Demand for diesel engines will bounce back: Bosch. Pre-COVID, Bosch had generated Rs 24,000 crore worth of component orders for BS-VI vehicles, and a sizable share of this was for diesel powertrain components.
UAE says low oil price unsustainable, warns of shocks. If low oil prices persist for a long period, some of the current high-cost producers will drop out leaving a supply gap, pushing prices higher.
Maruti Swift turns 15, sells 22 lakh units in India. Suzuki’s global B+ hatchback was the first model to see Maruti’s engineers being closely involved in the project’s development.
Audi India planning to launch RS 7 Sportback soon. Post lockdown, it has been a flurry of performance cars entering the Indian market.
Honda opens pre-bookings for Civic BS-VI diesel
Honda Cars India aims to keep offering diesel trims in four of its models out of the total six products it currently sells in the country.
MG Motor India begins rolling out Hector Plus from Halol plant.
U.S. economy starts long recovery as retail sales post record jump. The reopening last month of nonessential businesses that were shuttered in mid-March to slow the spread of COVID-19 has seen Americans flocking to car dealerships.
Volkswagen to pay $267 million for Audi buyout “Volkswagen AG announced and specified that it has set the cash settlement to be paid to the minority shareholders in return for the transfer of their shares.
Only three days a week in office for Mercedes India, says MD Martin Schwenk
The company’s pre-corona HR policy also had a provision for WFH, but it capped them at three days per month.