Category: coronavirus
-
50,000 crore loss to the logistics sector due to lockdown; Relief Package Required: Industry Body ICC
The logistics sector is estimated to cost Rs 50,000 crore due to coronavirus lockdown. Industrial Credit ICC called for a mitigation package for the industry on Thursday. “The growing logistics sector is one of the biggest risks in India,” the Indian Chamber of Commerce (ICC) said in a statement. “When the lockdown was extended on…
-
Is the supply chain ready for zero-emission vehicles?
Here is a growing interest in zero-emission vehicles that have environmental and air quality issues. Electric vehicles, in particular, are emerging in major markets around the world. In Norway, the conference represented 56% of new car registrations held in March. In the UK, EV volumes are only 4.6% of the new car market. But the…
-
COVID-19, trade war: Manufacturing shift to hit China, but will India gain?
The sudden rise in global coronavirus cases (COVID-19) over the past few weeks have not only shadowed global financial markets but has hampered the economic activity of major countries, particularly the virus in the midst of trade with China before the spread of coronavirus. In this case, most analysts have revised down their global growth…
-
1/10 Auto Dealers may face closure
Even after the lockdown, auto sales are uncertain and many small and medium-sized vehicle dealers are looking to close the store or merge their businesses with larger dealers. There are currently 15,000 auto dealerships across India (including 2,3 and 4 wheelers). Famous people said they plan to close at least 8-10 percent of these dealerships…
-
Mahindra plant in Michigan creates new ‘arsenal of health’ to combat COVID-19
Indian automaker Mahindra has partnered with Michigan General Motors Company and Ford Motor Company in its “Arsenal of Health” efforts to create a Medical Personnel Protection Equipment (PPE) for health workers struggling with Kovid-19. More than 20 Mahindra employees make medical shields from windshields at the Michigan plant. Doctors, nurses, local front-line health care workers…