M&M will observe seven no-production days at its plants in September. The company added that there will be no material impact of the halt on the XUV7OO production ramp-up and launch plans.
Tag: commercial vehicles
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Minda Corp buys 26% stake in charging solutions start-up EVQPOINT
Spark Minda acquired a 26% equity stake in EVQPOINT Solutions - a charging solutions start-up. Spark Minda will become the exclusive technology and manufacturing partner for battery chargers and EV supply equipment for EVQPOINT.
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Auto sales in India up 34% in July as COVID-19 restrictions ease: FADA
Easing COVID-19 restrictions and opening dealerships led to robust sales in all vehicle segments. FADA shared a business outlook that demand and enquiry levels will continue to improve in all sectors.
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Cell Propulsion launches its first battery production line
Cell Propulsion inaugurated its pilot production plant in Bengaluru for the manufacturing, assembly and testing of Li-ion battery packs in July this year.
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PV makers to recover faster than two-wheeler makers: Care Ratings
On a YoY basis, wholesale of two-wheelers grew by just 4%, but PV dispatches improved by 119%. Compared to Q1FY19, the demand and sales of tractors have not been affected by the pandemic.
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TVS Automobile launches Ki Mobility Solutions; raises Rs 850 bn funds
Ki Mobility Solutions will offer standardised and cost-effective service to two-wheelers, passenger cars and commercial vehicles. TVS ASL also acquired 100% of goBumpr, a large B2C aggregation platform.
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Second Covid wave to cause auto production & sales to decline: Ind-Ra
According to the report published by India Ratings and Research (Ind-Ra) on India’s auto sector in May, the sales and production of automobiles have been impacted during the second wave of Covid-19.
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Auto component sector is set for rebound, after two tough years: CRISIL
It is expected that the automotive components sector will see a rebound in its revenue for about 21-23% due to an increase in the domestic and export demand, as per a research analysis by CRISIL.
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Second Covid wave adversely impacts auto industry in April 2021: Ind-Ra
The second covid wave has stalled the auto industry’s momentum recorded in 3Q-4QFY21, according to a recent report published by India Ratings and Research (Ind-Ra).
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COVID crisis: Tata Motors shuts down its Jamshedpur plant for 5 days
The company has undertaken a Block Closure from May 18 to May 22 due to the rise in COVID-19 cases in the state. The company will use the time to conduct its annual maintenance activities.