China auto sales mark first gain in nearly 2 years as restrictions ease

china cars

China’s monthly auto sales increased for the first time in nearly two years in April, industry data revealed, as more customers visited showrooms after the economy started to open up and officials eased coronavirus-related travel restrictions. Auto sales in April hit 2.07 million units in the country, increasing 4.4% from a year earlier according the China Association of Automobile Manufacturers (CAAM), […]

Leading Indian automakers had zero sales in April

Indian road traffic

India’s top automakers couldn’t ship a single automobile to dealers in April as they closed production after Prime Minister Narendra Modi announced the world’s biggest stay-at-home restrictions in a bid to stop Covid-19 coronavirus from spreading. Maruti Suzuki India, which produces about half the cars on the country’s roads, and Mahindra & Mahindra, the nation’s […]

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 […]