Day: June 6, 2020

Creta is the largest selling product for Hyundai India, Auto News, ET Auto

Creta signals the change in times where customers are going beyond price and body shape and making Indians’ aspirants for safer and better cars.
Creta signals the alter in situations wherever consumers are likely over and above rate and human body form and producing Indians’ aspirants for safer and improved autos.

New Delhi: Creta is the most significant retailed design in Might. Its historic in by itself as for the to start with time an SUV has replaced hatchback as the bestseller in the state signalling inherent vigor of the Indian purchaser.

It also spells a potent signal of switching situations when the Korean may well is rising towards the rival Japanese dominance and a lesson for Indian gamers who pioneered the start of

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Impact on sourcing due to mass exodus of companies from China, Auto News, ET Auto

By Abhishek Agrawal

What is prompting providers to change production from China?

More than the past two decades, China has served as the production hub for providers in a number of industries globally. However, trade war with the US, increasing price of labor, lack of manpower and the recent COVID–19 pandemic may perhaps make it complicated for China to keep its placement as the epicenter of production.

Essential Motorists for the Change

Since early 2019, production providers throughout the world have been on the lookout to reduce their provide chain dependence on China. The outbreak of the pandemic has intensified

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Jaguar Land Rover raises $705 million loan from Chinese banks, Auto News, ET Auto

The loan facility &quotcan help JLR China better manage cash flow amid the coronavirus epidemic&quot, Yu told reporters on Friday.
The loan facility “can help JLR China improved control cash circulation amid the coronavirus epidemic”, Yu advised reporters on Friday.

SHANGHAI: Jaguar Land Rover (JLR), owned by India’s Tata Motors, has entered into agreements with loan providers in China for a secured phrase loan facility of five billion yuan ($704.fifty million), marking its to start with debt funding in China, it reported.

Arthur Yu, JLR’s vice president and China chief fiscal officer, reported the Chinese banking companies that would provide it with the three-calendar year revolving loan consist of Financial institution of China, ICBC, China Development Financial institution, Financial institution

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Kia Motors and MG Motor India consolidate leadership position in SUVs amid slowdown, Auto News, ET Auto

The Seltos had ended 2019 with a market share of 19 percent, despite commencing sales only in August.
The Seltos experienced finished 2019 with a market share of 19 per cent, even with commencing sales only in August.

NEW DELHI: Kia Motors and MG Motor have consolidated their management positions in two essential SUV segments with the Seltos and Hector, even as India’s auto market is passing as a result of its most tough periods.

The Kia Seltos held a fifty eight% share of the mid-sizing SUV market in the 1st five months of 2020. The MG Hector way too accounted for far more than fifty percent the total sales the premium SUV place. The two businesses are

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Covid-19 impact on auto ancillaries: Opinion: Auto ancillaries

Factories are slowly coming out of the clampdown not to normalcy but amidst continuing fight against the virus, placing additional burden on management.
Factories are gradually coming out of the clampdown not to normalcy but amidst continuing fight in opposition to the virus, placing added burden on management.

By V D Umashanker

The worries that producing industries are going through following full shut down for two months is unparalleled. For the car ancillary industries it is specially far more advanced for the reason that of the character of the sector, higher money prices, quite remarkably diversified range of components coming alongside one another, dependence on many suppliers, largely in the MSME sector and the higher requires placed by OEMs on excellent, cost and
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