Tag: closure

8-10% auto dealers face closure, Auto News, ET Auto

Dealerships have reached out to OEMs to increase margins and liquidity.
Dealerships have reached out to OEMs to increase margins and liquidity.

MUMBAI:

Several smaller and medium sized vehicle dealers are staring at the prospect of shutting shop or merging their organizations with more substantial dealers as vehicle profits keep on being uncertain even after the lockdown is at last withdrawn.

There are at this time about fifteen,000 vehicle dealerships (involves 2,three and 4 wheelers) throughout India. It is anticipated that there will be closures of at minimum 8-10% of these dealerships in the subsequent 6 months, individuals in the know mentioned. A calendar year again, close to 275 plus dealerships

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Fuel stations risk closure as petrol sales fall 75%

Many petrol stations in the Uk, significantly those people in rural spots, will have to shut in the coming months, with the coronavirus shutdown getting led to a 75 per cent reduction in petrol revenue, although diesel revenue are down 71 per cent.

The Petrol Retailers Affiliation (PRA) was warned that the lack of revenue is creating jogging some gasoline stations unviable, with scaled-down, impartial operators most at risk. Filling stations of this type have now begun closing in rural spots of the west place, Scotland and Northern Ireland.

Brian Madderson, chairman of the PRA, advised Automobile Specific that although

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Tata Motors to scale down activity at Pune site; may consider plant closure, Auto News, ET Auto

Last week, Tata Motors had asked about 3000 of its employees with office-based roles to work from home
Previous week, Tata Motors experienced asked about 3000 of its staff members with place of work-based mostly roles to operate from house

New Delhi: Tata Motors on Friday claimed it will scale down pursuits at its Pune website, owing to the rapidly-spreading coronavirus pandemic, which has documented above 250 conditions in India, using the maximum toll in the state of Maharashtra with fifty two conditions.

Tata Motors Controlling Director Guenter Butschek in an interior round late night mentioned that the automaker will get to skeletal operations by Monday and be completely ready for plant closure by Tuesday, if expected.

The

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