India’s Maruti lures buyers with sweet deals and strict hygiene

NEW DELHI — India’s largest automaker, Maruti Suzuki India, is rolling out a series of new sales strategies to counter the damage caused by the coronavirus pandemic. Although the sales are recovering at a snail’s pace, the company has been quick to set a new normal for India’s auto industry, poised to keep its edge in the upcoming competition.

Things have been limping back to normal since the company reopened its operations in a staggered manner with its production at its three plants in Gurgaon and Manesar near New Delhi and in the western state of Gujarat, starting in May.

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India’s Tata Motors cuts investment by $1.5bn to hold cash

TOKYO — Leading Indian automaker Tata Motors will cut its investment spending for the current fiscal year to March 2021 by $1.5 billion versus the previous year to preserve cash as the novel coronavirus pandemic eviscerates demand for cars.

The cutback follows the company’s net loss of 120 billion rupees ($1.6 billion) in the fiscal year ended March.

In a telephone news conference on Monday, Tata Motors said it will cut spending on its auto business in India, mainly under the Tata brand, including its research and development budget, to 15 billion rupees, down 70% from the previous fiscal year.

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Coronavirus latest: India’s Panacea and Refana of US seek vaccine

The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan.

Global cases have reached 7,238,723, according to Johns Hopkins University.

The worldwide death toll has hit 411,177.

To see how the disease has spread, view our virus tracker charts:

(Source photo by AP) 

Here are the latest developments (Tokyo time):

Wednesday, June 10

3:03 p.m. Corporate executives in Asia are being offered “fast track” treatment in a cautious re-opening of regional travel after economies such as Hong Kong, Singapore and South Korea prioritize business trips to try to

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India’s migrant exodus foreshadows an economic crisis

NEW DELHI — Chiles and dried mango powder have helped Govind Jogi swallow handfuls of plain boiled rice — the only food on which he and his wife have survived these past two months.

Jogi, 21, usually works as a seller of idlis, a savory rice cake, at a roadside stand in Ahmedabad, a city in Indian Prime Minister Narendra Modi’s home state of Gujarat. Along with millions of other migrant workers, his income vanished overnight when Modi on March 25 imposed a nationwide lockdown in an attempt to rein in the spread of the novel coronavirus.

With no money

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