Tata Motors to discontinue JTP performance cars. Tata Motors formed a 50:50 joint venture with Jayem Automotives in 2017 to develop high-performance versions of TML passenger cars under the JTP brand. Tough market conditions and limited sales prompted the partners to discontinue the venture
2 Wheeler demand rising faster than expected post lockdown. the production has been ramped up to 60-70% of pre-lockdown levels within just a month of the factories resuming operations. It is said that companies like Hero MotoCorp, Bajaj Auto and TVS Motor have asked their suppliers to ensure 60-70% of normal output for the month of June.
Royal Enfield to shut down several regional offices in cost-cutting. According to an internal circular cited by the report, offices in Gurgaon, Chennai, Bangalore, Mumbai, Jharkhand, Hyderabad, Bhubaneshwar and others will be shut down.
COVID-19 wil have short-term impact on EV sales: Lux Research. Lux believes automakers should focus on their battery supply chain.
Eicher Motors reports profit of Rs 1,827 crore in FY2020, down 17%. The company says despite a challenging year, Royal Enfield was able to increase its export by 96 percent.
BMW X5 gets new base diesel trim; prices cut by Rs. 8 lakh. SportX trim misses out on a few features. It does not get the aesthetic elements that come with the xLine and M Sport variants. It neither comes with laser headlights nor 20-inch alloy wheels.
Cycle sales on the rise in Bangalore post lockdown. It is said that enquires for cycles have gone up by 60% compared to pre-lockdown days. 50% of the enquiries are reported to have been converted to sales.