Toyota Missed April Production Target Due To Parts Shortage
Japan’s largest automobile company Toyota said on Monday that it missed the global production target for April due to the COVID-19 outbreak and parts shortage that slowed its post-pandemic recovery. Toyota is the world’s largest vehicle producer by sales, produced 692,259 vehicles last month, a 9.1% drop from the same month of last year and…
Himanshu
Mahindra Group Likely To Split Auto Business Into Three Units
The Mahindra Group has initiated a restructuring to trifurcate which contributes 55% to the group revenue. The exercise will involve separating the electric vehicles (EV), tractors, and passage vehicles (PV) business into three independent companies via a demerger process, according to the people who know the plan. Currently, these belong to Mahindra & Mahindra as…
Aman Goyal