Coronavirus Lockdown News

Renault finalised on Wednesday a 5 billion euro ($5.60 billion) loan from with the French government, strengthening the carmaker's finances in the wake of the coronavirus pandemic which has ravaged the auto industry.

Hyundai SUVs like recently launched Creta and the Venue account for nearly two-thirds of sales the company has managed through its online sales platform.

Volvo Cars, owned by China's Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets.

The Federation of Automobile Dealers Associations (FADA) has recently requested for an upward revision of the fixed dealer margin on vehicles to 7 per cent of the selling price. The dealers' association says that it has sent out multiple communications to Society of Indian Automobile Manufacturers (SIAM), who on their part have conveyed the same to all manufacturers.

Indian cricket legend has chosen the Mahindra Tractor to do activities at his farm in his hometown Ranchi, Jharkhand.

As the auto industry is slowly moving towards its new normal, the carmakers are making a positive approach to defeat the coronavirus and overcome the crisis caused by the outbreak, by taking all the necessary safety measures. Several carmakers have resumed operations at their manufacturing plants by obtaining all the required permissions from the regulatory bodies. As safety is of paramount importance, India's leading car manufacturer has introduced special COVID-19 accessories for its customers. The carmaker has launched a range of protective gear which will help its customers fight against the coronavirus.

General Motors Co should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a two-month shutdown in North American production as part of efforts to halt the spread of COVID-19, its top executive said on Tuesday.

The Indian passenger car industry and registered a 48 per cent decline in Year-To-Date (YTD) vehicle sales, in the 2020 calendar year, as per the recent data shared by automotive insights and analytics provider, JATO Dynamics India.