“Hyundai Motors reported a decline of 52% year-on-year in Q2 2020 operating profit due to low demand for new vehicles in the overseas market. The company’s operating profit fell to US$492m (... Read more
The Indian automotive industry has been hit hard by the COVID-19 pandemic. Zero sales in April, limited resumption of economic activities in May and the increasing number of new COVID-19 cas... Read more
Apollo Tyres is aiming for leadership in the premium two-wheeler segment in India, and service the global markets with high-end bias and steel radial tyres. The premium segment constitutes n... Read more
Automotive sales witnessed noticeable growth in June 2020 after meagre sales in April and May. Retail activities picked up as the country witnessed relaxation in lockdown norms in most regio... Read more
Nissan Africa, Middle East and India (AMI) today unveiled a comprehensive four-year strategy for the region under the company’s Global Transformation Plan. The AMI business plan aligns with... Read more
Leading tire manufacturer Apollo Tyres serves as the Global Tire Partner of the famous football club, Manchester United. The two partners have teamed up to launch the United We Play program... Read more
BKT, a specialty tire manufacturer based in India which makes agricultural, industrial and OTR tires has revealed plans to invest a huge amount between USD 500 million and USD 550 million in... Read more
Volkswagen’s subsidiary in India, Volkswagen India announced that the company has merged its three passenger car subsidiaries — Volkswagen India, Volkswagen Group Sales India and Skoda... Read more
Ford Motor has announced that it is selling 51 percent of its operations in India to leading Indian automotive manufacturer, Mahindra. This sale is part of the company’s plans to enter into... Read more
Taiwanese tire manufacturer, Maxxis Tyres has announced that the company plans to set up five factories in India as part of its quest to become a big player in the global tire market. Maxxis... Read more
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