Tag: impact

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

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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

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