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
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🎤 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
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🚗 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
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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
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🚗 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
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⛟ Commercial Vehicles
📝 Daimler India reports 25% sales growth in 2022
📝 Truckers may get clean energy sops
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🏍 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
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🚲 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
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⚙ 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
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🌇 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
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🌢 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
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💸 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
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📖 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
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📰 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
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