Category: coronavirus
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Coronavirus impact: New car sales in Europe fall 78.3% in April
Sales of European passenger cars fell in April. Controls have been placed on the coronavirus pandemic throughout the continent. The sales record fell. New car registrations in the EU, UK, and European Free Trade Association (EFTA) countries fell 78.3 percent to 292,182 vehicles. European Auto Industry Association (ACEA) statistics show. Sales in all EU markets…
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JK Tyre bets on automation for the new world order
Sharad Agarwal, Head of IT at JK Tire, believes that while manufacturing is one of the industries most affected by the epidemic, IT can play an important role in increasing the manufacturing sector with the help of multi-process automation. “Initially, 100% of the workforce is not allowed inside the manufacturing unit. IT helps us to…
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Snowman Logistics reinitiates expansion plans at three locations
Integrated temperature-controlled logistics service provider Snowman resumed expansion plans at three new locations on Wednesday. The share buyback stopped after the deal was signed. Gateway Distributions Limited (GDL), its promoter, recently concluded a share buyback deal to sell its 40.25 percent stake in Snowman Logistics to Adlogistics for Rs 295.92 crore. Snowman is the largest…
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Auto parts suppliers hail govt’s six mega moves for MSMEs
The centralized economic stimulus on Micro, Small and Medium Enterprises (MSME) comes just days after Prime Minister Narendra Modi announced a 20 trillion mega package to revive the Indian economy. The Union Finance Minister (FM) has announced six key measures including collateral-free loans, changes in the definition of SMEs, and an increase in the scope…
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Automakers’ advertising and marketing strategy in this age of social distancing
Lean is ‘in’ these days – and auto showrooms will be the most shining ambassadors of this management method. The drive toward achieving this goal will likely have a ‘digital’ powertrain. Singed by financing costs of unsold inventory, dealers and vehicle makers want minimum stocking in yards and sales touchpoints. Digital bookings for sales and…