News May 26, 2021 Yulu to supply free oxygen concentrators to Covid patients Free medical-grade oxygen concentrators will be supplied by Yulu to Covid-19 patients at their doorsteps as a part of its ‘Pranvayu’ initiative. The sports brand PUMA is supporting this initiative.
News May 24, 2021 Kia India contributes Rs 50 million to AP Government for COVID-19 The amount of Rs 50 million will go to the APSDMA for supporting the state during the second wave of COVID-19. During the first wave, Kia had contributed Rs 20 million as CSR to the CM Relief Fund.
News May 21, 2021 Hard Times for Auto MSMEs Due to Lack of Cash, Labourers, and Orders The capacity utilisation of the majority of the auto sector MSMEs has started falling since mid-April 2021 due to cash inflow disruption, lack of orders, and labour shortage.
News May 19, 2021 Okinawa Autotech to invest Rs 1.5 bn in product portfolio expansion Okinawa Autotech has reported revenues of Rs 1.55 billion and sales of 30,930 units of electric two-wheelers in FY21.
News May 19, 2021 COVID crisis: Tata Motors shuts down its Jamshedpur plant for 5 days The company has undertaken a Block Closure from May 18 to May 22 due to the rise in COVID-19 cases in the state. The company will use the time to conduct its annual maintenance activities.
News May 18, 2021 Hero MotoCorp to launch an electric vehicle next year The company has partnered with Taiwan-based Gogoro Inc to bring its battery-swapping platform to India via EV development and launch a Hero-branded, Gogoro network-based vehicle.
News May 18, 2021 Stellantis to lay off 1600 workers due to global semiconductor shortage The US arm of Stellantis will cut one of the two work shifts at its Belvidere assembly plant from July 26, 2021. The factory’s situation is worsened by the severe global microchip shortage.
News May 17, 2021 Steelbird International extends support to frontline workers with SB-N95 masks Steelbird International had started manufacturing of the facemask last year. They will also courier these masks to their employees and labour force.
News May 17, 2021 Lumax Group plans Rs 2.5 bn capex for new plant and expansion Lumax Group is investing Rs 2.5 billion in capital expenditure for an electronics plant in Haryana and has augmented capacity at the Sanand plant in Gujarat. The Lumax-DK Jain Group supplies auto parts to its 33 plants.