Action-packed launches: From 6-seater MPV to a cutting-edge performance car, the upcoming week would see it all. Hyundai Motor India is set to introduce the new-generation Tuscon, which was displayed at the Auto Expo. Similarly, MG Motor India will bring in a feature-rich MPV in the form of Hector Plus.
However, all eyes will be on the 5th generation Honda City, which will finally be launched after months of delay. Audi India is also planning to drive in its performance icon RS7 Sportback in the period.
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The diesel logic: With the ongoing fuel price hike and petrol and diesel prices achieving parity, Maruti Suzuki reiterated its stand against small capacity Diesel engines, stating that there is no economic logic. The statement reflects the current state of the automobile market in India, as diesel and petrol cars now come with the same running cost but the acquisition cost differs a lot.
Who let the workers out: The Bajaj Auto’s Aurangabad plant seems to be amidst chaos as the workers have refused to report due to the rising cases of Covid-19 at the factory. According to the Bajaj Auto Workers’ Union, 400 people have already been found positive and at least five workers have succumbed to the virus. The situation is a big threat to the 8,000 on-roll employees out of which 3,000 are permanent.
Investments in China snubbed: With about Rs 900 crore worth trade deals with China being reduced in a phased manner, Hero Cycles is moving towards self-reliance. “We had a buying plan of about Rs 900 crores which will be done in India. It will be reduced in a phased manner. We have changed our strategy, we will be self-reliant,” Chairman and CMD Pankaj Munjal responded to the cancellation of orders from China.
BS4 conundrum: The Supreme Court has wondered how BS4 vehicles were sold in March during the Covid-19 induced lockdown across the country and said it would have to examine whether these transactions were “genuine” or “backdated”. The apex court observed that it “passes comprehension” how sale of Bharat Stage (BS)4 vehicles could have taken place during the period of lockdown, which had commenced in India from March 25 to contain the spread of coronavirus.
Revival scenes?: TVS Motor Company expects the business environment to remain challenging for the most part of the current financial year due to the coronavirus pandemic with chances of some revival only in the latter part of the year.