According to a study, the global automobile industry has been able to earn more operational money than before the corona crisis. Q1, 2021 seems to be favourable for the industry.

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) announced its recommencement of production at its plants in Manesar (Haryana), Tapukara (Rajasthan) and Vithalapur (Gujarat) in a staggered manner.

The company introduced the ‘Covid-Shield’ program for COVID-relief measures for dealerships. It includes a financial aid of Rs 20,000 for select dealership employees, if tested positive for COVID-19.

According to a report, Nissan is planning investment of $1.8 billion for building new EV battery plants in Japan and the United Kingdom. The aim is to deliver batteries to power 700,000 EVs by 2024.

In order to complete its sale process, SsangYong Motors, a South Korean auto firm, is looking for a new majority investor by the end of October.

Auto component maker Pricol reported a growth in revenue for the January-March quarter of 2021. This growth was recorded after two successive years of loss.

It is expected that the automotive components sector will see a rebound in its revenue for about 21-23% due to an increase in the domestic and export demand, as per a research analysis by CRISIL.

Goodyear India Limited reports, approved by the Board of Directors and the audited results were presented for the financial year 2020-2021. The total income increased by 50% and was Rs 5.74 billion.

A comprehensive package to support dealer employees has been announced by VE Commercial Vehicle. Eicher truck and bus customers, dealers will be provided COVID insurance as they continue to operate.