Indian auto exports stuck at Bangladesh border, Auto News, ET Auto

According to local sources that ETAuto spoke to, there are nearly 3000 goods trucks and freighters carrying perishables items, in addition to the auto inventory, that are stuck at the border.
In accordance to nearby resources that ETAuto spoke to, there are practically 3000 items trucks and freighters carrying perishables goods, in addition to the car stock, that are caught at the border.

New Delhi: There doesn’t appear to be an stop to the woes of the Indian automotive business, even as the restrictions on lockdown begin to be eased drastically and the domestic factories stutter back into action, export stock well worth crores is caught at the India-Bangladesh border.

The Indian automotive industry’s exports to Bangladesh have been caught at the border city of Petrapole land port in West Bengal,

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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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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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