The automobile industry has been facing several issues in the smooth running of businesses due to the coronavirus impact. While many car companies have resumed manufacturing and business operations at factories and offices around the world, the past few months have been tough on the books for the entire industry. Luxury automobile manufacturers on the…
Toyota Kirloskar Motor India Ltd recently notified that two of its employees at the Bidadi manufacturing plant near Bengaluru, have tested positive for COVID-19. The company said that due to health and safety concerns of other employees, it has temporarily suspended operations at the plant. The automaker said in a statement that the two employees…
Layoffs at new-age startups are becoming more and more common during the coronavirus pandemic. As company’s struggle to keep business floating during this unprecedented crisis, layoffs have become a common tool to conserve cash. Joining the likes of many others, used car marketplace CarDekho has recently laid off over 200 employees. According to an Entrackr…
After a long halt of more than a month due to the government mandated lockdown, BMW Group India announced that it has resumed operations at Plant Chennai in accordance with guidelines issued by local authorities. The company said that Local production at the plant will be started with less than 50% of the regular workforce.…
Reportlinker releases its full report on the automobile industry in the Asian region. As per the report findings, the automotive alternator market is expected to register a CAGR of over 6.02%, during the forecast period, 2020 – 2025. The growing demand for hybrid powertrain systems in vehicles and stringent emission norms are the major factors…