Coronavirus Lockdown News

China's Geely Automobile Holdings Ltd said on Monday first-half net profit fell 43%, as the coronavirus outbreak slammed the brakes on auto sales in the world's biggest market. Geely, China's highest-profile automaker globally due to the group's investments in Volvo Cars and Daimler AG, posted January-June profit of 2.3 billion yuan ($331.37 million), versus 4.01 billion yuan in the same period a year prior.

Toyota India on Saturday reported sixteen new cases of Covid-19 among its employees. The infected employees had last attended work on 5th, 6th, 7th, 10th, 11th & 12th August 2020. A total of 87 positive cases of COVID-19 have been reported from Toyota's Bidadi plant in less than a week. The Japanese carmaker has quarantined these employees who are suspected to have had primary or secondary contact with the infected employees through appropriate contact tracing, which is in-line with government guidelines. The company will continue its operation at the plant assuring necessary safety measures taken at the facility.

Toyota Motor Corp and Mazda Motor Corp said on Thursday they will invest $2.3 billion (1.76 billion pounds) in a new joint venture factory in Alabama, $830 million more than announced in their original plan in 2018.

Japanese trading house Mitsubishi Corp said it had a difficult first quarter as net profit plunged 77% due to the coronavirus pandemic, which it said is likely to wipe 300 billion yen ($2.8 billion) off its full-year profit.

The National Payments Corporation of India (NPCI) has reported receiving over 86 million FASTag transactions under the National Electronic Toll Collection (NETC) programme, in the month of July 2020.

India's fuel demand dragged lower in July, posting its fifth consecutive year-on-year decline, government data showed on Tuesday as a spike in coronavirus cases and floods in many parts of the country restricted economic activity.

When compared to July 2019 the Indian passenger vehicle segment has seen a negative growth of 14 per cent.

Tata Motors has rolled out an array of health and hygiene accessories for its customers. These will be offered to all car owners across its outlets in the country. According to the company, the accessories have been designed to provide car owners with an additional level of safety for their new & existing Tata cars. The accessories have been decided upon, given the coronavirus pandemic in the country and hence include a air purifier, an air filer and a sanitization kit.