3 workers test positive in Hyundai, 1 in Maruti
But SUV makers remain unfazed by down-trading trend
The pre-owned car market is headed for a boom in the post-lockdown era as cars acquire a utilitarian value for people
Plan to cut down payments, offer digital shopping & doorstep delivery
Demand slump, labour shortage put a damper on ramp-up
Manufacturers have sent out SOPs and norms dealers must follow before starting operations; Maruti and Hyundai have already opened a few outlets, others are awaiting permission
Net profit for January-March was $376 million, far below than expectations
Supply chain glitches and unavailability of labour also a deterrent
Company says work-from-home has been useful; doesn't foresee any delay in launches as it awaits govt clarity on resuming operations
The globally proven diagnostic kits worth Rs 4 crore have been imported from South Korea
Maruti and M&M had already announced suspension of manufacturing operations
The Korean auto major invested around Rs 1,000 crore in the new product, which is made in India for the domestic and global markets
The company had sold 54,518 units in the same month last year
Kona Electric is currently priced at Rs 23.71 lakh (ex-showroom Delhi)
Domestic sales were down 8.3 per cent to 42,002 units as against 45,803 units in January
From April 1, Bharat Stage (BS)-VI emission norms for automobiles will become mandatory across the country
Under the agreement, Hyundai will be responsible for the manufacture and deployment of the air vehicles, while Uber will provide logistics so that the service can operate
Hyundai Motor India Ltd (HMIL) on Friday announced opening of bookings for its upcoming compact sedan Aura. The Aura, which will be available in both petrol and diesel engine options, can be booked with a down payment of Rs 10,000 at Hyundai website and dealerships, the company said in a statement. HMIL Director - Sales, Marketing & Service, Tarun Garg said the company is beginning a new decade with the commencement of bookings for the Aura. "We are confident that Hyundai Aura will make a mark in its segment," he added. The car will be launched on January 21. It will compete with the likes of Maruti Suzuki Dzire, Honda Amaze and Ford Aspire, which are priced between Rs 5.82-9.79 lakh, in the compact sedan segment.
The company said its domestic sales were at 37,953 units in December 2019 as compared to 42,093 units in the same month previous year, down 9.8 per cent
The government incentives to buy vehicles and steps taken to address liquidity crunch, economic growth and infrastructure spending would boost the auto industry's prospects