Hyundai Motor India Ltd has announced series of initiatives to extend support to its employees during the second wave of coronavirus in the country. The company has prioritised safety of its employees and workforce.

Under these agreements, CESL and the private companies will jointly undertake the expansion and adoption of EV ecosystem.

Yamaha India slashed the price of two quarter-litre premium category bikes due to a reduction in input cost. The price of the FZ 25 has been reduced by Rs 18,800 and that of FZS 25 by Rs 19,300.

According to the National Statistical Office (NSO) estimates, India’s GDP growth of 1.6% in the 4th quarter of 2020-21 was driven by the manufacturing sector.

Ritaj International General Trade LLC has been the distribution partner for the company since 2017. The company has 41 touchpoints across the country.

Emkay Global Financial Services released its Automobiles report recently, according to which the May’21 volumes were likely to be hit by the second Covid-19 wave and lockdowns across states.

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.

The government of Karnataka will soon allow industries to reopen following strict Covid-19 protocols. A joint request was sent to the Chief Minister after the announcement of an extension of lockdown.

A top official of JK Tyre and Industries confirmed that there is a Capex plan of around Rs 2 billion to be spent on the maintenance and debottlenecking of all the plants in FY 22 to increase operational efficiency.