Top Indian Automobile Industry News & Updates - 27 April 2023,Thursday

🏢 Industry

📝  Global connected car sales grew 12% in 2022, Volkswagen leads
📝  S&P upgrades Tata Motors' long-term issuer, issue credit ratings to 'BB'
📝  GST authorities to investigate auto dealers for sending fake invoicing
📝  Government proposes 30 documents as proof of identity for DL and vehicle registration
📝  Cut in prices is not enough to pull the market towards CNG vehicles
📝  JSW refutes report on buying stakes in MG Motor and BYD India
📝  Tata Consumer, Bajaj Auto shares open in the red after Q4 numbers
📝  Don't see growth in small car segment in this fiscal year: R C Bhargava
📝  Smaller EV prices to come down as EV sales climb, IEA says
📝  Odisha hikes incentives to promote EV
Read More >>

🎤 Interviews & Features

📝  2023 Maruti Suzuki Fronx vs SUV rivals: Price comparison
📝  Motherson has all the pieces of the EV puzzle in place. Will the auto component maker’s big bet pay off?
📝  We are looking at becoming carbon neutral by 2050: Neeraj Kanwar, Apollo Tyres
📝  Looking for long-term partner for EV business: M&M exec director Jejurikar
📝  Maruti Q4 numbers almost in line, management commentary more important: Naveen Kulkarni
Read More >>

🚗 Cars / SUVs

📝  Maruti Suzuki PAT rises to INR 8211 cr in FY23; plans to add 1 mn annual capacity
📝  Kia India exports 2 lakh units to 95 countries
📝  Maruti Suzuki to scale up capital expenditure to record Rs 8,000 crore in current FY
📝  Hyundai Creta rival Citroen C3 Aircross launch tomorrow: New spy images
📝  Skoda Auto Volkswagen India generates 3800+ pledges in-line with the theme of Earth Day 2023
📝  Maruti 1st car company to cross Rs 1 lakh crore revenue mark
📝  Toyota Kirloskar plans to roll out affordable green models
📝  Hyundai updates safety features in Creta, Venue and i20
📝  Top 10 cars in India under Rs 10 lakh: Baleno, Tiago, Bolero Neo & more
📝  Citroen C3 Aircross SUV to be unveiled in India tomorrow: What to expect
📝  Next-generation Skoda Superb and Kodiaq teased. India launch likely
📝  Maruti Suzuki FY23 results to beat street estimates
📝  Get set for Maruti MPV based on Toyota Innova Hycross, launch in next two months
📝  Mahindra can't build Scorpio fast enough; plans a boost in production
📝  Maruti Suzuki Q4 net rises 42% to ₹2,671 cr. on higher sales
📝  Maruti Suzuki declares dividend of Rs 90 per share for FY23
📝  Maruti Suzuki India Q4 net rises 42 per cent to Rs 2,671 crore on higher sales
📝  Maruti Suzuki planning new plant to cater to domestic, export markets
📝  Maruti Suzuki to launch Toyota-based 7-seat hybrid SUV soon: Six EVs by 2030
📝  Maruti to expand capacity by 10L units
📝  Maruti Suzuki to set up new plant with 10 lakh capacity, to launch Toyota-based 3-row strong hybrid in 2 months
Read More >>

Electric-Cars / SUVs

📝  MG Comet launched at INR 7.98 lakh, to come with a home charging box
📝  MG Comet EV vs Tata Tiago EV: Price, specs, range comparison
Read More >>

🚗 Luxury Cars

📝  Sixth-gen Mercedes-Benz E-Class – Top 5 things to know
📝  Land Rover Defender SUV gets new models in India, check details
📝  Lexus India conducts Nature Electrified Design Contest to commemorate World Earth Day
📝  Hotstepper: Mercedes GT 63 SE launched in India
Read More >>

⛟ Commercial Vehicles

📝  Daimler India reports 25% sales growth in 2022
📝  Truckers may get clean energy sops
Read More >>

🏍 2/3 Wheelers

📝  Royal Enfield’s Art of Motorcycling campaign winners get Rs. 1.5 lakh each
📝  Bajaj’s top-selling bikes for FY2023 – Pulsar for the win
📝  KTM Adventure 390 X vs BMW G 310 GS: Engine, Specs, Features, Price
📝  Made-in-India Royal Enfield Hunter 350 launched in the US. Check prices
📝  Bajaj Auto’s Q4 tailwinds set to ebb
Read More >>

