Hero MotoCorp To Remain Shut For Four Days Till Aug 18
In a regulatory filing, Hero MotoCorp said its manufacturing facilities will be closed from August 15 to 18, 2019.
Automotive
Passenger Vehicle Sales Drop 31% In July, Sees 9th Consecutive Fall
Motorcycle and scooters sales fell 16.8% to about 1.51 million units, while passenger car sales fell 36% to 122,956 units.
Maruti XL6 Bookings Begin At NEXA For ₹11,000, To Be Launched On August 21
XL6 comes with full LED headlamps, which not only enhances the car’s visual appeal but will also offer improved visibility at night.
Indian Auto Sector Goes Through Crisis, Over 4,65,000 People Lose Jobs
The auto sector, which contributes more than seven percent of India’s gross domestic product, is facing one of its worst downturns.
Maruti July Sales Decline By 36%, Highest In Two Decades
Net profit fell 27.3% year-on-year to ₹1,435.5 crore, while the company’s net sales during the period fell 14.1% to Rs18,735.2 crore.
Tech Mahindra Goes Down Further In June Quarter
Tech Mahindra’s shares had underperformed in the market after its revenue growth went down sharply in the March quarter. Profit margins narrowed at a higher-than-expected […]