Passenger vehicle exports in India log marginal growth in 2019-20

car manufacturing india

Indian passenger vehicle exports observed a marginal increase during the last fiscal, with Hyundai leading the segment with dispatches to various worldwide markets, as per the recent data by Society of Indian Automobile Manufacturers (SIAM). PV exports stood at 6,77,311 units in the previous fiscal as against 6,76,192 units in 2018-19, a marginal increase of 0.17 […]

Japan auto industry vows to protect jobs in coronavirus crisis

Tokyo, Japan

Toyota CEO Akio Toyoda vowed Friday that the Japanese auto industry would seek to protect jobs globally as it deals with the coronavirus pandemic. Toyoda, speaking as head of the Japan Automobile Manufacturers Association, stated he was concerned that the Japanese economy might be destroyed before the world can win the fight against COVID-19 coronavirus. “If our hospitals get overloaded […]

Kongsberg Automotive cuts 7,000 jobs amid coronavirus spread

Kongsberg Automotive

Auto parts maker Kongsberg Automotive has terminated or furloughed two-thirds of workers in recent weeks as demand declined due to coronavirus pandemic, slashing full-time staff by about 7,000 people, the firm stated on Friday. The company, headquartered in Zurich and listed in Oslo, prepares to raise about 100 million euros ($108.4 million) in stocks and convertible […]

Czech car registrations dropped 36% in March as coronavirus spreads

Prague, Czech Republic

Czech new passenger car registrations declined by 36% year-on-year to 13,685 in March as dealerships shut down because of the measures taken to reduce the spread of the new coronavirus, the Car Importers’ Association stated on Friday. The drop put first-quarter sales at 50,194, dropping 15.8% from 59,616 a year earlier. Volkswagen‘s Skoda Auto led the market […]

China may ease electric car quotas, delay emission rules to increase production

china cars

China is considering temporarily easing quotas designed to increase production of electric cars to help automakers hit by the coronavirus pandemic to revive declining sales, people knowledgeable with the matter said. Policymakers in the world’s biggest auto market may also postpone the implementation of a new emission particle restriction by six months to assist the auto industry, […]

China may release new policies to encourage auto demand, says minister

china cars

China may release new policies to encourage demand for automobiles, with the country’s auto industry still dealing with difficulties, Xin Guobin, vice minister of industry and information technology, stated on Monday. There is still not enough demand for automobiles, Xin informed reporters, as the outbreak of the coronavirus has significantly cut private consumption. About 81,518 people in […]

Electric car subsidies extended in £1.3 billion green vehicles drive in UK

a busy london street

The UK government revealed a £1.3 billion ($1.66 billion) effort to clean up Britain’s cars in its Budget with additional subsidies for electric vehicle buyers and an increase for charging stations, along with funds to curb inner-city pollution. The plans were welcomed by the automotive industry, which is attempting to increase sales of battery cars […]