axed employees were working on the company's planned India entry in departments including finance, strategy and marketing, two of the sources said, adding that they are to be given three months' severance pay.
Read MoreSaurabh Vatsa, Brand Head of Citroen India in a candid conversation with the Editorial Lead of BW Autoworld, Utkarsh Agarwal talks about the company’s future plans and how Citroen is trying to position itself in the Indian market with the launch of its second product in India– the C3 hatchback. He also shared that Citroen will be coming with an electric vehicle (EV) in India next year.
Read MoreAs compared to the sales of the previous year the same month, Hyundai Motor India see a growth of 14.5 percent with 54,474 units sold in June 2021.
Read MoreTotal sales in the month include domestic sales of 125,710 units, sales to other OEM of 6,314 units and exports of 23,833 units.
Read MoreNissan India registers a domestic wholesale of 3515 units and export wholesale of 4497 units in June 2022
Read MoreCompany’s Hector and all-new ZS EV continue to witness strong interest amongst buyers, with consistent monthly bookings of over 4,000 and 1,000, respectively.
Read MoreA new feature quietly unveiled at Apple's developer conference this month will allow CarPlay users to tap an app to navigate to a pump and buy gas straight from a screen in the car, skipping the usual process of inserting or tapping a credit card. Details of Apple's demo for developers have not previously been reported.
Read MoreIndia wants carmakers to build more electric models but the uptake for such vehicles so far has been slow, and only Tata Motors builds them locally.
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