Domestic sales in March were 5,336 units, deeply impacted by the COVID-19 lockdown as well as the planned transition to BS VI norms.
China requires automakers doing business in the country to follow strict rules covering the production of so-called new energy vehicles (NEVs) as part of a quota system.
Consolidation of TG SIN will result in several synergies like an optimal production system, flexible supply chain, complementary product lines and customer synergies.
Credit ratings agency Moody's Investors Service said in a report last month it expects global sales for the auto industry to slide 14% this year.
" FIOM representative Michele De Palma told Reuters, correcting an earlier FIOM statement which said a delay was "certain" given the current situation.
"Olacabs has agreed to give 500 OLA vehicles for #Covid_19 related activities in Karnataka. These vehicles will be used by the government for commute by doctors and Covid 19 related activities.
Kia has suspended production at its Georgia plant in the United States, its Slovakia site and operations in India due to the coronavirus pandemic.
Ashok Leyland is the flagship company of Hinduja Group and India's largest commercial vehicle manufacturer. It recently became the third-largest bus maker in the world.
Already in severe slowdown, COVID-19 outbreak and lockdown will further impact the domestic car, two-wheeler and commercial vehicle business
Ford and GE Healthcare will expand the production of GE's ventilator design to support patients with respiratory failure or difficulty breathing caused by the pathogen.
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