Hyundai was the first major automaker to flag a hit to its manufacturing outside China when it halted production at home, its biggest manufacturing base.
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TVS Motor Company too registered sales of 2.53 lakh units in February as against sales of 2.99 lakh units in the same month of last year with exports increasing to 82,877 units.
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Hyundai declined to say how much its subsidies will amount to. Globally, the company is betting heavily on hydrogen with plans to spend $6.7 billion on hydrogen technology by 2030.
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Tesla registrations fluctuate significantly from month to month, LMC data showed. The automaker typically delivers many more vehicles in the final month of a quarter than in the first month.
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Shares of the automaker dropped more than 5% after the news, while the wider market was down 2.6%. The closing deals a fresh setback to Hyundai Motor, which has gradually resumed production at local plants hit by a Chinese parts shortage in the wake of the virus outbreak.
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Tata Capital Financial Services denied the allegations and said it would also support inquiries, adding it had separately taken legal action against the dealer, which it said had defaulted.
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The Sportz variant is offered with Dual Tone: Fiery Red with Black Roof & Polar White with Black Roof colour schemes.
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Ford lost $771 million last year, about half the 2018 loss, and its market share there has shrunk.
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