Volkswagen is offering factory workers in India early departure as it restructures its operations

Volkswagen Group is offering early retirement to all of its 2,300 employees at its two factories in India, sources said, as the carmaker tries to overcome obstacles to growth in the world’s third-largest car market.Volkswagen Group has begun a broader restructuring in India, where it is challenging the country’s largest import tax demand yet of […]

Hot wheels, higher discounts: Jains buy 186 luxury cars, drive bargain to save Rs 21 cr

The Jain community has impressively demonstrated its formidable purchasing power by driving home 186 luxury cars after getting discounts of Rs 21 crore. This “unique deal” with luxury car brands such as BMW, Audi and Mercedes was brokered by the Jain International Trade Organization (JITO), Vice President Himanshu Shah told PTI on Saturday. JITO is […]