This move towards subsidiarisation of the PV business is the first step to secure strategic alliances that provide access to products, architectures, powertrains, new age technologies and capital.

This truck will have hydrogen fuel cell and will have 600 km range.

The association will create a taskforce to evaluate the possibility of manufacturing facemasks, hand-sanitisers by component manufacturers.

Escorts will issue and allot 12,257,688 equity shares through a preferential issue to Kubota at an issue price of Rs 850 per equity share.

This initiative is taken considering the safety of the employees from the current threat of coronavirus outbreak.

The announced facilities include plants in Chennai, Tamil Nadu; Surajpur, Uttar Pradesh; and Faridabad, Haryana.

In response to the virus threat, the automaker has also decided to shut its R&D Center in Rohtak.

This article talks about how India can unleash potential of the auto component industry.

The association also observed that the commercial, passenger and the two wheeler segments will be severely affected.