Categories
Top Cars

Covid-19 break messes up automakers BS-VI pricing strategy, Auto News, ET Auto

Toyota, which started selling BS-VI models from January, has decided not to pass on the entire BS-VI price increase to customers, as buying confidence is already low.
Toyota, which started off selling BS-VI types from January, has decided not to pass on the overall BS-VI selling price improve to clients, as getting self-confidence is already minimal.

By Lijee Philip

Mumbai: Battered by the Covid-19 outbreak and the lockdown subsequent an financial slowdown may drive auto makers to selling price their BS6 providing nearer to the BS4 automobiles they changed to draw in prospective buyers the moment the lockdown is lifted. The outbreak has worsened the auto sectors troubles in March when they have been in the midst of transitioning to stricter emission norms from April 1, market

Read More
Categories
Car and Auto News

What automobile dealers need to do during lockdown?, Auto News, ET Auto

Most OEMs & dealers across India had stepped up precautions and all offices and factories / workshops across the country are shut.
Most OEMs & dealers across India had stepped up safeguards and all workplaces and factories / workshops across the country are shut.

By Arvind Saxena

The world wide spread of COVID 19 virus is using its toll on financial system across field. Vehicle field which was already dealing with declining profits for the last two decades is further more strike pretty hard right after lockdown introduced by GoI.

Sellers have been already dealing with declining customers’ walk-ins and this lockdown has fully stopped walk-ins in their showrooms. It will just take a very long time to come out of this

Read More
Categories
Automobile

COVID-19 impact on Indian automotive industry- Taking action in troubled times, Auto News, ET Auto

The India automotive industry has already seen difficult past few quarters and this pandemic led lockdown couldn’t have been more ill-timed.
The India automotive sector has previously noticed difficult previous couple quarters and this pandemic led lockdown could not have been far more ill-timed.

By Rahul Mishra


The global pandemic prompted by the novel corona virus arrives at time when equally the Indian overall economy and the automotive sector were being hoping for restoration. Whilst the GDP expansion forecasts were being north of five.five%, COVID-19 might outcome in a negative effects of 1-2% on the expected expansion charges. The absolute magnitude of effects relies upon on the period of ongoing lockdown and the effects prompted of this pandemic.

The onset of

Read More
Categories
Auto Classifieds

50 JV to develop EV batteries, Auto News, ET Auto

For the new company, headquatered in Shenzhen Hirohisa Kishi from Toyota will serve as chairman, and Zhao Binggen from BYD will be the chief executive officer (CEO).
For the new corporation, headquatered in Shenzhen Hirohisa Kishi from Toyota will serve as chairman, and Zhao Binggen from BYD will be the main government officer (CEO).

New Delhi: Toyota Motor Corp on Thursday has formally included a joint undertaking with Chinese electric car or truck maker BYD to carry out the study and improvement for battery electric cars (BEVs).

Underneath the fifty:fifty JV, the automakers have recognized a new corporation referred to as referred to as BYD Toyota EV Technological know-how (BTET) which will be operational from Might 2020, Toyata stated in a joint statement.

For the new corporation,

Read More
Categories
Automotive Industry

Hero MotoCorp liquidates entire BS-IV stock with ‘limited financial impact’, Auto News, ET Auto

Hero dealers said it was the support of the company that helped them to clear the stock of BS-IV vehicles and minimise any impact from the residual BS-IV inventory.
Hero dealers explained it was the support of the company that helped them to very clear the inventory of BS-IV cars and minimise any impression from the residual BS-IV inventory.

New Delhi: The country’s biggest two-wheeler maker, Hero MotoCorp these days explained its dealers have been able to liquidate just about the whole inventory of BS-IV cars by the night of March thirty first, therefore making sure constrained monetary impression on the Enterprise.

“We had one.four lakh BS-IV cars prior to the lockdown on account of the COVID-19 pandemic. Out of this inventory, we will be getting back the 15,000

Read More