Monday, December 2, 2019

Toyota Kirloskar sales down 19% at 9,241 units in November

"We have consciously lowered the volume of vehicles sold to dealers to ensure lean inventory/avoid high market offers, we are adjusting our production to ensure we do not put any excess burden on our dealerships before the shift to BS-VI in April 2020," TKM Deputy Managing Director N Raja said.

from Auto-Industry-Economic Times https://ift.tt/34Q4Q9v

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Bajaj-backed KTM's creditors take 70% cut in debt recast

Creditors of Austrian motorbike maker KTM AG have approved a restructuring plan that will write off 70% of the company's debt. The plan ...