Automobile

Bounce, Vogo, Drivezy hardest hit by Covid-19 turn to layoffs, salary cuts, Auto News, ET Auto

Bounce had laid off employees since December last year.Bengaluru: Startups have started laying off staff and, in some cases, asked employees to take pay cuts as they look for ways to weather the impact of the coronavirus outbreak, according to employees of various firms who spoke to ET. Companies, however, cited that such measures are […]

Automobile

TVS Motor March sales down 55% at 144,739 units, FY’20 sales dip 18%, Auto News, ET Auto

Motorcycles sales also dipped by 52.7 percent by to 66,673 units from 141,086 units in March last yearNew Delhi: Chennai-based TVS Motor Company on Thursday reported a 55.5 percent decline in total sales (domestic and exports) at 144,739 units in March 2020 due to massive impact of COVID-19 lockdown across the country. The company had […]

Automobile

M&M CFO VS Parthasarathy is now President of a new unit, Auto News, ET Auto

Mahindra & Mahindra on Wednesday announced a major transition in management as the conglomerate transitioned towards overcoming a sales slump. In this transition, VS Parthasarathy has moved on from the earlier dual role of Group CIO & Group CFO at Mahindra & Mahindra Group and has been promoted as President – Mobility Services Sector, Mahindra […]

Automobile

Truckers flag shortage of drivers; claims they have gone home, Auto News, ET Auto

Both AITWA and All India Motor Transport Congress, a pan-India truckers association, said instructions of MHA to allow trucks to operate have not gone down yet in many places. NEW DELHI: Despite Centre’s clear instructions to make the movement of cargo vehicles seamless across the country, truckers’ associations have been raising several issues that are […]

Automobile

French car registrations dropped by 72% in March due to coronavirus, Auto News, ET Auto

Car registrations dropped by 34.09 percent in the first quarter of the year. PARIS: French car registrations dropped by more than 72% in March due to the coronavirus outbreak and lockdown ordered by authorities to fight the epidemic spread, France’s car industry association CCFA said on Wednesday. Car registrations fell by 73.43 percent last month […]

Automobile

Hyundai to establish Mobility Global Innovation Centre in Singapore, Auto News, ET Auto

Hyundai has been exploring the ideas of smart and futuristic mobility solutions for quite some time.New Delhi: South Korean auto major Hyundai on Tuesday, has informed that it will establish Mobility Global Innovation Centre (HMGIC) in Singapore with support from Singapore Economic Development Board (EDB). The lab is claimed to be focussing on exploring ideas […]