Page 39 - Auto Sector News Today

It was a sense of déjà vu for the automobile sector in May as Covid second wave swept across the country, once again triggering state-wise and localised lockdowns. Owing to this, automobile companies posted extremely muted sales figure, with high double-digit month-on-month (MoM) decline across segments. This was for the second straight month that the auto sales figures took a hit and analysts expect volumes to remain subdued in June too amid Covid-led disruptions. But will this phenomenon...

Shares of Hero MotoCorp (HMCL) were up 3 per cent at Rs 2,961.75 on the BSE in intra-day trade on Monday after the company resumed production at all its facilities from today. Hero MotoCorp - the world’s largest manufacturer of motorcycles and scooters – on Saturday said that the company is gearing up towards a gradual resumption of operations by starting production at all its manufacturing plants in India from Monday, May 24th. The company had already commenced single shift production at...

Read more about Icra downgrades growth peg of various auto segments due to second wave on Business Standard. Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands

Share this article Share this article ResearchAndMarkets.coms offering. The global silver demand is expected to reach 1,155 million ounces in 2025, growing at a CAGR of 2.98%, for the time period of 2021-2025. While the silver supply is likely to be recorded as 1,062 million ounces in 2025, increasing at a CAGR of 1.26%, during 2021-2025. The factors such as rising sales of jewellery & silverware, growing demand for solar photovoltaic, rising use of silver oxide batteries, increasing manufactur...

Hero MotoCorp ready to introduce products in electric segment next year Premium Hero MotoCorp has already entered two-wheeler EV in the form of investments in a Bengaluru-based EV startup Ather Energy (MINT_PRINT) Earlier, the company had also announced its partnership with Taiwan-based Gogoro Inc to bring the latters battery swapping platform to India Read Full Story New Delhi: Hero MotoCorp, Indias biggest two-wheeler manufacturer, has announced that it will be entering the growing industry ...

Read more about Maruti, MG Motor and Toyota extend free service, warranty amid Covid-19 on Business Standard. The MG customers will now be able to avail their schedules until July 31, 2021

Read more about Auto parts firms brace for bumpy ride amid shuttered factories and lockdown on Business Standard. Some have chosen to focus on exports to ride out the disruptive phase

Read more about Auto firms to halt production for up to 15 days amid raging second wave on Business Standard. For some it is part of annual maintenance protocol, for others its a forced move, done for safety of those employed at the factory

Shares of TVS Motor Company rallied 15 per cent in Wednesdays session after the two-wheeler maker posted better-than-expected results for the quarter ended March 2021 (Q4FY21). The company on Tuesday posted a nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter of FY21, riding on the back of robust sales in the domestic and international markets. Revenue from operations rose to Rs 6,131.90 crore in the fourth quarter from Rs 4,104.71 crore in the sa...

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