Coronavirus Lockdown News

Out of the ten best-selling cars in July 2020, seven came from Maruti Suzuki India, two came from Hyundai India, and one was from Kia Motors India. As per JATO India, these ten models accounted for more than half of passenger vehicle sales in July.

Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.

BMW expects to make a profit this year if demand continues to recover, despite posting a record loss for its car division in the second quarter after sales slumped 25% because of coronavirus lockdowns, it said on Wednesday.

Japanese automakers' China sales grew by more than 10% from a year earlier in July as the world's biggest auto market sustained its recovery.

Google's data suggests that while the intent to buy cars in India was down by 35 per cent during the lockdown period, it is now back to the pre-lockdown levels. Automakers need to be more actively engage online as more and more people spending time online searching for new vehicles.

Ford Motor Co named Jim Farley its new chief executive on Tuesday as the No. 2 U.S. automaker wrestled with restructuring its global operations amid the ravages of the coronavirus crisis that has forced it to take on large amounts of debt.

Toyota India on Monday has confirmed sixteen new cases of Covid-19 over the last three days, including twelves Toyota employees, three apprentices and one contract staff. The company had previously reported three and ten new cases of Coronavirus on July 30 and July 31, respectively. The infected employees had last attended work on 21st, 23rd, 24th, 28th, 29th, 30th, 31st July & 1st August 2020. Despite a huge increase in Covid-19 positive cases, the Japanese automobile manufacturer hasn't suspended its operation at the plant but assures necessary safety measures being followed at the facility.

Recent media reports suggest that Tata Motors is transferring its passenger vehicle business to a wholly-owned subsidiary and plans to sell up to 49 per cent stake in the PV business to a foreign company. However, Tata has told carandbike that the reports are baseless and without any merit.