🚲 Electric 2/3 Wheelers

📝  Simple Energy to launch E2W Simple ONE on May 23, 2023
📝  Okinawa Autotech upgrades Praise platform with new technology, better ergonomics
📝  Komaki revamps e-cruiser bike–Komaki Ranger
📝  e-Sprinto plans to open 200 showrooms in 20 cities by the end of 2023
📝  Gogoro begins battery swapping stations in India, with new electric scooters
📝  Okaya EV launches new brand campaign ‘Make Promises Happen’
📝  Joy e-bike Mihos and e-rik deliveries begin
📝  EV bike-maker Matter partners with OTO
Read More >>

⚙ Components

📝  India's Mahindra CIE reports 73% rise in Q1 profit on robust domestic, European demand
📝  Talbros Automotive charts ₹205-crore capex across businesses to double topline by FY27
Read More >>

🌇 Allied Industries

📝  Cummins, Tata Motors sign deal to produce clean tech products in India
📝  Tata Steel Long Products reports Rs 184 cr loss in Q4
📝  JK Tyre develops sustainable tyre
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Brakes India launches engine oils in new brand-Revia
📝  India gorges on discounted Russian crude, enjoys fuel export bonus
📝  MGL to expand into CBG, LNG & EV segments
Read More >>

💸 Finance & Insurance

📝  Bajaj Finance Q4 PAT up 25% on strong AUM, NII growth
📝  State seeks Centre’s help to make repeat traffic violators pay higher MV insurance
📝  PhonePe launches brand campaign on motor insurance
📝  Bajaj Finance down ahead of Q4 results; margins seen under pressure
📝  Bajaj Finance Q4 net rises 30% on stronger interest income
Read More >>

📖 Magazines News

📝  Gogoro pilot project begins in Delhi-NCR
📝  New cars, SUVs coming up in the months ahead
📝  McLaren 750S revealed as 720S replacement
📝  Land Rover Defender 130 gets 500hp V8
📝  Six new Skoda EVs to arrive by 2026
📝  MG Comet EV launched at Rs 7.98 lakh
📝  Simple One launch on May 23
Read More >>

📰 International News

📝  Skoda plans to expand BEV range to six models by 2026
📝  Demand for electric cars 'booming': IEA
📝  Chevrolet Bolt EV production to be discontinued later this year
📝  Ex-Audi exec pleads guilty over 'dieselgate'
📝  Valeo Q1 sales jump driven by powertrain systems arm
📝  Vietnam EV maker VinFast gets fresh funding pledges of USD 2.5 bln
📝  BYD lowers starting price for Seagull electric hatchback
📝  Japan's Honda Motor in strategic collaboration deal with TSMC
📝  Valeo Q1 2023 sales up 15% to EUR 5.5 bn
📝  GM, Samsung SDI to soon unveil plans for EV battery plant in US, sources say
📝  Skoda Enyaq iV 50 entry price is below EUR 40,000
📝  Chile's lithium move a further push for automakers to diversify supply chain
📝  Hyundai Motor Group appoints Yong Wha Kim as head of R&D Division
📝  Macquarie to invest in Austrian car park company Best in Parking
📝  ZF orchestrates new people transportation service in Switzerland with Mobility
📝  Skoda reveals first glimpse of the new Superb Combi estate, Superb hatchback and Kodiaq generations
📝  Mahindra's Automobili Pininfarina teases new supercar; to bring more models
📝  German lithium-sulfur battery startup Theion appoints Martin Schaupp as CTO and Matthias Fengler as CFO
📝  New Land Rover Defender 130 Outbound introduced for adventure lovers
📝  McLaren 750S breaks cover promising 740 hp, can sprint 0-96 kmph in 2.7 seconds
📝  BYD beats Volkswagen as China’s best-selling car brand
📝  This collection of Ferraris is set for auction. You'll be surprised to know the prices!
📝  Bosch to buy TSI Semiconductors, invest $1.5 billion to expand US output
📝  Smaller EV prices to come down as EV sales climb, IEA says
📝  Stellantis to offer buyouts amid electric vehicle transition
Read More >>


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