Miffed hotels, restaurants stare at huge losses on account of advance planning for events that they now have to shelve.
In spite of straddling the market with multiple competitively priced models, GM was pushed to the fringes by the rivals from Japan and Korea.
From free salons to discounted room rates, hotels are offering it all.
With 15 models and a market share of close to 50 per cent, it rules the Indian market, selling almost 1.5 million units every year, rolling out one model every ten seconds.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
Higher exports will also drive up volumes, as the company seeks to avail of the benefits under the government's recently announced production linked incentive scheme.
This crisis has arisen just as demand in India's auto sector started seeing some sort of revival after the nationwide lockdown in March/April.
When Jawa Motorcycles owner Jiri Gerle sold the legendary but defunct brand to Classic Legends (part-owned by Mahindra & Mahindra), he had one request to the new owners: Please do bring the brand back to its homeland -- the Czech Republic.
Production at the maker of Innova and Fortuner has been crippled and it's operating at less than 10 per cent capacity.
Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.
NBFCs with a proven track record, supported by the brand values of reputed corporate, can play a key role in bringing the benefits of banking and economy to the underserved and newer segments of India.
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
Battered by the Covid-19 pandemic, the maker of the Fortuner and Innova models is staring at a steep loss in the ongoing financial year.
Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them.
The luxury car market leader will be producing the new-generation cars, sedans, SUVs, and AMG performance cars at one facility.
In September, sales of 125cc models - that include the Hero Glamour, Splendor, Pulsar 125, Victor Star City, among others - grew by a whopping 30 per cent over the same period a year ago to 305,615 units.
Few of these highly sought-after socialising and networking hubs are seeing much activity as regulars are missing in action.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
The maker of Pulsar and Discover reported a net profit of Rs 1,138.20 crore in the second quarter, compared to Rs 1,402.42 crore a year ago.
Goa, Kerala, Maldives and Dubai are among the popular destinations.
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