Industry experts, Auto News, ET Auto

At present, the overall automotive component consumption in India stands at about $60 billion annually.
At existing, the over-all automotive component usage in India stands at about $60 billion per year.

New Delhi: For the Indian automobile sector, one particular of the optimistic and lasting impacts of the coronavirus pandemic will definitely be a solid transformation to localised supply-chains.

In the third episode of on the internet CXO roundtable collection organised by ETAuto.com, in association with Siemens, some of the major market leaders talked about the way to achieve this concentrate on. Appreciating the government’s most-touted phased producing programme (PMP), Arvind Kapur Chairman of vehicle component producing business Rico Vehicle reported that the component market

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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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Volvo Car USA CEO Anders Gustafsson says virus should be catalyst for industry change

Gustafsson, 51, spoke last month with Staff members Reporter Urvaksh Karkaria about the company’s coronavirus response, the income outlook and the prospects for Volvo’s controversial subscription method. Right here are edited excerpts.

Q: How are you running functions in the course of this interval of uncertainty?

A: We took a final decision to empower the three locations in the U.S. We used a large amount of time receiving absolutely everyone on board with the strategy, and then it truly is up to them to acquire quickly selections centered on their marketplace circumstances.

We are not likely to have any big

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Hertz files for Chapter 11 bankruptcy in US | Automotive Industry News

A Information From The Editor

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France to inject more than EUR8bn into auto sector | Automotive Industry News

A Information From The Editor

just-car offers its paid out users access to the very greatest automotive current market coverage.

And now there is just-car moreover, our premium membership that offers you special part forecast data, organization profiles and prolonged news coverage – just for premium users.

Right now I can offer you you 30 times access for $1 – and that features just-car moreover.

Dave Leggett, editor of just-car

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