Ashok Leyland expects new LCV platform to double addressable market, Auto News, ET Auto

The Chennai-based company launched its first two LCV products, Bada Dost i3 and i4, built on the new in-house developed platform on Monday.
The Chennai-dependent corporation introduced its to start with two LCV products, Bada Dost i3 and i4, created on the new in-dwelling created platform on Monday.

New Delhi: Major commercial auto company Ashok Leyland’s new light commercial auto (LCV) portfolio that will be available in diesel, CNG and electrical options could double its overall addressable sector in 1-2 years and have a nutritious affect on earnings margins, 1 of its major executives explained.

“Today, the corporation addresses only 34% of the LCV sector. With the start of all the products in this platform, our addressable sector will move to 65% which

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German truck maker MAN to cut up to quarter of staff, Auto News, ET Auto


Frankfurt am Major: German truck and bus company Man claimed Friday it will reduce up to one in 4 of its workers as it seems to be to make an “extensive restructuring”, with the coronavirus pandemic battering the business.

The Munich-primarily based business claimed it would lay off as several as nine,500 careers in Germany and Austria as it seems to be to help save 1.eight billion euros ($two.1 billion) every year.

Two web sites in Germany and one web site in Austria may perhaps be closed.

Man noted an working reduction of 423 million euros ($500

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Auto Inc reflects a mixed bag of sales, pins hope on festive season, Auto News, ET Auto

As per analysts, automakers are likely to report an increase in the purchase of vehicles during this time of the year.
As for every analysts, automakers are probably to report an increase in the order of autos during this time of the year.

New Delhi: A sequential increase in the month-on-month revenue for each and every section has been brewing hope for the normally pressured automotive marketplace. On the other hand, the August 2020 cheer does not stem from a sustainable demand. Analysts forecast that with the festive period accounting for forty% of the general annual revenue, automakers are probably to report an increase in auto revenue during this time of the year.

In the opinion of Rajesh Menon, director common,

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Auto component industry seeks long term roadmap for regulatory changes, Auto News, ET Auto

If the Indian economy has to grow back, the auto sector will play an extremely vital role, Jain noted.
If the Indian economic climate has to increase again, the car sector will enjoy an incredibly vital part, Jain observed.

New Delhi: The car component marketplace is in search of a “breather” in conditions of introduction of new laws and a extensive-phrase roadmap for rolling out new norms for the sector in order to get ready accordingly for the changeover which entails heavy investments, marketplace human body ACMA has said.

The marketplace, which accounts for all around two.three per cent of the country’s GDP, has been battling of late thanks to a prolonged downturn in the car marketplace as a

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Mahindra & Mahindra terminates share purchase pact with CLP India, Auto News, ET Auto

As per the agreement CLP was to buy 93,15,000 equity shares of Rs 10 each of NSPL at a price of Rs 112.37 per share aggregating to Rs 104.67 crore.
As per the arrangement CLP was to get ninety three,15,000 equity shares of Rs 10 every single of NSPL at a value of Rs 112.37 per share aggregating to Rs 104.67 crore.

NEW DELHI: Mahindra & Mahindra on Friday claimed it has terminated share purchase arrangement with CLP India to sell the total stake held by its stage down arm Mahindra Renewables in Neo Solren Pvt Ltd (NSPL) for Rs 104.67 crore.

In February this yr, M&M experienced declared that its wholly-owned arm Mahindra Renewables would sell its total stake in three subsidiaries to CLP India, a section of Hong

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