Free service for Bajaj Auto commercial vehicles

Bajaj Auto, the world’s favourite Indian has extended their free service and warranty period for both two wheelers and commercial vehicles. This decision comes in the wake of the 21 day nation-wide lockdown announced to combat the virus. In the commercial vehicle category, any vehicle (3W / Qute) for which free service – i.e. 1st / 2nd/ 3rd is getting due till 30th April 2020 (as per timelines), time validity will get extended by 2 months. Additionally, any vehicle for which warranty is getting matured (expired) between March and April (up to 30th April)…

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NEC India to be spearheaded by Aalok Kumar

NEC Corporation and NEC Technologies India last week announced the appointment of Aalok Kumar as the new President and Chief Executive Officer (CEO) of NEC Technologies India. Among other things, the Indian subsidiary of the Japanese firm is involved in the large scale container tracking venture in association with Delhi Mumbai Industrial Development Corporation (DMIDC). With this appointment, Takayuki Inaba, former Chairman & Managing Director, has been appointed as Executive Chairman of NEC Technologies India. Akihiko Kumagai, President of the Global Business Unit, NEC Corporation, said, “This management restructuring exercise is aimed…

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Honda reports 5% growth in March 20

Honda Motorcycle & Scooter India closed March 2020 with total sales of 2,61,699 units as against 2,49,136 units in March’19. Honda’s domestic sales in the month of March grew 11% from 2,22,325 units last year to 2,45,699 units in March’20 while exports moderated at 16,000 units. Overall, the challenging fiscal 2019-20 saw the domestic two-wheeler industry sales slowdown for the 16th straight month. Honda closed FY2019-20 (April 2019 to March 2020) with total sales of 50,31,297 two-wheelers. This includes domestic sales of 47,06,572 units and exports of 324,725 units.  In wake of…

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CAPA projects $3.6 billion loss for Indian Aviation

The 21-day nationwide lockdown announced on March 25 which has seen all passenger services disallowed till at least April 14 will deliver a major setback to the Indian Aviation business.   Industry think-tank and research agency CAPA (The Centre for Asia Pacific Aviation) has projected India’s aviation market incurring a staggering loss between $3.3 and $3.6 billion in the first quarter of Financial Year 2021 due to the effects of the coronavirus.   “India’s aviation sector could incur losses of $3.3-3.6 billion in 1QGY2021 assuming that all domestic and international…

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Purposeful action to mitigate the adverse macro-economic impact

Ramesh Nair CEO & Country Head. JLL India This is a very significant move with substantial monetary policy intervention at a time when COVID -19 has impacted the economy at large. This is in conjunction with economic package announced by the finance minister yesterday for the poor. In addition to other benefits, the package is expected to benefit 3.5 crore registered construction workers. This is also a perfect orchestration of the joint efforts by the Central government, State governments and the Central Bank to deal with this global health crisis.  …

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Key SCM steps in the times of COVID 19

Aditya Vazirani (CEO, Robinsons Global Logistics Solutions)   The fast-paced spread and the highly contagious nature of the Coronavirus or COVID-19, has brought the global civilisation to a massive lockdown. What began with the shutting down of China – the global hub for the manufacturing, has spread to the near-total lockdown of major European countries, most of whom have also sealed its borders and ports. The international supply chain today has also come to a standstill, with the exception of pharmaceuticals and essential F&B chains functioning at reduced capacity. Even…

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Freightwaves Webinar: Addressing the Disruption

The impact of the Coronavirus (COVID-19) is being felt globally with massive disruptions to manufacturing, retail, distribution, and transportation. To help stakeholders to understand and mitigate its impact while adding future resiliency to their supply chains, FreightWaves and Descartes are partnering for an hour-long webinar on Thursday, April 2 at 2pm ET. Industry thought leaders Chris Jones, Executive Vice President of Marketing and Services for Descartes Systems Group; Mark Segner, Vice President of Sales for Descartes Datamyne; and Jackson Wood, Director of Industry Solutions and Trade Compliance for Descartes Systems Group,…

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Global shipping associations seek G-20 intervention

Two leading associations representing global shipping industry last week sought intervention by G-20 to facilitate minimal restrictions for ships and crews. The International Chamber of Shipping (ICS) association and the International Association of Ports and Harbors (IAPH) jointly made the plea to ease the restrictions (ships and their crews being in a quarantined phase at several places) to ensure the flow of essential items globally. These restrictions have been imposed in response to Coronavirus menace. “ Ensuring that seafarers can travel without undue restriction will be key to maintaining the…

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FedEx special operations to combat Coronavirus threat

FedEx Express recently announced conducting a special operation over the weekend to help the U.S. government quickly move COVID-19 test specimens from more than 50 remote drive-thru testing centers at major retailers across 12 states. This critical mission, led by the White House, Department of Health & Human Services (HHS) and the Federal Emergency Management Agency (FEMA), was a collaborative effort among retailers and healthcare companies to enable quick processing of COVID-19 test specimens to help prevent spread of the virus. To ensure weekend support of this mission, FedEx Express…

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Export body seeks extension of Foreign Trade Policy

FIEO, apex association of exporters, has recommended a slew of measures to the government to help the fraternity in combating the unprecedented crisis caused by Coronavirus threat. This includes extension of the Foreign Trade Policy 2015-2020 (also extension of Status Holder Certificates till March end next year). The association has also suggested amnesty scheme for old Advance, EPCG and EOUs for regularization of default by payment of only Customs duty without interest and penalty to lessen the burden on industry. Other key recommendation includes extension of Export Obligation (EO) of all advance/EPCG…

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