Amidst the gloom set off by the COVID-19 outbreak that the biggest news out of the automotive world that week. So, it was included with the buy out of Norton from TVS Motor Company. Indian organizations now have five European motorcycle brands including three which started from the United Kingdom.
Within this variant of this auto wrap, we look at where Norton is and that which lies ahead for TVs. But, Here’s a whole look at all other best stories.
Even the lock-down announced by the federal government to stop the spread of publication coronavirus or COVID-19, triggered a 51 percent decline in passenger vehicle sales (car, SUV and van) for March in 143,014 units when compared with the same month this past year.
The passenger vehicle (PV) segment shut the year in red for the very first time in six decades. Last time that the industry recorded a drop was in 2014. The segment was under some pressure for its whole of FY20 because of a series of steep hikes in insurance costs. Also, bad buyer leads and increases in prices.
Bajaj car, India’s third most significant two-wheeler manufacturer. It has suggested a ten percent pay cut for mill employees if production doesn’t restart on April 21.
The suggested cut is going to undoubtedly for little over 1 / 2 of April and before lockdown raised on May 3. According to guidelines issued by the Ministry of Home Affairs (MHA) on April 1-5. So, the government is allowing businesses to start functioning in rural places and SEZ.
BMW pips Mercedes into the Very Best Location in Q1
There is no certainty that the Centre’s three-week lock-down period could increase on April 14, awarded that the rising cases of COVID-19 throughout the nation.
BMW has regained the top spot in India’s luxury car market after a gap of seven years beating Mercedes-Benz. The earnings amounts shared with the 2 businesses pertain to this January-March quarter (Q1) of all 2020.
BMW India sales included just two brands – BMW (2,365 components ) and Mini (117 components ).