Renault India hikes employees’ salary upto 15% despite Covid-19 shock, Auto News, ET Auto

India has already broken into the top 10 markets for Renault globally and with the exit from China earlier in the year, the stakes on India are set to go up further.
India has by now damaged into the top ten markets for Renault globally and with the exit from China earlier in the year, the stakes on India are set to go up more.

Mumbai: French automobile maker Renault India is incentivizing around 250 workforce with a pay back raise of up to fifteen% for the present-day monetary year soon after possessing bucked the pattern in 2019 by becoming the solitary company to sign-up advancement.

The hike for FY-21 is even larger than FY-20 for RIPL wherein the company available a hike of just ten-twelve%~

Irrespective of the lockdown drying

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Auto industry may fall out of gear this fiscal, Auto News, ET Auto

Automakers could witness a margin compression of 2-5%, according to an analysis by ETIG, as India emerges from the lockdown.
Automakers could witness a margin compression of two-5%, according to an evaluation by ETIG, as India emerges from the lockdown.

Mumbai: The Indian car marketplace could submit an combination fall of 20%, or Rs 75,000 crore ($ten billion), in profits and a drop of 40%, or Rs 15,000 crore, in functioning gain with factories set to run at file minimal utilisation levels this fiscal calendar year.

Automakers could witness a margin compression of two-5%, according to an evaluation by ETIG, as India emerges from the lockdown. FY20 profits and functioning gain are pegged at about Rs 3.5-3.7 lakh crore and

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Motor insurance claims rise as India hits the road again, Auto News, ET Auto

While the claim frequency is still below the routine pre-Covid levels, the opening up of offices and relaxations in green and orange zones have caused accidents and maintenance related own-damage (OD) claims to surge in May to 50-60% of the normal.
Whilst the assert frequency is continue to under the routine pre-Covid levels, the opening up of places of work and relaxations in environmentally friendly and orange zones have brought about accidents and upkeep similar have-harm (OD) statements to surge in Might to 50-sixty% of the usual.

Mumbai: In an early indication of road visitors returning to normalcy throughout the nation immediately after a entire nationwide shutdown, motor insurance policy statements with best insurers have surged in Might.

Whilst the assert frequency is continue to under the routine pre-Covid levels, the opening up of places of work and relaxations in environmentally

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Rajiv Bajaj, Auto News, ET Auto

Rajiv Bajaj said that this kind of a lockdown has not happened anywhere in the world.
Rajiv Bajaj mentioned that this variety of a lockdown has not transpired anyplace in the earth.

New Delhi: The draconian lockdown imposed in India has decimated the economic climate, mentioned Rajiv Bajaj, Managing Director, Bajaj Auto.

“It has flattened the incorrect curve – not the an infection curve, but the GDP curve,” he pointed, though incorporating that it has still left the place with the worst of both the worlds.

Bajaj further included that this variety of a lockdown has not transpired anyplace in the earth- to physically constrain you to your dwelling and see absolutely no a person.

Also

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2021 Audi A8 Review, Ratings, Specs, Prices, and Photos

Packed with standard and optional equipment and obtainable in a wide range of products, the 2021 Audi A8 wears its flagship position well. The aspect sets teamed with the high-tech infotainment system and advanced driver-aid technologies qualifies the A8 as a 9 out of 10 for options on our scale. 

Audi offers the A8 in only the extensive wheelbase L body types and in four products that consist of A8 fifty five TFSI, A8 60 TFSI, A8 60 TFSI e, and S8. The base model is even greater equipped for 2021 with heated seats that include cooling and 22-way electricity

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