Automobiles News

Rolls-Royce to cut 9,000 jobs as demand for air travel crashes

Rolls-Royce to cut 9,000 jobs as demand for air travel crashes

London [UK]: British aircraft engine manufacturer Rolls-Royce is cutting at least 9,000 jobs due to collapse in demand for air travel caused by the coronavirus pandemic."We are proposing a major reorganisation of our business to adapt to the new level of demand we are seeing from customers. As a res...

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JLR retail sales skid 12 pc in FY20 due to COVID-19 crisis

JLR retail sales skid 12 pc in FY20 due to COVID-19 crisis

Whitley [UK]:  Jaguar Land Rover said on Saturday its retail sales in fiscal 2019-20 totalled 5.08 lakh vehicles, down 12.1 per cent year-on-year primarily as a result of the coronavirus pandemic significantly impacting sales in the fourth quarter.The company's total retail sales for the quarte...

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Covid-Impact: India Auto sales down by half, Rs 48,300 crore damage reveals SIAM's data

Covid-Impact: India Auto sales down by half, Rs 48,300 crore damage reveals SIAM's data

Mumbai: The damage from the Coronavirus and the lockdown could be in several multiples of crores. The Society of Indian Automobile manufacturers on Monday published data that reveals a 51% decline in passenger vehicle sales for the month of March.According to the latest data, sales in March'2020 dro...

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Stung by lockdown, India's auto dealers body seeks financial assistance

Stung by lockdown, India's auto dealers body seeks financial assistance

New Delhi: The Federation of Automobile Dealers Associations (FADA), a 15,000 dealers body, has reached out to Prime Minister Narendra Modi to seek financial assistance due to Coronavirus pandemic and the lockdown initiatied in the country. The letter has also been marked to Finance Minister Nirmala...

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Mahindra and Mahindra March vehicle sales down by a huge margin

Mahindra and Mahindra March vehicle sales down by a huge margin

Mumbai: Mahindra & Mahindra on Wednesday reported a massive decline of 88 per cent in its total vehicle sales in March to 7,401 units due to the Covid-19 outbreak.The company had sold 62,952 units in March 2019.Its domestic sales last month stood at 6,130 units, 90 per cent lower than 59,01...

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Doublewhammy of coronavirus and BSIV batter auto sector

Doublewhammy of coronavirus and BSIV batter auto sector

New Delhi: The Already battered automobile dealerships in the country faces the double-whammy of low sales accentuated by COVID-19 and the policy on selling old inventories.Accordingly, there plans to sell-off BS IV inventories are now all but lost as the pandemic has eroded footfalls and enquiry le...

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WABCO India plants to work 4 days/week in March on low demand

WABCO India plants to work 4 days/week in March on low demand

New Delhi: Automotive components and technology company WABCO India on Tuesday said that four of its plants will be operational for four days a week in March owing to weak demand for the products.The revised schedule will be applicable at its plants in Ambattur (Tamil Nadu), Panthnagar (Uttarakhand)...

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Vidhya Duthaluru to head Uber's global engineering team

Vidhya Duthaluru to head Uber's global engineering team

Bengaluru: Ride-hailing major Uber on Tuesday named Bengaluru-based Vidhya Duthaluru as the global engineering head for the customer care platform.Duthaluru will lead teams in Uber's Bay Area and Bengaluru tech centres to improve customer support experiences and feedback mechanisms for millions of u...

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Ashok Leyland Feb sales down by 37 per cent

Ashok Leyland Feb sales down by 37 per cent

Chennai: Commercial vehicles maker Ashok Leyland Ltd on Monday said its sales went down by 37 per cent last month as compared to February 2019 numbers.The company said last month, it sold a total of 11,475 units, down from 18,245 units sold in February 2019.While Ashok Leyland's sales of trucks went...

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TVS Motor sells 2.53 lakh units in February

TVS Motor sells 2.53 lakh units in February

Chennai: Two- and three-wheeler maker TVS Motor Company on Monday said it sold 253,261 units last month, down from 299,353 units sold in February 2019.According to TVS Motor, it is on track to reducing dealer level BS-IV stock in the domestic market and is confident of retailing it this month.In add...

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