Amidst rising COVID-19 cases across the country, Hyundai India has decided to halt production at its Chennai-based plant for six days, starting May 10, 2021.
Tata Motors has announced that it has extended the warranty and free service period for its existing passenger vehicle customers. The move comes amidst the growing number of coronavirus cases that has warranted lockdowns and curfews in several parts of the county.
Daimler India Commercial Vehicle (DICV) has announced opening a COVID-19 vaccination centre at its manufacturing facility in Oragadam, near Chennai, Tamil Nadu. The vaccination centre, which can process up to 250 people in a day, has been opened mainly to offer free coronavirus vaccines to Daimler India employees and the local community around the plant.
India's leading automobile dealers association on Monday said sales will take longer to recover than they did after the first wave of COVID-19 infections last year as the virus spreads to villages and smaller towns.
While Japan's biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.
