No company can possibly get through something like this unscathed. Guaranteeing our liquidity needs to happen very quickly.
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The relationship between GM and its smaller Japanese rival reflects industry pressures to share technology and development costs to meet demands for cleaner vehicles.
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Domestic sales in March were 5,336 units, deeply impacted by the COVID-19 lockdown as well as the planned transition to BS VI norms.
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" FIOM representative Michele De Palma told Reuters, correcting an earlier FIOM statement which said a delay was "certain" given the current situation.
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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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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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"Olacabs has agreed to give 500 OLA vehicles for #Covid_19 related activities in Karnataka. These vehicles will be used by the government for commute by doctors and Covid 19 related activities.
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Ashok Leyland is the flagship company of Hinduja Group and India's largest commercial vehicle manufacturer. It recently became the third-largest bus maker in the world.
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