Vehicle manufacturers have assured their dealer partners of financial and other support as they are facing a major crisis due to the lockdown coupled with unsold BS-IV inventory.
High-level delegates from China government-owned SUV maker have been regularly visiting India for the last few months and have finalised several decisions pertaining to its India entry, three sources aware of the matter told ET.
China’s largest SUV maker, Great Wall Motors, has registered an Indian subsidiary with plans of investment.
Will give 5-year extended warranty on small diesel cars to bring confidence to the market.
The Indian auto component industry contributes 2.3% to the GDP and employs about 5 million people.
With its series B fundraise, the firm is looking to rapidly increase its fleet size within Delhi-NCR as well as other key cities around India.
Auto, tech companies must complement, not compete: Christian Ledoux, head of Renault-Nissan-Mitsubishi Alliance Mobility Services
Christian Ledoux, head of Renault-Nissan-Mitsubishi alliance sees ridesharing as the ultimate solution to increasing congestion in the cities.
The executive board will not only be tracking the dynamic changes in the Indian automotive industry but also become a bridge between Suzuki and external shareholders.
Daimler India Commercial Vehicles, which started operations in 2012, broke even in 2018 when it clocked 35% growth in truck sales to 22,532 units.
Blackstone will own 62 per cent of the merged company.
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